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MGT211 GDB Solution & Discussion Last Date: December 04, 2014.

MGT211 - Introduction To Business Graded Discussion Board GDB 1 Solution Fall 2014 of Virtual University (VU)

Graded Discussion Board

INTRODUCTION TO BUSINESS (MGT211)

 

Dear Students!

This is to inform that Graded Discussion Board (GDB) No. 01 will be opened on December 02, 2014 for discussion and last date for posting your discussion will be December 04, 2014.

 

Topic/Area for Discussion

 “Success and Failure of Business”

 

This Graded Discussion Board will cover from first 14 lessons.

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Replies to This Discussion

Please Discuss here about this GDB.Thanks

Our main purpose here discussion not just Solution

We are here with you hands in hands to facilitate your learning and do not appreciate the idea of copying or replicating solutions.

nice sharing.

Nice sharing,thank uh sis

Objective of GDB

The basic objective of this discussion is to make students familiar with what are the causes of success or failure of business

Learning Outcomes

After attempting this GDB students will be able to:

  • analyze the limitations of business before it going to dissolve
  • run their business in a competitive environment

Scenario:

Mr. Akram started a business of Furniture, for this purpose he hired a shop in a market. He also employed two people from his family for other business activities. After five months he realized that he was not earning even normal profit and his business was not successful as he expected. Finally he had to close his business. After this he started to find out the causes of its failure. 
Point of Discussion:

Consider yourself as Mr. Akram and discuss the possible causes of failure (any five) in business.

Marking scheme: Each point contains 1 mark

Dear Students Don’t wait for solution post your problems here and discuss ... after discussion a perfect solution will come in a result. So, Start it now, replies here give your comments according to your knowledge and understandings....

jo ans hain vo thakrebn thek hain but dificult

Ans

  • Lack of experience
  • Insufficient capital (money)
  • Poor location
  • Poor inventory management
  • Over-investment in fixed assets
  • Poor credit arrangements
  • Personal use of business funds
  • Unexpected growth

GDB#1 (MGT211)
1. Hired not qualified & lack knowledge employees regarding specific business.
2. Lack of market knowledge & market demands.
3. Lack of market experience in the specific field.
4. Lack of understand customer's demands & requirements.
5. To hire the relatives, because it will be hard to give punishment & can't
force due to some limitations. As well as the employees will be more flexible &
relaxed while working.
6. Depending & Trust on the employees based on some relation.

i think 5 point should be 

1. unlimited liability 

2. lack of competence 

3. lack of reliable persons 

4. lack of experiance 

5. limited growth 

 think possible causes of failure (any five) in business are 

1. Shortage of Information about furniture market.

2. Shortage of Information about customer demand. 

3. Quality of the product not according to market demand.


4. Less experience in relevant  field.


5. Slow Production Process

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