University of South Florida Liability of Anwar Coffee Shop Business Case Study

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Nyzhmnuzv

Business Finance

University of South Florida

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I attached here 2 assignment

in the final assignment I want you answer all the assignment

in the assignment 2 I want you to answer only question 1 and 5

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NIZWA COLLEGE OF TECHNOLOGY BUSINESS STUDIES DEPARTMENT SEMESTER -2 / ACADEMIC YEAR 2019-2020 FINAL EXAM (ASSIGNMENT) COURSE CODE BAMG1100 COURSE NAME LEVEL TUTOR(S) SECTION(S) DURATION: INTRODUCTION TO BUSINESS DIPLOMA Dr.V.Vishnukanth Rao, Dr.David, Mr.Ramesh, Ms.Aminah 1-6 START END MARKS BREAK UP: No. of Questions 1 2 3 4 5 TOTAL MARKS INSTRUCTIONS: DATE 13th May 2020 15th May 2020 TIME 9:00AM 8:00AM Marks for Each Question 10 marks 10 marks 10 marks 10 marks 10 marks 50 marks a. All the Questions (05 number of Questions in this (Assignment) are compulsory and hence all must be answered. (Each question carries 10 marks). b. Each question should be written in Minimum 150 words and Maximum 300 words c Typography: i. Font style ii. Font size iii. Line spacing iv. Paper size : Times New Roman : 12 : 1.5 : A4 Size d. Assignment can be uploaded in the Moodle only once, so please check your answers before uploading them. The teacher will not delete any assignment for any student to upload them again. 1) The Final Assignment will be available in Moodle at 9:00 am on the date of examination. 2) This is an open resource examination; there are (04) pages (including instruction pages). Students are allowed to refer any digital materials (Internet, Proquest, Masader, and OER) with proper referencing and citation for each answers. 3) Students has to answer the questions typewritten in the word (.docx) format. Figures / Diagrams, equations and solving of problems can be written by hand and added to the document as a picture/image. 4) Save the assignment file using the student ID & Course code.[ Eg : 22s1234 – BAMG1100] 1 5. Students should submit the answers through the turnitin link provided in moodle page. If any problem occurs, send it to the respective staff email [Email address, aminah.abdrazak@nct.edu.om david.rathnasingh@nct.edu.om ramesh.krishna@nct.edu.om vishnukanth.rao@nct.edu.om 6) Students are encouraged to upload the answers in the moodle at least two hours before the deadline to avoid any technical issues. 7) In case of any technical problem in opening or submitting your assignment please contact your course tutor through email and copy the Department Head 8) Any form of cheating is punishable. Students involved in cheating will be treated according to the Plagiarism and Academic Integrity Policies. 9) Students are advised to write the answers in their own words. Based on the plagiarism policy and the department approved similarity level, the marks will be deducted for the plagiarized [Copied] answers. 10) Students should complete their assignment within the given time. Assignments submitted after the deadline will be marked 0. ACADEMIC INTEGRITY & PLAGIARISM POLICY: The student should be ready to prove the authenticity of the work done. If any form of plagiarism/reproduction of answers are discovered, student will be awarded zero marks. DECLARATION: I declare that the Final Exam (assignment) submitted is original and acknowledge that I am aware of the NCT’s Integrity and Plagiarism Policies (January 2011) mentioned in moodle, and the disciplinary guidelines and procedures applicable to breaches of such policy and regulations. I AGREE TO THE TERMS AND CONDITIONS: STUDENT NAME STUDENT ID DATE OF SUBMISSION 2 Question 1 (2 x 5 = 10 Marks) Sony is a company that is producing many electronic devices. Recently they found that laptops are sold more in the market and they made a decision to produce laptops. In the year 2012 Sony started producing laptops. As Sony was very good brand people liked the laptops produced by Sony and they started purchasing it. But later in 2013 the customers found that most of the laptops sold by Sony was faulty. There were problems in display screen of the laptop. Many customers had complained about this. The warranty for the laptop was only for six months. So now people who purchased laptops were unhappy and they started disliking the company. They were unhappy because the warranty period was just over and they company was legally not responsible for the free repair of laptops. You have studied stakeholder theory, keeping that in mind answer the following questions: a) Identify any two of the most affected stakeholders of Sony and Explain Why? b) How do you think Sony can improve problem situation? (Note: Answer should be written in minimum 150 words and maximum 300 words) Question 2 (2 x 5 = 10 Marks) Mr. Abdulrahim Abdulrahman Al Balushi opened a small halwa shop in the Barka Souq. Established in 1975 with 7000 RO., the Barka Factory for Omani Halwa shifted to a new bigger place in 1983, and later expanded to open outlets in Sohar, Seeb, Ghubrah, and Muttrah. In 1995 there were four people looking after this business the profits were shared by all four of them equally. They had 3 factories in Oman which is producing Omani Halwa. When the Muscat municipality came to know that there are four people looking after this business. They asked omani halwa makers to follow certain rules in sharing the profit and responsibilities and asked them to sign on a legal document. Later in 2018 the company owns big business allowing them to sell Omani halwa in 72 countries. There are 100,000 very happy shareholders for the company. The company annual profit is close to 90 million RO in 2019.They are exporting to nearly 120 countries in the world. a) Identify any two forms of owner ships that are discussed in the above case explain each with suitable examples. b) Do you think managing a company of 100,000 shareholders is easy? Justify your answer. (Note: Answer should be written in minimum 150 words and maximum 300 words) Question 3 (10 Marks) Gold star is a shoe company producing quality sports shoe in its new factory in Muscat. There were management related problems in the company because there was no proper management chart. The company decided to create an organisation chart to solve the problem. Help the company to design a vertical organisation chart with the following positions.  