MGT211 Introduction To Business GDB No 1 Solution and Discussion Fall 2014 Due Date: December 04, 2014



Objective of GDB

The basic objective of this discussion is to make students familiar with what are the causes of success or failure of business

Learning Outcomes

After attempting this GDB students will be able to:

analyze the limitations of business before it going to dissolve
run their business in a competitive environment
Scenario:

Mr. Akram started a business of Furniture, for this purpose he hired a shop in a market. He also employed two people from his family for other business activities. After five months he realized that he was not earning even normal profit and his business was not successful as he expected. Finally he had to close his business. After this he started to find out the causes of its failure.
Point of Discussion:

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Consider yourself as Mr. Akram and discuss the possible causes of failure (any five) in business.

Marking scheme: Each point contains 1 mark

Student’s Guide

1. Keep you discussion with the mentioned scenario and irrelevant answers and material will not be graded.





2. Be careful from those blogs who are promoting cheating culture among our students and killing their creativity and critical thinking. Answers copied from such blogs will be straightaway marked as zero. Similarly any relevant or irrelevant material copied from internet sources will get the same treatment. It can seriously damage your grades.

Note:

For acquiring the relevant knowledge, do not rely only on handouts but also watch the course video lectures and read additional material available online or in any other mode.

Important Instructions:



Your discussion must be based on logical facts.
The GDB will open and close on above specified date and time. Please note that no grace day or extra time will be given for posting comments on GDB.
Use the font style “Times New Roman” and font size “12”.
Your answer should be relevant to the topic i.e. clear and concise.
Do not copy or exchange your answer with other students. Two identical / copied comments will be marked Zero (0) and may damage your grade in the course.
Books, websites and other reading material may be consulted before posting your comments; but copying or reproducing the text from books, websites and other reading materials is strictly prohibited. Such comments will be marked as Zero (0) even if you provide references.
You should post your answer on the Graded Discussion Board (GDB), not on the Moderated Discussion Board (MDB). Both will run parallel to each other during the time specified above. Therefore, due care will be needed.