MGT211 GDB 1 Solution and Discussion



  • Total Marks 4
    Starting Date Thursday, May 21, 2020
    Closing Date Wednesday, June 03, 2020
    Status Open
    Question Title Business Organizations
    Question Description

    Topic to be tested:

    Business organizations

    Learning objectives:

    To understanding the basics of a business.

    Question:

    Why it is important to meet the pre-requisites of a business?
    How credit sales could be helpful for a businessman to boost his business?

    INSTRUCTION:

    Write a brief answer in bulleted form only.
    For each question only two reasons are required.

    Note: Strictly follow the Instructions, student will be graded zero if not found to follow the instruction.


  • Cyberian's Gold

    @zaasmi said in MGT211 GDB 1 Solution and Discussion:

    How credit sales could be helpful for a businessman to boost his business?

    Offering credit often encourages customers to speed up or increase the amount of their spending. Some businesses offer credit to gain a competitive advantage in their market. Balancing the potential for increased sales with the risk of reduced cash flow is an important part of managing risk in your business.


  • Cyberian's Gold

    @zaasmi said in MGT211 GDB 1 Solution and Discussion:

    Why it is important to meet the pre-requisites of a business?

    A business has to co-ordinate various factors of production for achieving a given objective. All factors are equally important for making the business a success. Various departments should work in co-ordination with each other and organisational and financial planning should by properly determined.



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