OPPORTUNITIES EXAMPLES GENERAL

Question 1

The biz should consider how it can improve its internal controls and operating procedures.

This could benefit customers or supplers

Answer 1

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Question 2

Installing new IT systems to integrate ledgers and make reporting more timely

Answer 2

.

Question 3

Improved website to generate future sales and profits

Answer 3

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Question 4

Implementing a paperless purchasing system to provide a more efficient service to suppliers

Answer 4

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Question 5

Implementing new electronic sales initiatives to improve customer service and sales , and reduce marketing costs

Answer 5

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Question 6

Take advantage of government funding eg. Apprenticeships

Answer 6

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