BUM181 Day 6

Identify the Factors to Consider in the Physical Establishment of a Business.

• Availability of Raw Materials

• Access to the target market

• Transport Infrastructure

• Support and Technical Infrastructure

• Labour and Skills Availability

When a home based business is established and it grows at a rapid pace, what are the 3 things you need to consider regarding space.

• Access for Clients

• Government Compliance

• Zoning Ordinances

• Space Restriction

• What even is this subject?

Management skills can be grouped in 3 categories:

• Human

• Technical

• Conceptual

• Managerial

• Leadership

_ Level Managers should be efficient in all three groups (conceptual, technical and Human)

_ Level managers has a bigger focus on human skills

_ level managers have a bigger focus on technical skills.

Order the management roles in Descending Order based on Level of Responsibility

1. Top

2. Middle

3. Low

4. Employees

Simply write the numbers with no spaces

ex. 1324

Order the management roles in Ascending Order based on Organizational Focus

1. Top

2. Middle

3. Low

4. Employees

Simply write the numbers with no spaces

ex. 1324

What two requirements are needed according to the Companies Act of 1973.

• Name should be reserved

• Companies Constitution should be approved

• Licensing Documents

• I will get 100% for Friday's summative. I am the best! Plays simply the best song in head*

What is your lecturer's part time job? [5 Marks]

• Only Fans

• Pastor

• Professional Gamer

• High School Teacher

• Online Gambling Business