Pob Sba Teacher Approved

1. PRINCIPLES OF BUSINESS
SCHOOL BASED ASSESSMENT (SBA)
ON
ESTABLISHING A BUSINESS WITH A FOCUS
ON PRODUCTION
Omari’s Sporting Goods
CANDIDATE’S NAME:
CANDIDATE’S NUMBER:
NAME OF SCHOOL :
CENTRE NUMBER :
NAME OF TEACHER :
TERRITTORY :

2. Table Of Context
Description Of Business
Justification Of Location
Selection Of Appropriate Labour
Source Of Fixed And Working Capital
Potential For Growth
Role Of Entrepreneur
Type Of Production
Level Of Production
Quality Control Measures
Use Of Technology
Linkage
Government Regulations
Ethical Issues

3. Description Of Business
Omari’s sporting goods operates as a sole proprietorship. In Trinidad and Tobago
a sole trader by law must obtain all forms, namesearch and namereservation
collect the namereservation documents, Complete registration process and collect
the registration certificate. The business will provide quality sporting gear from
some of the top brands. My business will also provide deliveries at an additional
but reasonableprice. Opening hourswill be from 8:30am – 5:30pm Mondayto
Saturday.
Mission Statement
Omari’s sporting goods aim is to provide qualityfor entire families primarily
focused and specialized in football, hockey and cricket equipmentand apparel
form a wide rangeof brandsto choose from such as Nike, Adidas, Joma, Puma,
Grays, Asics and Kappa,just to namea few.
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4. Justification Of Location
My store is located at Starlite shopping plaza FourRoads Diego Martin main road
next to Scotiabankand Rituals.
Three reasons for choosing this location are:
 There are three banksand a supermarket that are on the same facility and
the store will draw attraction as it is very close to the entrance of the
compound.
 The neighbouringschools and communitiesare prospective Customers.
 Recreational and competitive sport hasa high presents in this area.
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5. Selection Of Appropriate
Labour
The business does not require much skilled workers. The business has a total of ten
(10) workers. The table below shows the staff’s position, type of labourand
function.
Position NumberOf
Employees
Type of labour Functions
Cashier 3 Skilled To cash the price
of equipment
being purchased
by customers and
providethem with
a receipt.
Driver 2 Semi-Skilled To delivergood to
and from the
business.
Packer 3 Unskilled To place goods
purchased by the
customs in a bag
or box to assist
with
transportation to
their homes.
Supervisor 2 Skilled To makesure that
the businessruns
smoothly.
This is type of labourwas chosen because it is needed for the smooth operation of
my business.
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6. Source of Working And Fixed Capital
Fixed Capital:
These are the durable(Long-term) assets of a businesswhich are used over a long
period of a time and are tied up in permanentuse.
Two source of fixed capital:
 $2000000 waswon in the lotto.
 I received 3 cash registers and 4 desk of which my grandfatherpreviously
used in his business.
Working Capital:
These are stocks of goods, cash, bankbalancesand other items required for the
day to dayoperation of the business that are continuallybeing used up.
Two source of working capital:
 Money saved up from the daily operations of the business (Selling and
delivering equipment).
 Stock that the business takes on credit.
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7. Potential For Growth
Internal Growth:
This chat shows internal growth for the first year of business:
External Growth:
The chart below shows the external growth for the first year of business:
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0 0.5 1 1.5 2 2.5 3 3.5 4 4.5 5
Staff
Delivery Service
Parking Area
Packaging
2.6
2.8
3
3.2
3.4
3.6
Sales
Purchaes

8. Role of the Entrepreneur
An entrepreneur is an individualwhobring together the factors of production
(Land, Labourand Capital) toproduce a good or service that he believes
consumers will be willing to buy, allowing him to make a profit from his
investment. The entrepreneur make concepts which have total responsibility for
decision making, bearing losses, profits received and risk taking.
Functionsof the entrepreneur in the business:
Planning – Thisis the first step of management. Theownerof Omari’s sporting
goods is responsible for setting goals, deciding when and how resources are to be
used and the time line to meet objectives.
Organizing– The owner will also be responsible for bringing together resources
needed to provide their services.
EvaluatingPerformance – Analysing daily reports received on purchases cost,
delivery of goods and sales. Analysing the overall in sales and cost structure,
Identifying problems which require corrective action.
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9. Type of production
This business will be involved in Tertiary production.
This is where the business offers finished products to customer. TheBusiness will
be selling sporting gear and equipmentto the public.
We obtain good for sale from Wholesale Sportswearin the UK. Through this we
able to supplycustomer with high quality sporting clothes from top brandssuch as
Nike, Adidasand Puma to namea few. We also obtain high quality gym equipment
from GymratZ Gym Equipment.
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10. Level of Production
The level of production used is domestic level of production. This involves the
production of our service not only for the individual’sfamily or communitybut
also for the local market. This business will be involved in this type of production
in order to satisfy the needs of citizens locally. Omari’s Sporting Goods will be
offering goods in and around Diego Martin.
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11. Quality Control Measures
Two qualitycontrol measures taken by the business are:
 We sort through new socks and return faulty goods to suppliers when goods
are badlydamaged, some good with bearablefaults are kept and sold at half
price or donate to a home in the area.
 To ensure the high qualityof goods we promise that when home deliveries
are madewe place goods in a properly insulated box and strap them to the
wall of the van to ensure good don’t slip or slide during transportation and
in the even if the insulation prevents contents in the box from being
damaged.
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12. Use of Technology
The business will:
 Use internet to order.
 Use of cell phoneand Social Media.
Benefits of using these Technologies:
 We use the internet to order stock as our suppliers are abroad and aren’t
always ableto travel abroad. Thistechnology will ensure thatsupplies
arrive on time at a lower cost
 Thankto our active facebook and instagram accountcustomer are able to
inquire aboutproducts before the come to the store, customer are also given
to option to call our cell phonesthis way they can contact the delivery men
to tract, correct and even cancel orders. This is a more efficient process of
managing orders.
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13. Linkage
Omari’s Sporting Goods will be involved in backward linkage. The business will
be linked to wholesaler of sporting goods in order to obtain Goods for Sale.
This linkageallows the business to supplycustomers with the latest sporting gear
and equipmentfrom a numberof top brands.
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14. Government Regulations
The business must be legally licensed to operate before it can officially open or
carry out anyoperations.
The following documents are also required for imports to Trinidad and Tobago:
 CARICOM Area Invoice provided by the supplier
 Supplier’s Invoice
 Copy of Bill of Lading or Airway Bill
 Declaration on the C75 or C76 form signed by the importer
 Certificate of Origin (provided by supplier)
 Certificate of Health/Sanitary Certificate (if required)
 Import License (if required)
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15. Ethical Issues
There are a lot of issues a business can encounter when dealing with employees
and customers these issues usually involve the ethical code of behaviour.
The major ethical issue to be faced is showing respect to employees and customers.
Lacking respect will lead to loss of customers and will motivate employees. This
will be a great disadvantageto the business because customer will lost interest in
the business causing a loss and worker will not enjoy doing their job and may
leave after a time.
To make sure this does not happen interacting between the employer and the
employees are constant to give them a sense of belonging and keep them motivate
to do the best they can, this causes the customer to fell welcomed and free to shop
and to come back, the also make the owners job easier in this aspect of the job.
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16. Bibliography
 Principles of business for CSEC examination, 5th edition By: Ivan L.
Waterman, DaveRamsingh and Alvin P. Ramsaroop , Chapter:2,3, 4, 5 and
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