Defining a business strategy

Question

Assignment:

Part 1

• Discuss the best way to leverage a breakeven analysis when defining a business strategy.
• Analyze the 12 financial ratios mentioned in the textbook and determine which is the most useful to the greatest number of small businesses. Explain your rationale.

Part 2

• Analyze the steps involved in preparing a cash budget and determine which step presents the greatest number of obstacles to the greatest number of small businesses. Explain your rationale.
• Analyze the steps involved in avoiding a cash crunch and make at least one additional recommendation for doing so. Provide specific examples to support your response.

Part 3

• Listen to one composition (i.e., for a symphony) by Beethoven, a transitional figure between classical and romantic music. Identify the composition that you listened to, and determine whether you would characterize the chosen composition as either the Classical or Romantic style of music. Explain the key features that lead you to your conclusion. Identify one modern musician who you believe was great at one type of music yet pioneered another.