Answer every single one of these questions in HSC style format. No copying any information from the internet and no plagiarism. Each section is worth alot of marks.

All of questions 1 is worth (5 marks). All of question 2 is worth (15 marks). All of question 3 is worth (10 marks). All of question 4 is worth (5 marks). All of question 5 is worth (10 marks). All of question 6 is worth (5 marks). Question 7 is worth (25 marks). For the lst questions I sent you guys you guys pick which question you guys want to give a full response that's worth (25 marks).

30 marks Attempt Questions 1-3 Answer the questions in the spaces provided Question 1 (5 marks) Refer to the following information Fabio P/L is a music retailer selling a wide range of compact discs, tapes and stereo systems. This store is popular amongst the youth in this area. It is located in a large suburban shopping centre. marks a) Define the word stakeholder. b) Identify two (2) stakeholders in a business and describe businesses responsibility to each c) Explain the difference between the internal and external business environment. Question 2 a) What are the 4 stages of the business life cycle? marks b) What are the challenges faced by the business in the second stage of the business life cycle c) What strategies could be implemented in the second stage to overcome these challenges d) Draw a fully labeled diagram of the business life cycle Question 3 (10 marks) (a) Define the term entrepreneurship. (b) Describe ONE characteristic of a partnership. (c) Analyse the impact of TWO internal influences on businesses. SECTION 2 20 marks Attempt Questions 4-6 Answer the questions in the spaces provided Question 4 (5 marks) Blooming Flowers has provided it income statement for the last financial year. Blooming Flowers Pty Ltd Income statement for year ended 30 June 2017 Sales Less COGS Gross profit 732 000 216 000 Less other expenses Advertising Electricity Rent Delivery driver's wage Total expenses 51 000 34 000 106 000 48 000 Net profit (a) What is the purpose of an income statement? (b) Calculate the gross profit for this business. (c) Distinguish between sales and net profit. Question 5 (10 marks) Angela runs a small business making organic fruit and vegetable juices located in rural NSW. (a) Define the term local business. (b) Explain the importance of developing and sustaining a competitive advantage for Angela's business. (c) Explain the factors that can contribute to business decline. Question 6 (5 marks) Henry and Matthew are preparing to open th providing accounting and taxation services for individuals and other are aware that many small businesses fail within the first 12 months reparing to open their own small business in the CBD, Services for individuals and other businesses. They (a) Identify ONE opportunity for the business. (b) Discuss TWO critical issues in business success and O critical issues in business success and failure that Henry and Matthew must consider 4 Section 3 25 marks Attempt Question 7 Answer the question in a word document and attached it to this document via email. In your answer you will be assessed on how well you: demonstrate knowledge and understanding relevant to the question use the information provided communicate using relevant terminology and concepts present a sustained, logical and cohesive response in the form of a business report Question 7 (25 marks) Two sisters have decided to open their own clothing production businesses in Australia, and will focus on 'Australian made and sustainable clothing to attract a customer base. They are considering setting up a small factory in an industrial zone in Sydney and plan to employ twelve staff. Their business, Tailored Frame, will produce clothing for both women and men which is designed by the two sisters who will be partners in the business. The two sisters planning to open Tailored Frame have asked you to write a report which provides them with advice they need to help set up their new business. In your report: Describe TWO influences in establishing a small to medium enterprise Explain the management process required for the marketing of the business's products Recommend an appropriate management approach that the management of Tailored Frame could use in their business Section 4 25 marks Attempt either Question 8 or Question 9 Answer the question in a word document and attached it und attached it to this document via email. In your answer you will be assessed on how well you: demonstrate knowledge and understanding relevan use relevant business case study/studies communicate using relevant business terminology and conceps present a sustained, logical and cohesive response edge and understanding relevant to the question Question 21 (20 marks) skills of management and explain the strategies involved in managing change effectively. OR Question 22 (20 marks) Describe TWO goals of a business and explain the importance of ethical business behaviour. End of assignment