MGT211 GDB 1 Solution and Discussion

[Atiya Rabani]

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.

[zaasmi]

@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.

[zaasmi]

@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.