Salesman 3  Production assistant  Human resources Manger  HR assistant  Production Manager  Marketing and Finance Manager  Marketing Assitant  Advertising Assitant  Purchasing assistant  General Manager Question 4 (2 x 5 = 10 Marks) Honda and Toyota are two very popular car companies in Oman. The prices of Toyota corolla and Honda civic are almost same. Honda civic 2019 model is 6750 RO and Corolla 2019 model is 6700 RO. The customers using Honda say that they are very comfortable in their car trips. There is no noise inside the car while travelling, which made the users very happy. Toyota users said the cost of services of Toyota is very less compared to Honda civic. Every 5000 kilometres service cost of Honda was 25 RO whereas the Toyota services for the same 5000 kilometres was 12 RO. The users Toyota agreed that the space inside the car was less compared to Honda civic. The spare parts of Honda were costly at the same time Toyota was cheap. But the life time of spare parts of Honda was long compared to Toyota. Questions. a) From the above case Identify any two competitive advantage of Honda in the Market. b) How do you think Toyota should improve their product in these identified areas so that they can sell more cars in Oman? (Note: Answer should be written in minimum 150 words and maximum 300 words) Question 5 (10 Marks) There is shoe maker called Salim. He made shoes as it was a known job for him, people used to come to his shop to choose a shoe they like and buy. But he was selling shoes at 2 to 3 RO per pair. He used to sell 50 to 60pairs of shoe per day. Salim never asked his customers if they are happy about the price of the product whether shoes purchased were comfortable etc. There limited type of selection available. Salim produced shoes regularly just to sell at lower price. Hamood a graduate from a college he understood that there is good shoe market opportunity in Nizwa. He opened a shoe selling shop. He divided the shoes in to different types there were formal shoes casual shoes, shoes for men, shoes for women, shoes for running hiking etc. The price shoes were between 15 to 20 RO per pair. Hamood understood customer needs always collected feedback from people and tried to make his customers happy. From marketing perspective a) Identify the outside in concept from the above case with proper justification. b) Discuss the inside out concept from the above case with proper justification. c) Form the above two concepts which is better? Why? (3 Marks) (3 marks) (4 marks) 4 NIZWA COLLEGE OF TECHNOLOGY BUSINESS STUDIES DEPARTMENT SEMESTER -2 / ACADEMIC YEAR 2019-2020 FINAL EXAM (ASSIGNMENT) COURSE CODE BAMG1100 COURSE NAME LEVEL TUTOR(S) SECTION(S) DURATION: INTRODUCTION TO BUSINESS DIPLOMA Dr.V.Vishnukanth Rao, Dr.David, Mr.Ramesh, Ms.Aminah 1-6 START END MARKS BREAK UP: No. of Questions 1 2 3 4 5 TOTAL MARKS INSTRUCTIONS: DATE 13th May 2020 15th May 2020 TIME 9:00AM 8:00AM Marks for Each Question 10 marks 10 marks 10 marks 10 marks 10 marks 50 marks a. All the Questions (05 number of Questions in this (Assignment) are compulsory and hence all must be answered. (Each question carries 10 marks). b. Each question should be written in Minimum 150 words and Maximum 300 words c Typography: i. Font style ii. Font size iii. Line spacing iv. Paper size : Times New Roman : 12 : 1.5 : A4 Size d. Assignment can be uploaded in the Moodle only once, so please check your answers before uploading them. The teacher will not delete any assignment for any student to upload them again. 1) The Final Assignment will be available in Moodle at 9:00 am on the date of examination. 2) This is an open resource examination; there are (04) pages (including instruction pages). Students are allowed to refer any digital materials (Internet, Proquest, Masader, and OER) with proper referencing and citation for each answers. 3) Students has to answer the questions typewritten in the word (.docx) format. Figures / Diagrams, equations and solving of problems can be written by hand and added to the document as a picture/image. 4) Save the assignment file using the student ID & Course code.[ Eg : 22s1234 – BAMG1100] 1 5. Students should submit the answers through the turnitin link provided in moodle page. If any problem occurs, send it to the respective staff email [Email address, aminah.abdrazak@nct.edu.om david.rathnasingh@nct.edu.om ramesh.krishna@nct.edu.om vishnukanth.rao@nct.edu.om 6) Students are encouraged to upload the answers in the moodle at least two hours before the deadline to avoid any technical issues. 7) In case of any technical problem in opening or submitting your assignment please contact your course tutor through email and copy the Department Head 8) Any form of cheating is punishable. Students involved in cheating will be treated according to the Plagiarism and Academic Integrity Policies. 9) Students are advised to write the answers in their own words. Based on the plagiarism policy and the department approved similarity level, the marks will be deducted for the plagiarized [Copied] answers. 10) Students should complete their assignment within the given time. Assignments submitted after the deadline will be marked 0. ACADEMIC INTEGRITY & PLAGIARISM POLICY: The student should be ready to prove the authenticity of the work done. If any form of plagiarism/reproduction of answers are discovered, student will be awarded zero marks. DECLARATION: I declare that the Final Exam (assignment) submitted is original and acknowledge that I am aware of the NCT’s Integrity and Plagiarism Policies (January 2011) mentioned in moodle, and the disciplinary guidelines and procedures applicable to breaches of such policy and regulations. I AGREE TO THE TERMS AND CONDITIONS: STUDENT NAME STUDENT ID DATE OF SUBMISSION 2 QUESTION 1 (10 Marks) One of the key criteria to choose a particular legal structure of a business is its treatment of liability. Read the following cases with reference to liability and answer the questions that follow: Al Anwar Coffee Shop: Anwar is a single owner of coffee shop. He is a rich man having two houses, cars and farms. However, to start his coffee shop he took loan of OMR 10,000 from Bank Muscat. Few years after starting of the coffee shop, Anwar was awarded a scholarship to study in London. He wants to close his coffee shop and go to London. But the loan in the bank is still a liability. Al Ameerat LLC This LLC Company was started by 10 members each of them equally contributing OMR 10,000. The total capital of all members was 100,000. They took a business loan of OMR 100,000 from Bank Muscat. After few months, the total company factory and offices met with a major fire accident. All the members of the LLC Company decided to close the company. But there was a business loan in the name of the company for OMR 100,000 a. Describe what is meant by liability in business ( 2 marks) b. Analyse the liability in the case of Al Anwar Coffee shop. (4 marks) c. Analyse the liability in the case of Al Ameerat LLC (4 marks) (Note: Answer should be written in minimum 150 words and maximum 300 words) Question 2 a) Differentiate a sole proprietorship company from a LLC company. Your answer should have minimum 5 differences. ( 10 marks) (Note: Answer should be written in minimum 150 words and maximum 300 words) QUESTION 3 (10 marks) Mohsin Al Ryami and Ahmed Al hadhrami want to start a partnership business. Before starting they want to draft partnership deed. In this context, answer the following questions: a. Why is a partnership Agreements/deed important? Write any two points. (4 marks) b. Describe 6 major points that must be written in a partnership Agreement/deed. (6 marks) 3 QUESTION 4 (10 Marks) Choose any one product from the following category in the market and answer the questions given below:  Galaxy Note 20  Honda Civic Car,  Golden Tulip Hotel,  Badr Al Sama Hospital a. Describe the 4p’s of the product ( 4 marks) b. Describe the market segments of the product ( 3 marks) c. Describe the market positioning for the product ( 3 marks) QUESTION 5 Draw any organizational chart. You may choose from any available source or you could draw one for an imaginary company. And answer the following questions: (10 marks) A. Indicate the top, middle and lower level of management in the organization chart (4 marks) B. Describe the duties and responsibilities of top management of the chosen company (3 marks) C. Describe the duties and responsibilities of lower level/ front line managers of the chosen company. (3 marks) 4
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Explanation & Answer

