Answered step by step
Verified Expert Solution
Question
1 Approved Answer
2. The table below shows data for three shoe manufacturers in 2018. Business A Business B Business Sales ($000) Capital Employed ($000) Employees 35 15
2. The table below shows data for three shoe manufacturers in 2018. Business A Business B Business Sales ($000) Capital Employed ($000) Employees 35 15 10 8 40 4 360 150 200 Business C has not grown in the last five years. It has always been owned by the same family and they do not want others to also become owners of the business. Business C only produces shoes for a small part of the market. The owner of Business A wants to expand the business externally. The owner of one of his major leather suppliers is retiring and wants to sell the business. Business D, another shoe manufacturer that opened just six months ago, failed recently. It was set up as a sole trader by someone who used to work on the production line of a large food manufacturer. a. Which is the largest business: 1. In terms of sales? [1] 2. In terms of capital employed? [1] b. Define 'entrepreneur'. [2] c. Outline two possible reasons why businesses fail. [4] Reason 1: Reason 2: d. Explain two possible reasons why Business C has not grown in re
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started