BUS108: Geron-preneurship and Innovation Assignment, SUSS, Singapore Mr Lee has a stall selling chicken rice at Beach Road market. Many of his customers are elders
Question 1
Mr Lee has a stall selling chicken rice at Beach Road market. Many of his customers are elders. The business has been slow lately, and Mr. Lee is financially struggling especially with the recent inflation.
Buy Custom Answer of This Assessment & Raise Your Grades
Mr. Lee’s son just graduated with a business degree. Mr. Lee asked his son for business advice. The son advised Mr. Lee that people are becoming more socially conscious and it could be a good idea if the business becomes a social enterprise with a social mission/impact. The son further advised that helping the elders is something that relates well with the public.
Mr. Lee currently sells a plate of chicken rice for $5 and the cost (excluding fixed overheads like rental) is $3 per plate. Mr. Lee decided to implement the following:
- Increase the price of the chicken price plate to $8. The costs remain the same at $3. Mr. Lee believes the customers (except the elders) would be comfortable paying the new price.
- Offer a 50% discount to seniors above 60 years old (they would pay $4 per plate).
- Donate 20% of his net profits to charities for elders.
You are a business consultant. Mr. Lee approached you to advise him if his business is a social enterprise.
Hire a Professional Essay & Assignment Writer for completing your Academic Assessments
Achieve academic success with our specialized GBA Assignment Help in Singapore and convenient Online Exam Help services! If you're a student at the Singapore University of Social Science (SUSS), tackling subjects like BUS108: Geron-preneurship and Innovation, our experts are here to support you. Whether it's assignments on elder entrepreneurship or exam preparation, we've got you covered. Don't let academic challenges hinder your progress—partner with our professionals to excel in your coursework today!
- ESG531 Circular Economy for a Sustainable Future Group-Based Assignment: Circular Transformation Roadmap for SMEs towards 2030
- Business Marketing Assignment: Showcasing Fresco Pizza Hub’s Competitive Advantage over MegaSlice Pizza
- ECE210 Advocacy and Collaborations with Families Assignment: Supporting Grieving Children Through Culturally Responsive and Family-Centred Practices
- ACC707 Accounting and Finance Assignment: Evaluating Investment Decisions, Budgeting Practices, and Financial Performance through Ratio Analysis
- NCO201 Learn to Learn, Learn for Life TMA01: Developing Self-Awareness and Strategies for Lifelong Learning
- PSS219 Public Safety and Security in Singapore Group-Based Assignment: Analyzing Ministry Strategies and Challenges from the 2025 Committee of Supply Debate
- MTH240 Engineering Mathematics I TMA: Applications of Linear Algebra in Engineering Problems and System Analysis
- Engaging Youth with IBM Skills Build Assignment: Developing Creative Approaches to Boost Skills and Career Prospects
- BUS368 Innovation Management and Digital Transformation Assignment: Managing Innovation and Uncertainty in Foldable, Trifold, and Stretchable Display Technologies
- BUS366 Assignment: Enhancing Process Efficiency and Recruitment Effectiveness through Lean Six Sigma Methodologies
UP TO 15 % DISCOUNT