Instructions: .Write student ID and Student Name in the given space . Read the following case and answer the questions given at the end Maximum Mark: 15 Deadline for the submission without penalty: 26-10-2021 Case study: Mr. Ahmed, after his studies in the University of Technology and Applied Science, decided to start a bakery shop near his house in Salalah. Mr. Ahmed decided to start a business because he wanted to become the owner of a business than becoming a salaried employee. One of his friends Mr. Salim, who was working with a hotel industry before but recently left the job, joined with Mr. Ahmed. Both the owners invested equal amount of money into the business. Mr. Ahmed was very much clear that the success or failure of any business is very much dependent on whether the business reaches the potential customers. Using his skills Mr. Ahmed could make more people his regular customers. At the same time. Mr. Salim is able to manage every component of the business. Through the hard work and dedication of Mr. Ahmed and Mr. Salim, could keep the business growing and earned a good amount of profit in the first year, which they shared equally. After few months a new and big bakery shop was opened in the same locality. Now Mr. Ahmed and Mr. Salim are worried about the business, because they have to compete with the new big shop. So, they have to think for some new marketing strategy for their business. Answer the following questions: 15 x 3 Marks = 15 Marks 1. Identify and explain the type of ownership of the business 2. Explain the reason behind Mr. Ahmed's decision to start a business. 3. Do you think that Mr. Ahmed has the skills and competencies to become an entrepreneur? 4. What specific skills Mr. Salim has, which may help the business to be successful? s. What marketing strategies you can suggest for further growth of the business