Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Small business may be the backbone of the South African economy, but its bearing the brunt of the energy crisis. A bakery owner, says, Our

Small business may be the backbone of the South African economy, but its bearing the brunt of the energy crisis. A bakery owner, says, Our big ovens take 1.5 hours to warm up, and then just as we put the cakes in, the electricity goes off. Theres a huge waste of paid working time and ingredients. My cold rooms get warm and iced cakes dont cool enough to travel. It would cost half a million rand for a generator to run our ovens, and it would be so big, it would take up most of our parking area. Thats before you buy the diesel, which would push the prices so high, no one would buy the cakes.

Using the information above as the basis of the answer, recommend how the leader of the business should deal with the risks that their entities face.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these General Management questions