Question: ok do exercise 2 only. but if theres a chance to do 1 too do both if u can. but i want excercise 2 if

ok do exercise 2 only. but if theres a chance to

ok do exercise 2 only. but if theres a chance to do 1 too do both if u can. but i want excercise 2 if i only have to choose one

ACTIVITY 3 ENTREPRENEURSHIP AND BUSINESS OPPORTUNITIES Exercise I CLASSIFICATION Business Objectives Functions of Business Business Stakeholders Exercise II Short Case Mary Buendia had always wanted to operate her small business. She decided to open a European restaurant. She knew that nowadays business faces competition in the catering industry and that her profit might be affected. However she believed in her capacity and her business to cope up with the challenges. 1. What is meant by competition? 2. How could her business make higher profit? 3. Outline three challenges that Mary should consider and face as an entrepreneur. Challenge 1: Challenge 2: Challenge 3: 4. If you are Mary in the case, how would you make sure that business is heading towards growth

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