MNE3701 Assignment 3 Semester 2 2024 - DUE 27 September 2024

[Date]




MNE3701 Assignment
3 Semester 2 2024 -
DUE 27 September
2024
QUESTIONS WITH ANSWERS

, MNE3701 Assignment 3 Semester 2 2024 - DUE 27 September 2024



Having acquired sufficient knowledge and skills on financial management for
small business, you must demonstrate practical competencies in constructing
financial statements and in conducting feasible financial forecasting. As a new
entrepreneur understanding financial management and accounting, forms an
integral part of running your small business. In addition, you should also be able to
forecast the financial outcomes that could result from your decision. The
projections of business’s profits, its assets and financial requirements, and its cash
flows are essential in determining whether your business is economically viable.
Having acquired sufficient knowledge and skills on entrepreneurship and small
business management, you must demonstrate practical competencies in financing
the financial or capital needs of your business, building customer relationships,
developing the product and managing the supply chain of your the business. Think
of any business you would like to start and answer the following questions:

QUESTION 1

With reference to practical examples, critically discuss how you would finance
your business. Motivate why you choose specific ways of financing over others.
(10)

QUESTION 2

With reference to practical examples, demonstrate how you would build customer
relationship in your business. (10)

QUESTION 3