MNE3701
Assignment 5
(COMPLETE
ANSWERS)
Semester 2
2024 - DUE 25
October 2024
[Type the document subtitle]
, Exam (elaborations)
MNE3701 Assignment 5 (COMPLETE ANSWERS)
Semester 2 2024 - DUE 25 October 2024
Course
Entrepreneurship and Small Business Management (MNE3701)
Institution
University Of South Africa (Unisa)
Book
Small Business Management
MNE3701 Assignment 5 (COMPLETE ANSWERS) Semester 2 2024 - DUE
25 October 2024; 100% TRUSTED Complete, trusted solutions and
explanations.. Ensure your success with us.....
Having acquired sufficient knowledge and skills on entrepreneurship and
small business management, you must demonstrate practical competencies in
managing business’s assets and risks. Think of any business you would like
to start and answer the following questions: QUESTION 1 By using practical
examples, critically discuss how you would manage the assets of your
business. (10) QUESTION 2 By using practical examples demonstrate how
you would manage risks in your business.
QUESTION 1: Managing the Assets of Your Business (10 Marks)
When starting a business, effectively managing assets is crucial for long-
term success and sustainability. Let’s assume I plan to start a small café
business. The assets of this café would include both tangible and
intangible assets, and it’s important to manage them efficiently to
ensure profitability and growth. Below are the ways I would manage the
café’s assets:
1. Inventory Management:
Practical Example: I will carefully monitor the café’s inventory,
which includes raw materials like coffee beans, milk, sugar, bakery
items, etc. To avoid spoilage and stockouts, I will implement a
Assignment 5
(COMPLETE
ANSWERS)
Semester 2
2024 - DUE 25
October 2024
[Type the document subtitle]
, Exam (elaborations)
MNE3701 Assignment 5 (COMPLETE ANSWERS)
Semester 2 2024 - DUE 25 October 2024
Course
Entrepreneurship and Small Business Management (MNE3701)
Institution
University Of South Africa (Unisa)
Book
Small Business Management
MNE3701 Assignment 5 (COMPLETE ANSWERS) Semester 2 2024 - DUE
25 October 2024; 100% TRUSTED Complete, trusted solutions and
explanations.. Ensure your success with us.....
Having acquired sufficient knowledge and skills on entrepreneurship and
small business management, you must demonstrate practical competencies in
managing business’s assets and risks. Think of any business you would like
to start and answer the following questions: QUESTION 1 By using practical
examples, critically discuss how you would manage the assets of your
business. (10) QUESTION 2 By using practical examples demonstrate how
you would manage risks in your business.
QUESTION 1: Managing the Assets of Your Business (10 Marks)
When starting a business, effectively managing assets is crucial for long-
term success and sustainability. Let’s assume I plan to start a small café
business. The assets of this café would include both tangible and
intangible assets, and it’s important to manage them efficiently to
ensure profitability and growth. Below are the ways I would manage the
café’s assets:
1. Inventory Management:
Practical Example: I will carefully monitor the café’s inventory,
which includes raw materials like coffee beans, milk, sugar, bakery
items, etc. To avoid spoilage and stockouts, I will implement a
