Principal of business
PROJECT TITLE- PRODUCTION
NAME OF STUDENT –Lyann pond
NAME OF TEACHER-
SCHOOL-Dominica grammar school
DATE DUE- July 6
• DESCRIPTION OF BUSINESS
• JUSTIFCATION OF LOCATION
• SELECTION OF APPROPRIATE LABOUR
• SOURCES OF FIXED AND WOKING CAPITAL
• ROLE OF ENTRUPRENUR
• TYPE OF PRODUCTION
• LEVEL OF PRODUCTION
• QUALITY CONTROL MEASURES
• USE OF TECHONOLGY
• POTENTIAL FOR GROWTH
• GOVERNMENT REGULATIONS
• ETHICAL ISSUES.
DESCRIPTION OF THE BUSINESS
Chocolate Delight is a Sole Trader business founded by Lyann Pond in order to provide the students of the Dominica Grammar School with a wide range of delicious chocolate pastries. The main purpose of the company is to “satisfy every chocolate craving” of the students no matter how big or small it may be. As you may or may not know, Chocolate is the number one desert requested in the world. That’s where Chocolate Delight comes in, the sole proprietor seeks to manufacture a wide range of chocolate snacks such as chocolate cake, chocolate cookies, chocolate buns, chocolate scones, chocolate bread, chocolate pies and many others to sold during the starting of school, the lunch period and at the end of the school period of the day.
Justification of location
Chocolate delight will be located at valley road Roseau Dominica. In the new wing of the DOMINICA GRAMMAR SCHOOL. It is located there because it is close to the main road and supplies are easily delivered. Infrastructural services exist such as roads, electricity etc. It is also close to the consumer, large enough for the business and is close to hard ware’s which retailers for the business are.
Selection of appropriate labor.
Chocolate delight has approximately 6 workers. The business has 2 skilled worker, 2 semi skilled workers and 2 unskilled workers. The semi skilled workers are as follows; 2 semi skilled workers, who will be managing the sales clerk position and the cashier, the unskilled, are 2 janitors who will clean the business area and 2 skilled workers which is the manager along with the producer. The reason for choosing this labor force is because it is suitable for this business.
Sources of fixed and working capital.
Fixed capitals are machinery and other things in the business that long life which are used over and over in the production of goods and services in the business. Fixed capital in this business are the building, machinery and other equipments. The building is used for or to facilitate the machinery and workers to produce the goods. Machinery is used to help create a finished product of the chocolate goods. Working capital is defined as raw material, money and other items that are used up in the day to day running of the business or the goods that are constantly being used up in the business in the daily operations. E.G money, sugar, butter.
Role of the entrepreneur.
CHOCOLATE DELIGHT is owned by lyann pond.
An entrepreneur is a person who organizes and manages a business undertaking, assuming the risk for the sake of profit. An entrepreneur: Sees an opportunity. Makes a plan. Starts the business. Manages the business. Receives the profits. THREE ROLES OF THESE PERSONEL ARE:
To make the necessary changes to help the business to expand both internally and externally. They are risk takers
Takes the risk of losing investment s if business fails
Type of production.
CHOCOLATE DELIGHT is involved in is secondary production.
Secondary production is where raw materials are extracted from the earth and is made into a finished good. We are involved in this type of production because we obtain materials from other businesses and create the chocolate products therefore we are involved in secondary production.
Levels of production.
CHOCOLATE DELIGHT is involved in the domestic level of production. Domestic production means everything is produced locally i.e., the...
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