FROM CLASS ACTIVITIES, HOMEWORK, AND QUIZZES QUESTIONS IN LUCTURER’S CLASS. FOR GROUP: E1 & E2

FROM CLASS ACTIVITIES,

HOMEWORK, AND QUIZZES QUESTIONS

IN LUCTURER’S CLASS.

FOR GROUP: E1 & E2

REVIEW FOR MID-TERM EXAM ENB202

COMPREHENSIVE QUESTIONS AND COMPREHENSIVE

ANSWERINGS OF CHAPTER TWO.

CHAPTER ONE: THE FINANCE

COMPREHENSIVE QUESTIONS

- What is primary market andsecondary market? Describe the transaction in each market.

•Primary market is referred to the original sale of securities by government and corporations. The transition of this market is to raise fund for corporation including public offering and private placement.

•Secondary market are those in which securities are bought and sold after sale. The transition is depend on dealer market and auction market.

COMPREHENSIVE ANSWERS


What is security? What is bond?

• Security: investment in a company or in government debt which can be traded on the financial markets and which produces an income for the investor (= someone giving money hoping to get more back).

• Bonds: an official paper given by the government or a company to show that you have lent them money that they will pay back to you at an interest rate that does not change.


It is said that without financial

planning, a business operation

will be stuck. Explain.


It is said that without financial planning, a business operation will be stuck. Surely, without appropriating financial planning, business owner would have no idea what to do and where they want to go. They need to ensure that there is enough funding is available at the right time to meet the needs of the business including short term and long term.

• In the short term, funding may be needed to invest in equipment and stocks, employees payment, and other operations.

• In the medium and long term, funding may be required for significant additions to the business expansion including product development or markets development.


Explain how financial health of

an organization affects its potential

growth. Explain.


Financial health refers to the strength of a business in term of capital resource. Having a good capital resource reflecting having a good cash flow. Cash flow is the lifeblood of every business. Current estimates indicate that 90 per cent of business failure are the result of poor cash flow and debt management practice. Without enough cash for an operation, the business would find no way to develop their businesses. Financial health can help business to develop a new product or new market. Similarly, financial health also can help business to do more investment or reinvestment on equipment, human resource, and other businesses. When the business is growing, it is necessary to secure or to have enough financial support.


One of the goals of financial

management is to maximize sales and

market share. Explain.


There are many reasons that business owners try to manage their finance securities in their business. However, the most significant reason is to maximize sale and market share. Every business sector tries to show out that they have enough capital or potential growth in order to attract people to invest their money in the form of buying stock or bond. Through this form, the business can increase their price of share and also issue more stock or bond in order to raise fund from public as well as private. As the result, businesses can meet their objectives by using those sufficiency assets from earning.



ANSWERINGS OF CHAPTER TWO.

CHAPTER TWO: RECRUITMENT

When Job Vacancies take place or Occur in

an organization?


It is rare that a business of any size operates for long withouthaving to recruit or remove employees. For example, considerwhy a business might need to recruit staff:

• Business expansion due to▫ Increasing sales of existing products▫ Developing new products▫ Entering new markets

• Existing employees leave:▫ To work with competitors or other local employers▫ Due to factors such as retirement, sick leave, maternity leave ( give birth)

• Business needs employees with new skills

• Business is relocating – and not all of existing workforce want to move to new location.



Identify a few advantages and disadvantages of Internal Recruitment. Explain each advantage and disadvantage.

Advantages Disadvantages

Internal

Recruitment

Cheaper and quicker to recruit Limits the number of potential applicants

People already familiar with the business and how it operates

No new ideas can be introduced from outside

Provides opportunities for promotion with in the business – can be motivating

May cause resentment amongst candidates not appointed

Business already knows the strengths and weaknesses of candidates

Creates another vacancy which needs to be filled


Identify a few advantages and disadvantages of External Recruitment. Explain each

advantage and disadvantage.


Advantages Disadvantages

External Recruitment

Outside people bring in new ideas

Longer process

Larger pool of workers from which to find the best candidate

More expensive process due to advertising and interviews required

People have a wider range of experience

Selection process may not be effective enough to reveal the best candidate



ANSWERINGS OF CHAPTER THREE

CHAPTER THREE: COUNTERFEITNG

• What is Dumping Product?

• What is Copying Product?

• What is Fake Product?


• Dumping product refers to product which is sale in foreign country with cheaper price than selling in home country.

• Copying product refers to product in which counterfeiters try imitator or copy a genuine product for their own business.

• Fake product refers to product in which the counterfeiters produce a product which has really similar to the original or genuine product?


How Counterfeit Products Affect

Consumers, Business, and

Economy?


• Counterfeiting product can make a seriously affect to consumers, business, and economy as below:▫ Consumers: health, money, dissatisfaction,

value, and so on.

▫ Business: loss revenue, loss trust or loyalty from customers, spend money to fight against piracy, reduce employees, stop conducting market research, and so on.

▫ Economy: loss tax, environmental issue, lose trust from investors, and loss export or import.



ANSWERINGS OF CHAPTER THREE

CHAPTER FOUR: THE MARKETS

What is the difference

between sales and marketing?


Sales: Trying to get the customer to want and need what the company produces.

Marketing: Trying to get the company produce what the customer wants and need.


What is Marketing? What is market? How many definitions can

you make for this term?


Marketing is one of business functions that increases sales, informs and persuades customers to buy products/services in order to meet the needs/wants of those customers and also reach a business’s goals.

Markets refer to the process of bringing sellers and buyers to meet each others in the purpose of exchanging products and services. Markets can be visible and invisible markets.

Definitions can be defined according to this different types of markets which they are used.


Explain when a demand of a product increases? And when it decreases?


A demand of a product increases when there is less supply or when the price of a product is low. Moreover, there are some factors which cause this such as consumer income, price of related goods, quality of products, and number of buyers. In contrast, the reasons that decrease in demand are vice versa.


From your view, should a product be produced before a

market research is done or should a market research is done before a

product is produced. Explain.


From my view, a market research should be done before a product is produced. Market research can help business owners to know what are the products which are needed by customers. By doing so, business owners would not produce products which is less needed or less demanded from customers. Market research also can help business owners to identify the new products that should be launched into a market. In contrast, if a product is produced before doing a market research, the business owners would experience a big loses in sale as the products are not a needs and a wants of customers.


Explain how a performance of a product, customer’s expectation, and customer’s satisfaction are

related to one another?


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•The relationship between performance of a product, customer’s expectation, and customer’s satisfaction which will highlight as below:

•Satisfaction - Based on a comparison of performance and expectations.

▫Performance > Expectations => Satisfaction

▫Performance < Expectations => Dissatisfaction


WISH YOU GOOD LUCK WITH YOUR MID-TERM EXAM

THE END OF PRESENTING

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FROM CLASS ACTIVITIES, HOMEWORK, AND QUIZZES QUESTIONS IN LUCTURER’S CLASS. FOR GROUP: E1 & E2