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9.1 Answer When COVID- 19 megahit, numerous small business went shut. Government issued encouragement packages
and programs(e.g. instant asset write- offs) for small businesses and impulses to employ youthful workers Answer The
Australian frugality is strengthening in comparison to other countries and retail spending has increased. Answer In big
metropolises like Sydney and Melbourne where guests aren't familiar with NatureCare, it might be a problem to move
them to shift from their present beauty product. There's further competition in bigger metropolises than the small one,
Brisbane. The life and preference of guests may vary then. But the present interest of people in nature friendly products
can be a great advantage for NatureCare because the guests are now inclined to green life just as we give How are
technological advances affecting the business(e.g. internet, RPA, threat control)? Answer numerous challengers are turning
to online stores due to global conditions. Answer Yes, the current threat operation policy/ procedures are complete and
comprehensive as needed by legislation Answer The state or condition of business resource to my threat assessment
process or design is enough but as per CEO there must be minimal spending. Answer Being communication mechanisms
between operation and the pool is seen to be effective as there has been exchange of data information effectively. Answer
The current staffs are considered to be pious and stylish on doing their tasks. Answer client database is introductory and
has shown that 70 of guests are between 25 and 55 times old Answer The CEO has verified that the banks are willing to
advance 70 of the capital needed and the shareholders have committed to chancing the remaining 30. Answer The cash
inflow statement is a fiscal statement that reports on a company's sources and operation of cash over some time. A
company's cash inflow is generally categorised as cash overflows from operations, investing, and backing. Answer
Suppliers( grounded in China, Philippines and New Zealand) have all indicated their capability to supply and fill fresh
orders SWOT Analysis Strengths • High Quality Products • Eco friendly and Natural raw accoutrements are used for
manufacturing • High Brand value • Has stores both online and retail • Products developed for specific skin needs
Weakness • High price • Products confined to women • Many products as the products are specific to skin types • Huge
competition due to low price products pitfalls • Fierce marketing from other reputed brands • preface of products that are
cheap and still give acceptablequality openings • Entry into men's member • Overseas business • Development of new
products similar as sunscreen, face marshland and face packs Section 2 Identify and assay threat Answer Tool and fashion
to grease the group discussion to identify threat within the compass of the threat operation process- Brainstorming.
Answer motifs that will be bandied • Identify pitfalls, • Assess pitfalls, • threat treatments, • Precedences. Answer The threat
operation system will be used to assess the liability and inflexibility of the pitfalls. threat liability must be calculated by
taking the normal of at least two stakeholder estimations. This must be done using the following scale Rare 1 Unlikely 2
probably 3 veritably likely 4 also, the threat impact must be calculated by taking the normal of at least two stakeholder
estimations using the following scale Minor 1 Moderate 2 significant 3 Catastrophic 4 Answer threat standard will guide
how to prioritise pitfalls. Answer Because the threat operation policy includes all workers in the threat operation process,
concession may include • which risks to concentrate on • threat prioritisation Answer concession can be done through face
to face meeting or discussion but I believe with the liability and impact and estimation of each stakeholder it s not
negotiable. Answer Questioning and harkening fashion can be used to evoke opinion and clarify understanding because
it'll include open questions, it'll insure understanding - transparent and clear communication leading brief input being
positive and regardful. It'll also insure active participation from staffs to present their opinions and views. 11 Answer The
pitfalls that has been linked in the meeting are • Strategic threat threat ofnon-compliance with legislation • functional
Date
2023-06-01
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