Attached.

Introduction to business
Question One
a). Liabilities in business are the responsibilities that the company legally as well as its
obligations. The business's responsibilities that make it liable in correlation to litigation. Most
times, they are costly as well as alarming at the same time.
b). The case of Liability of Anwar Coffee shop is a business loan he took to start the business of
OMR 10,000 from the Muscat Bank. The long term liability is in the fact that the loan is yet to be
paid back fully. The outstanding amount that the Coffee shop owes the bank is a liability while
the bank considers it as an asset. If Anwar fails to pay this loan, the bank may seize his assets to
pay for the loan he asked for and settle the debt.
c). The case of liability of the AL Ameerat LLC is in the form of a loan that was taken by the
partners to fund the business they started. All the members are facing the long term liability in
the form of loan repayment interests in addition to settling the total amount of 100000 thousand
that was borrowed from the Bank of Muskat. The partners are all liable to the bank the amount of
100,000 plus the accrued interests involved.

Question Five
General Manager
(Top level)

Sales Manager
(Mid Level)

Human Resource
manager
(Mid Level)

Product manager

Product manager

Technical Manager

(Lower level)

(Lower Level)

(Lower Level)

Sales support
a).

b). The duties of top management are to ensure that;


To supervise the sales manager and set the appropriate targets that need to be met.



Create and come up with new sources of capital for the organization.



Devise new business strategi...


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