pls answer questions in detail
Independent Lesson 2 - Assignment: Section D Market Analysis Read the information below and answer the questions that follow. By completing these question's you should be able to recall information in the form of definition and apply them to this scenario. China's Auto Market Growing Rapidly At 24, Chang bough his first car. He considered a Ford Focus, but last week he negotiated a huge discount of 31,000 Yuan off a brand new Volkswagen (VW) Golf. He's looking forward to the freedom the car brings although he accepts that it will be difficult to park. China's auto industry is now growing by around one million extra vehicles a year - a rate of 12%% in 2013 to reach 20 million units. It is now the largest car market in the world having overtaken the USA in 2009. No wonder 100 global and Chinese vehicle manufacturers are now competing in this market. The best sellers are the Ford Focus followed by the VW Lavida. In fact, VW has a 21% market share. The luxury car segment is growing fastest - both BMW and Mercedes have announced annual sales increases in China of 21%. Many Western car makers, including VW and GM have joint ventures with Chinese manufacturers such as SAIC. 1. Using examples from the article, explain the difference between, Market Size, Market Growth and Market Share (4 marks) Market Size: Market Share: Market Growth:(?) This documen INDEPENDENT LESSON 2- WEEK 3 Activity: 10 minutes DULIP'S BUSINESS IS A SUCCESS Would you advise Dulip to convert his business into Dulip's business had been operating successfully for a partnership? Explain all the potential advantages two years when he decided to expand. He wanted his and disadvantages before giving your business to grow so that he could eventually bring his recommendation. two sons into the venture. 'I need to start using the timber | cut to make furniture and other products. This will allow me to add value to the natural products that produce,' he explained to his family. Dulip realised that he would need much more capital to build a furniture-making factory. Although his business was profitable, it was not making enough of a surplus to pay for the extra costs involved. 'Why don't you ask one of your friends to invest in your business?' asked Maria, his wife. 'This would mean that you would not have to borrow so much.' Dulip thought about this and replied, 'I could do this and also ask them to help me manage the business. I am not sure that I could carry all of the management responsibilities. I may consider making my business a legally recognised business - called a company - because this would be easier to leave to our sons and offers some protection for our savings.' Points to think about: Why is it important to Dulip that he should expand his business? Do you think it is a good idea for this business, currently only producing timber for other businesses, to make and sell furniture? Would you advise Dulip to involve one of his friends in the business? What benefits does Dulip think being a 'company" will offer to him? TASK 2 Open the following link Try the quiz and record your score - REFLECT on your mistakes and REVISE the important concepts https://www.bbc.co.uk/bitesize/guides/zdcomfr/testRevision Questions: What is the difference between a franchisee and franchisor? [2 marks] What are the advantages of joint ventures? [4 marks] What is a Public Company? [2 mark] What are the advantages and disadvantages of franchising? [8 marks]2. Explain 2 benefits to VW of having: a. A large market share in China (2 marks) b. One of the best-selling models (2 marks) (a) Benefit 1: (a) Benefit 2: (b) Benefit 1: (b) Benefit 2:Why do some firms decide to remain as Private Limited Companies? [8 marks]
