Case Scenario: You are planning to open a new business in Oman. The proposed business could...

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Case Scenario: You are planning to open a new business in Oman. The proposed business could be a sole trade or partnership form of business. The firm should be based in a service industry. The proposed business requires key aspects, like capital, human resource, cost planning, risk management, etc. The proposed business will be based on a forecasted cost behaviour of 5 years from now. Key cost components could include variable cost, fixed cost, mixed cost, etc. Introduction requirement of the assignment: Provide a suitable name of your proposed business. Mention clearly the capital required (debt /equity) for the proposed business. Also clearly state the type of industry targeted in your business plan. ref 4. tore in Task 4: Calculate and project various cost components, reflecting cost, volume and profit components of your chosen firm. (LO 7.3) Case Scenario: You are planning to open a new business in Oman. The proposed business could be a sole trade or partnership form of business. The firm should be based in a service industry. The proposed business requires key aspects, like capital, human resource, cost planning, risk management, etc. The proposed business will be based on a forecasted cost behaviour of 5 years from now. Key cost components could include variable cost, fixed cost, mixed cost, etc. Introduction requirement of the assignment: Provide a suitable name of your proposed business. Mention clearly the capital required (debt /equity) for the proposed business. Also clearly state the type of industry targeted in your business plan. ref 4. tore in Task 4: Calculate and project various cost components, reflecting cost, volume and profit components of your chosen firm. (LO 7.3)