Question: PLEASE ANSWER QUESTION 3 ONLY Sales volume is argued to be a key factor in whether a business becomes a sustainable enterprise With this in
PLEASE ANSWER QUESTION 3 ONLY
Sales volume is argued to be a key factor in whether a business becomes a sustainable enterprise With this in mind, conduct a viability study for the production of ice to be sold in plastic packs in your immediate and surrounding area, demonstrating whether this idea may lead to viable enterprise. Question 2 (20 marks) Given the viability of the proposed venture in question 1), craft a business plan that amongst other things, will help you manage your business and help you to source financing for it. Question 3 (10 marks) Maintaining the correct inventory levels is noted as one of the biggest challenges facing manufacturing/production by discussing the control proccess Given that the production of ice is not immune to such a challenge, discuss a control (establishing performance standards, measuring actual performance, comparing measured performance against established standards, and taking corrective action.) process that will help you ensure that the inventory levels required for the operation discussed in question 1) are kept at the correct level.
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