Entrepreneurship and Leadership

Choose an entrepreneurship for a product of your preference and complete the following questions: For Marketing: How to motivate the consumer to acquire the product? What type of marketing would you apply for this product in the city of Ambato? Write an specific example. For Human Resources: Describe the step by step process to hire somebody to work for your entrepreneurship. (Remember to use the entrepreneurship as reference to the hiring process.

For the exercises below, create the double-entry system according to the accounts involved. Think carefully and analyze each exercise. 1. John is the owner of a fast food restaurant. He buys $50 of potatoes from his supplier. What are the accounts involved? (Use the double-entry system) 2. Peter is the owner of a furniture store. He sales $1200 worth of furniture to a customer. What are the accounts involved? (Use the double-entry system) 3. Mary is the owner of a toy store. She has a loan from the bank. The amount of the loan is $3000. This month Mary pays $200 for the monthly fee to the bank. What are the accounts involved? (Use the double-entry system) 4. Anna is the owner of a pizza restaurant. She uses her personal savings ($4500) to buy an oven. What are the accounts involved? (Use the double-entry system) 5. David is the owner of a sandwich shop. He uses the money from the business ($2500) to buy a new refrigerator. What are the accounts involved? (Use the double-entry system) 6...

Create a production procedure for a product. Choose a product, something that you know how to make and create a production procedure (step-by-step list) for it, remember the procedure must be in detailed. Also, you will create a list of all the materials or ingredients, machinery, equipment that you need.

 From the following data, choose the correct graph to represent the data. 1. This information belongs to the monthly sales of laptops from a local business called PC Richards. 2. This information belongs to the range of ages from customers of the local business called Toy's R us. 3. This information belongs to the sales of the first semester of the local bakery. 4. This information belongs to the inventory of a local shoe store called Famous Feet. 5. The following information belongs to the sales of the first semester of the year for diapers in the local store Diaper land. 6. This information belongs to the sales of the second semester of the year for pencils in the local store Pencil Fan.

Variations in asset accounts : On the basis of the double-entry principle, any increase in an account - considered as an asset - must be registered on the debit, on the other hand, when it means a decrease, it but be registered of the credit. In the example of pizza restaurant, the purchase of an oven, the account involved could be equipment, since it's classified as an active it increases it value and it is registered in the debit ($5500). If in the future the oven was sold, it means a decrease in the asset account and an amount in the credit. Variations in the liability accounts: In what has to do with the accounts grouped under the framework concept of liabilities, considering again the double-entry principle, all increases in in these financial accounts must be registered in the credit, while the decreases in the debit. In the example of a shoe store, when a payment is done to a financial institution for a credit, this decreases the loan it must be registered in the debit from ...

  Operational Plan. Functional Areas. Organizational Structure.   An entrepreneurship usually has four basic areas to make it work, which are: marketing, production, finances and human resources. At the beginning of an entrepreneurship, these functions tend to be fulfilled by the entrepreneur.    Areas of Management In the majority of cases, the functional areas of a new business tend to be related with the areas of marketing, finances, production and human resources. At the beginning these functions can be directed in the same place and by the same person (the entrepreneur). Therefore, for the good performance of the business, the entrepreneur must have knowledge of both, the productive part of the good or service as well as the area of marketing, finance and human resources.   Production The production area is the space from where the good or service is generated. For its operation, it requires the technical indications of the procedures to follow, plus the av...

  Graphical representation of data   The use of graphs and the interpretation of statistical measures are sources that the entrepreneur can use to analyze the behavior of the forces that explain how the market works. This is called supply and demand.   Traditional Graphs used to present results The most common graphs used to expose the results obtained from a market research are pie chart, trend chart and frequency histogram.  Pie chart This graph is used to show the participation of the different elements that integrate the behavior of a variable. For example, if it has been known that 56% of the possible consumers are male and the 44% left are female. Trend chart The trend chart can help the entrepreneur to visualize the historical behavior of a variable. For example, this graph can be used if the sales of a product are known. The following graph shows the monthly sales of goods and services for a year. Frequency histogram This is a graph of vertical bars in which,...