Business management

Task 1a.Who is an Entrepreneur

b.What are the advantages and disadvantages of being an Entrepreneur?

c.Define PESTEL, List ways in which it can be useful to an Entrepreneur?

Task 2
a.Define Globalisation, List ways in which Globalisation can impact a business? Discuss 1 positive and 1 negative impact.

b.Mention a new technological innovation and how this can be implemented in an organization.

Task 3
a.Who is a customer; briefly identify 3 types of customers. Why is it important for a business to understand its customers?

b.Describe TWO ways in which you might attract more customers to your business.

Task 4
a.What is the role of ethics in business?
b.With examples from other businesses, describe how your business can treat its staff ethically.