Question

Vrite an "example" of INFORMATION, make your own business proposal and calculate your daily, monthly income? 1. [KN2 Marks 5] Answer

Answer 1

Hey, I didn't actually understand what you asked for, but i will try to answer the terms and proposal according to the business terminology.

As far as my knowledge is concerned INFORMATION in the business etymology means the processed form of data is called as information. Data is considered to be the least available source and when it is processed we get information and with the use of information we can take business decisions.

And coming to the business proposal, it can be defined as a formal letter which is written by the business concern (buyer) to the seller (client) for any sort of business dealings.

I have just provided a sample format from an outside source so that you can understand it better

For example a business proposal looks like: (source pinterest)

Business Proposal Template (Max 5 Pages) This is a template for your business proposal. We expect you to submit a document in your own style, reflecting the values of the idea, using images, research and any thing else that support your application We do not expect that you will be able to answer all the questions - but you will need to demonstrate that you have thought through the different dimensions of your business idea and how you can make it a success The overall evaluation of your proposal will address whether your application demonstrates a unique business idea that is clearly articulated and understood as a commercial product/service with a clear Introduction 1 Page A short background to your project and where your ideas have been generated. Also a summary of the key points from your business plan capturing the main arguments behind your application. Product and Services Selection criteria: Clearly designed product and services with characteristics that are demonstrated to be unique and/or offer a clear value to potential customers. Analysis of Your Market 1 Page Selection criteria: A clearly definediquantified high value market with few competitors - a clear understanding of target clients and how to reach them. Description of market (location/size and value quantified where possible) .Description of how you will reach your potential customers in terms of marketing promotion and delivery of your product or service Business Development Strategy 1 Page Selection criteria: A clearly articulated business development strategy that provides the overall framework for your POC project and that will deliver success for your business idea. What are the strengths/opportunities of your business. . What are the external opportunites and risks that exist for your product/service .What are your strategic themes and priorities for future business development Your strengths can support the opportunities? Your strengths can respond to your threats? Your weaknesses might affect your ability to respond to opportunities? What might happen when you put your weaknesses and threats together?

And i will make a hypothetical example for the income calculation you've asked.

For example our turnover for the business is $500,000 (say)

And After taxes and expenses let us say we get and income of $50,000

So per year we get a profit of $48,000

So for 1 month income = $48,000 / 12 = $4,000

So per day (take business days of 28 per month) = $4,000 / 28 =$142.85