Question 1 One of your friends has developed a new microwave freezer known as the Freeze-chiller. The core product is not the standard freezer, but an appliance that freezes food in the same time that a microwave oven takes to heat food. Using the four-step method for determining a promotional budget, prepare a suitable budget for promoting the new product. Question 2 Cobra-net Pty, a small publishing business in Pretoria, conducted a feasibility study for the publication and distribution of a new magazine. The following information is available: Fixed cost per edition: Development cost Setting-up cost Selling and advertising cost Total fixed cost: R15 000.00 R27 500.00 R 7 500.00 R50 000.00 Variable cost per edition: Printing and binding cost R6.65 Administrative cost R1.50 Sales commission R0.55 Royalties per edit R3.30 Discount to bookstores R5.50 Total variable cost: R17.50 Proposed selling price: R27.50 Question: Calculate the break-even point in (1) (2) units money value (R) (6) Read the case study below and then answer the questions that follow. A few years after successfully launching a new business, an entrepreneur found himself spending 15 hours a day running from one appointment to the next, negotiating with customers, looking for new business, signing cheques and checking up as much as possible on employees. He knew that selling was his strong point, but his general managerial responsibilities were extremely time-consuming and interfered with his sales efforts. He even had to sleep at the office two nights a week just to keep abreast of things. Despite his hard work, he knew that his employees were disorganised and were also experiencing many problems. However, he simply did not have the time to formulate personnel policies or even draw up job descriptions for his six employees. Due to the lack of supervision, some employees even took advantage of the situation and left work early. Invoices were sent to customers late and delivery schedules were missed in certain cases. Fortunately, the business was profitable despite all these problems. (1) Is this founder's problem one of time management or general managerial ability? Would it be feasible to engage a management consultant to help solve the business's problems? (2) If you were asked to improve this business's management system, what would be your first steps and initial goal? (2) (2) Question 4 A business model is a systematic explanation of how a business will generate profit and cash flow. Develop a business model that is applicable to your business by completing the business model canvas framework. The business model canvas is available in TUT501, section 1.3.1. (30) Question 5 When an entrepreneur launches a new business, he or she must choose a legal form of organisation that will determine who the actual owners of the business are. Distinguish between the various legal forms of organisation available for businesses. (10) Question 6 Explain the cash inflows and outflows of a business by discussing the main activities involved in measuring a business's cash flows. (6) 24 Question 7 It is of critical importance for a human resource manager to be aware of the legal protection available to employees. Conduct research on the protection of employees available in South Africa. (6) Question 1 One of your friends has developed a new microwave freezer known as the Freeze-chiller. The core product is not the standard freezer, but an appliance that freezes food in the same time that a microwave oven takes to heat food. Using the four-step method for determining a promotional budget, prepare a suitable budget for promoting the new product. Question 2 Cobra-net Pty, a small publishing business in Pretoria, conducted a feasibility study for the publication and distribution of a new magazine. The following information is available: Fixed cost per edition: Development cost Setting-up cost Selling and advertising cost Total fixed cost: R15 000.00 R27 500.00 R 7 500.00 R50 000.00 Variable cost per edition: Printing and binding cost R6.65 Administrative cost R1.50 Sales commission R0.55 Royalties per edit R3.30 Discount to bookstores R5.50 Total variable cost: R17.50 Proposed selling price: R27.50 Question: Calculate the break-even point in (1) (2) units money value (R) (6) Read the case study below and then answer the questions that follow. A few years after successfully launching a new business, an entrepreneur found himself spending 15 hours a day running from one appointment to the next, negotiating with customers, looking for new business, signing cheques and checking up as much as possible on employees. He knew that selling was his strong point, but his general managerial responsibilities were extremely time-consuming and interfered with his sales efforts. He even had to sleep at the office two nights a week just to keep abreast of things. Despite his hard work, he knew that his employees were disorganised and were also experiencing many problems. However, he simply did not have the time to formulate personnel policies or even draw up job descriptions for his six employees. Due to the lack of supervision, some employees even took advantage of the situation and left work early. Invoices were sent to customers late and delivery schedules were missed in certain cases. Fortunately, the business was profitable despite all these problems. (1) Is this founder's problem one of time management or general managerial ability? Would it be feasible to engage a management consultant to help solve the business's problems? (2) If you were asked to improve this business's management system, what would be your first steps and initial goal? (2) (2) Question 4 A business model is a systematic explanation of how a business will generate profit and cash flow. Develop a business model that is applicable to your business by completing the business model canvas framework. The business model canvas is available in TUT501, section 1.3.1. (30) Question 5 When an entrepreneur launches a new business, he or she must choose a legal form of organisation that will determine who the actual owners of the business are. Distinguish between the various legal forms of organisation available for businesses. (10) Question 6 Explain the cash inflows and outflows of a business by discussing the main activities involved in measuring a business's cash flows. (6) 24 Question 7 It is of critical importance for a human resource manager to be aware of the legal protection available to employees. Conduct research on the protection of employees available in South Africa. (6)