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balu736 [363]
2 years ago
14

How does analytical skills help to solve problems​

Business
1 answer:
stiks02 [169]2 years ago
3 0

Answer:

■ how does analytical skills help to solve problems

➢ Analytical skills

The ability <u>to examine information or a situation in </u><u>detail</u> in order to identify key or important elements, their strengths and weaknesses and use these to compile a persuasive argument, make recommendations or solve a problem.

TextFromYourMrEx

#CarryOnLearning

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5. Do a SWOT analysis for the business idea you chose in question 2 above. Describe at least 2 strengths, 2 weaknesses, 2 opport
Ulleksa [173]

PART I

Answer:

The business idea is that of a Bakery that specializes in pastry that is mixed with fruits.

Explanation:

SWOT

Strengths

  • Unique Value Proposition which is healthier bread and cake recipes
  • 20 years experience in baking which translates to strong industry  knowledge

Weaknesses

  • Insufficient Equipment to go with
  • Weak or zero visibility for new business

Opportunities

  • Little or no competition as the recipes are unique to me
  • Huge demand for healthier pastry especially in my current location

Threats

  • The industry is heavily regulated and may be shut down if there are compliance issues
  • One competition that knows what they are doing and combines pastry with healthy drinks such as smoothies. We don't do smoothies.

Part II

Answer:

The persons I would give the business plan to are:

  • My family
  • An angel investor who I met on LinkedIn who supports small businesses and start-ups
  • My banker of over 20 years

  1. I would give the business plan to my family members because they are the easiest people to raise funds from and also because family, can decide to contribute in cash or in-kind with no interest required.
  2. I would give the business plan to an angel investor because their funds are cheaper than those of the banks though a little more difficult to come by
  3. Banks always have the funds but the funds come at a higher cost than the first two.

Cheers

8 0
3 years ago
The amount of time from one credit card bill to the next is called the _.
BARSIC [14]
Grace period is the answer aka c
5 0
3 years ago
To promote economic growth countries would most likely act so that inflation
kipiarov [429]
To promote economic growth, countries would most likely act so that inflation : Remain at low level.

High inflation could potentially rise the average prices of the products within the country. In order to grow, people have to able to sustain a strong financial condition, so a condition where average prices is low is far more favourable.

hope this helps
4 0
3 years ago
Which definition best defines a​ leader?
Vlada [557]
Hello there!

I would personally say b. <span>someone with managerial authority who has the ability to influence others

Brady
</span>
8 0
3 years ago
Explain the relationship between the operations management goals of ""efficiency"" and ""effectiveness.""
professor190 [17]

Answer:

→Being efficient implies the system is operating the 'right' way.

    The relationship between effectiveness and efficiency is that effectiveness is a measure of 'goodness' of output,

→while efficiency is a measure of the resources required to achieve the output.

Explanation:

3 0
2 years ago
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