This business/management problem is solved step by step below, with detailed explanations to help you understand the method and arrive at the correct answer.
ScanSolve AI Answer
Here are the direct answers for the Entrepreneurship task: a) The most appropriate business for Sarah, given the location surrounded by schools and universities, is a: • Restaurant b) i) Possible alternatives for raising additional funds: • Bank loans • Microfinance institutions • Venture capital • Partnerships • Crowdfunding b) ii) Key categories for budgeting funds: • Startup costs (e.g., rent, renovations, equipment, licenses) • Working capital (e.g., initial inventory, staff salaries, utilities) • Marketing and promotion • Contingency fund c) Other forms through which Sarah can save her earnings, besides a bank savings account: • Fixed deposit accounts • Investment in treasury bills or bonds • Unit trusts or mutual funds • Reinvesting profits back into the business • SACCOs (Savings and Credit Cooperative Organizations) That's 2 down. 3 left today — send the next one.