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DRIVE
SPRING 2016
Program
BBA
Semester
4
Subject code
& name BBA404- SMALL BUSINESS MANAGEMENT
1
Write short notes on the following:
a)
Various forms of organisation
b)
Competitive strategies
Answer: a) Forms of Organisation
1)
Sole
proprietorship:
Here the owner and manager is the same person, who will have the responsibility
of taking care of each and every aspect of the business. This is a common
business structure. With this structure, operation is easy and devoid of any
authoritative control. Managerial flexibility is much more in this form and
legal obligations are lesser when compared to other forms
2 Elaborate
on materials management and its functions. Define Robert Katz’s essential
management skills.
A Materials
management and its functions
Robert Katz’s
essential management skills
Answer: Materials Management
In a manufacturing organisation, materials constitute
between 60 to 70% of
cost, and making the planning schedule, procurement
list and estimate of
utilisation of materials are the key function.
Inadequate inventory disrupts
production and causes loss of sales. On the other
hand, excess inventory
will result in
3 Describe
the following:
(a)
Factors affecting working capital requirements
(b)
Chit fund
(c)
Activity Based Costing (ABC)
Answer: a) Factors influencing working capital requirements
1.
Nature of business: The nature of business, trading, manufacturing or service, is a
significant determinant of working capital.
2.
Activity level of business: The higher the production, the greater will be the level of current
Get fully solved assignment. Buy online from website
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Charges rs
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if urgent then call us on 08791490301, 08273413412
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