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Solution for (Spring 2016 _ MGT211_GDB_1 (Due Date 17-05-2016)

MGT211 – Introduction to Business

Objective

To make the students familiar with the basic concept of the scope of business.

Learning outcome of the activity

After this activity, students will be able to take better decision while initiating a new business.

Case study

Mr. Ali is a Government officer by profession and worked for 20 years in income tax department in Lahore. Through his contacts with certain business people and research, he came to know the rising trends of business in Pakistan. He searched different business ideas and found that there is a huge opportunity of starting poultry farm business due to the increased demand of chicken in the market.  He has enough capital to start the business but is lacking the business skills. He has never engaged in any business earlier and doesn’t have a slight idea of how to start a business. He has gathered information about franchising of a well-known poultry business in order to reduce the chances of failure and got guidance from the franchisers in all affairs of the business. The overall cost of franchising is too high and he will have to give a proportionate profit to franchiser every year which reduces the attractiveness of this business for him. Moreover, one of his friends who has previously worked in agri-business sector, is also willing to start the same business but has not enough capital. He had many discussions with Mr. Ali and offered him to become a partner. Mr. Ali is reluctant to partnership as there are no effective regulations to control the partnership activities.

Requirement

 Looking into the above scenario, which mode of business you would suggest Mr. Ali to go for? Whether to start the new business solely or opt for a partnership or franchise? Justify your answer with logical reasons.

Important:

Grace period of extra 24 hours after the due date is usually available to overcome uploading difficulties. This extra time should only be used to meet the emergencies and above mentioned due dates should always be treated as final to avoid any inconvenience.

Important Instructions:

  • Take help from internet for collecting the information.
  • Carefully watch relevant lectures and consult the relevant material from handouts along with recommended books.
  • Attempt the assignment by yourself and it will be entertained positively.

Other Important Instructions:

Deadline:

  • Make sure to upload the solution file before the due date on VULMS.
  • Any submission made via email after the due date will not be accepted.

Formatting guidelines:

  • Use the font style “Times New Roman” or “Arial” and font size “12”.
  • It is advised to compose your document in MS-Word format.
  • You may also compose your assignment in Open Office format.
  • Use black and blue font colors only.

 

Referencing Guidelines:

Rules for Marking

Please note that your assignment will not be graded or graded as Zero (0), if:

  • It is submitted after the due date.
  • The file you uploaded does not open or is corrupt.
  • It is in any format other than MS-Word or Open Office; e.g. Excel, PowerPoint, PDF etc.
  • It is cheated or copied from other students, internet, books, journals etc.

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Kindly post this discussion in relevant group
http://vustudents.ning.com/group/mgt211introductiontobusiness
nexy time post will b removed from main forum

noted, will take care in future, new comer not aware how to use this forum.

Discussion already posted in subject grp.

which grp?

http://vustudents.ning.com/group/mgt211introductiontobusiness here

Please upload your queries here. 

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