Part 3 (Marks: 30) Starting up and managing a business requires one to act responsibly and ethically at all times. It is

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Part 3 Marks 30 Starting Up And Managing A Business Requires One To Act Responsibly And Ethically At All Times It Is 1 (38.89 KiB) Viewed 12 times

Part 3 (Marks: 30) Starting up and managing a business requires one to act responsibly and ethically at all times. It is also imperative that one carefully considers the management team and the opportunities that franchising presents to a business to create a bigger brand name and increased market share. In this task, you will discuss some aspects of franchising and develop a brief code of conduct for your business. In order to complete this task, you are expected to conduct desktop research. 1. You may consider franchising your business at some point. Discuss with justification, (4) the type and model of franchise that your business will enter into. 2. Discuss some of the ethical dilemmas that your business might be faced with. (5) 3. Develop a code of ethics for your business. (6) Tip: Your code of ethics should reflect some of your company values. 4. Explain at least five functional areas of your business. (15) Include in your explanation a TASK that EACH function will be responsible for.