Unit 2 PPT 3 Activity 1

What type of business did Joe start?

• A restaurant

• A surf shop

• A clothing store

• A bookshop

What did Joe fail to set when he started his business?

• Marketing strategies

• Financial goals

• Employee schedules

• Product prices

What was one of the consequences of Joe not setting sales targets?

• He had too many employees

• He had surplus stock that didn’t sell

• He expanded too quickly

• He had too much cash flow

What financial issue did Joe face during the off-season?

• High employee turnover

• Significant cash flow problems

• Increased rent costs

• High advertising expenses

Why couldn’t Joe afford to pay his employees on time?

• He spent too much on advertising

• He spent too much on inventory

• He had too many employees

• He reduced his prices too much

What did Joe dream of doing with his business?

• Opening a restaurant

• Starting a new product line

• Opening a second store

• Launching an online shop

Why was Joe unable to open a second store?

• He didn’t have a business plan

• He didn’t have the funds

• He didn’t have enough staff

• He didn’t have a location

What did Joe lack that prevented him from managing his cash flow effectively?

• A marketing plan

• A savings goal

• A business partner

• A financial advisor