ASSIGNMENT RATIONALE Students should demonstrate an ability to practically utilize the taught concepts and theories in a real business environment. OVERVIEW All the students will work on a hypothetical company/firm and give it a unique name. o The company/fim should be registered as a business in Canada, though it can operate in and caer to clients/customers/consumers outside of Canada. oIt could be a small, medium, or large business enterprise. he business shouid either create producUS or and provide service o Students can decide on the current life cycle stage for the business. For example, you may consider establishing a new business venture, expanding, or restructuring an existing business, etc. INFORMATION and INSTRUCTIONS While you create your assignment document, following the section-wise approach below. For meeting the scope of the assignment, students are required to complete all four sections. Each section has been divided into points ranging from 1 to 3; incorporate answers to all the points. You will also observe hints in each section. Its purpose is ONLY to provide directions to students and should not be treated as a requirement of the assignment. SECTION 1- DESCRIPTION OF THE BUSINESS 1. Providea complete description of your business. Utlize the points shared above in the overview and top it up witn more detais that you feel are necessary to explain your business. Consider this section as an opportuny to inuroduce wnat, wny, and now or your Dusiness to ne audience. Hints ( not limited to) oGoals and objectives. o organizational structure/culture o Business Model o Product or services created; their value proposition, competitive advantage etc. oTarget audience. o Timeline- How long have you been in business/ is it a fresh start? SECTION 2- BUSINESS oWNERSHIP 1. wnich form of business ownership modei does your business foliow, or is planning to follow, and why? 2. Advantages and disadvantages of the chosen business ownership model? 3. Given the COVID 19 pandemic, what general threats and INFORMATION and INSTRUCTIONS opportunities do you foresee for your business? Hints While answering, keep in mind the products and services being offered by your business. Complexity, size, and geographic expanse of your business. SECTION 3- COST-BASE ANALYSIS 1. List the Types of Costs associated with your business? a. Along with the Fixed and Variable costs, also discuss the contingencies and future-needs cost. b. Mention at least 5-8 examples for each type. 2. Depending on your Cost-Base Analysis, what Degree of Managerial Control would you have over the financial decisions of your business. Explain? Hints ohink or all the major activites/ departments/ processes assocated with your business operations' current and future needs. o Once you have these details, categonze them according to the classification discussed in the Cost-Base Analysis. o While thinking of the degree of managerial control, think about how COVID might have played a role in altering your decisions. SECTION 4- SOURCES OF FUNDSS 1. Following the information provided in the sections above, which Sourcels of Funds is your business eligible for? 2. According to the need of your business, which of the eligible sources will you choose to fund your requirements. Clearly mention the INFORMATION and INSTRUCTIONS financial tools you plan to utilize, and why? 3. If COVID 19 altered your potential to secure funding from the primary