Instructions: You have to answer three (3) questions from #s1-5. This means that you are expected to

I NEED THIS DONE BY 7:00 PM TODAY


Instructions: You have to answer three (3) questions from #s1-5. This means that you are expected to provide detailed answers to these questions.

Ques # 1: Small businesses frequently look for opportunities to expand their business operations. One way in which they do so is by going global. Discuss the issues that small businesses must consider when deciding to go global. Also, describe the steps involved in entering the global market.

Ques # 2: It has been suggested that business plans are essential to any small business being successful. What is a business plan? Identify its components and discuss the important issues that help a business plan to be successful.

Ques # 3: One of the major challenges confronting small businesses is the need to generate capital in order to be successful. In doing so, what options regarding to small business owners? Evaluate these options and determine which are most appropriate.

Ques # 4: Why is it important for small businesses to define their target markets as part of their marketing strategy? What are some of the tools that these business owners can use to reach these target markets?

Ques # 5: Pricing is important to a firm seeking to enter a market. Describe how pricing strategies may affect the image of a small business. What competitive factors must such a firm consider when setting prices?