Answered

Get the answers you need at Westonci.ca, where our expert community is dedicated to providing you with accurate information. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.

A software company in Munich is organizing a competition, inviting business ideas that
promote the use of smartphone technology to conduct business. You enter your busi-
ness plan, an initiative to involve unemployed teenagers and young adults from local
communities to generate business and employment, and it was so well received that you
were awarded a special prize of €5,000. You plan on using your prize money to imple-
ment your idea.
a. Identify key decisions you need to make, the information you require to make these
key decisions, and the five major business processes you need to engage in.
b. Identify the external parties with whom you would need to exchange information
and specify the information you will receive from these parties and the information
that you will send to these parties.

Sagot :

jayilych4real

Some key decisions you need to make to implement the idea of employment generation for unemployed teenagers and young adults from local communities are:

  • Create a business plan
  • Identify the unemployed teenagers and young adults
  • Make a budget for the €5,000, plus any other finance source you might have
  • Seek the help of a finance manager
  • Start up the business

The external parties that you need to exchange information with are:

  • The finance manager
  • Your partner(s), if you have any
  • Wholesalers and retailers.

What is a Business Plan?

This refers to the document made by a company that describes the company's goals,

Hence, we can see that Some key decisions you need to make to implement the idea of employment generation for unemployed teenagers and young adults from local communities are given above.

Read more about business plans here:

https://brainly.com/question/1958071
#SPJ1

We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. We appreciate your time. Please come back anytime for the latest information and answers to your questions. Thank you for choosing Westonci.ca as your information source. We look forward to your next visit.