Mr john oka runs a bakery in kiambu town and has employed three members of staff to
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Question:
Customers have complained that mr John oka only bakes bread of one size, he does not bake scones or cakes and his output does not meet the demand. Competitors have taken note of this product lines. Mr John okas business has started to record lower sales and reduced profits.
Required:
A) Explain five reasons for the reduced sales volume and profit of John Okas business.
B) Highlight five strategies that Mr John Oka may implement to cope with competition to improve the performance of his business.
C) Describe five benefits that may accrue to an entrepreneur from competition.
Related Book For
Financial Accounting and Reporting
ISBN: 978-0273744443
14th Edition
Authors: Barry Elliott, Jamie Elliott
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