Name of Candidate: Jomodean Alexander

Name of School: West St. George Secondary School

School Center #:150028
Name of Topic: Principles of Business
Date Submitted:
Description of the Business
General Blams Mechanics & Body works Shop will be operated
by Jomodean Alexander who is an entrepreneur. General Blams
Mechanics & Body works shop is going to be operated as a sole
trader business, in which it will be assisting in dierent areas or
.example, it will be pro!iding !ehicle ser!ice or any type o
!ehicle which will include the" repairing o !ehicles. #t will be
commencing rom Monday to Saturday, $pening %ours&
Monday to 'riday (&))am to *&))pm and on Saturday 'rom +&))
am to ,&))pm.
The Objectives of my Business are as followed&
-o maximi.e proit in/order to produce a reliable stream o
income to support me, my amily and to clear debts.
Supplying desired ser!ices at reasonable price.
-o promote economic growth or a sustainable economy.
Justification of Location
General Balms Mechanics & Body works shop will be located in
0ingstown opposite the old tennis court in which it1s where my
grandparents own. #t will be located at this speciied area because&
-here is no/one to compete with in that selected area.
-he business will be easily located by customers.
#t will be more
Selection of appropriate Labor
General Blams Mechanics & Body works shop re2uires a skilled &
semi/skilled labor orce" persons who ha!e a certiicate in Mechanics &
Body works it also re2uires persons with 3S43 sub5ect6 7A1 le!el
Sub5ects which include& Mathematics& ,68, 4nglish& ,68 and any business
sub5ect. -he business re2uires * skilled workers and 8 semi/skilled
worker to maintain the business daily.
The duties of the workers are as followed&
-he semi/skilled worker will assist as being a handy man to
recei!e orders and inorming customers.
-wo o the skilled workers will assist in the necessary
mechanical part o the 5ob in which he will he ix the
customers !ehicle according to how the customer want it to
be ixed.
-he other two 9,: skilled workers will assist in the
necessary body works 5ob that ha!e to be done on the
customers !ehicle.
Sources of Fixed and Worin! Capital
-he sources o my ixed capital would ha!e originate rom my lie
sa!ings and my amily inheritance, examples o these ixed capital are&
land, tool/shop, generator, compressor etc.
General Blams Mechanic and Bodywork1s shop working capital will
emerge rom the raw materials, or instance money or any other item
that are used up in the e!eryday going o my business or the goods that
are regularly been used in the work in its oten actions, example& money,
!ehicle, !ehicle parts etc.
"ole of t he #ntrepreneur
General Blams Mechanics and Bodyworks shop is owned by
Jomodean Alexander.
An entrepreneur is a person who organi.es and manages a
business usually with the considerable initiati!es and risks. -he
role o the entrepreneur would be, to make sure that the business
duties are being perormed with 2uality characteristics such as
being responsible, being a risk taker, being a business manager
and to elucidate problems that may ha!e arisen etc.
Three Functions of an entrepreneur are:
Risk Bearing, the entrepreneur speculates all possible risks o
the business which emanate due to the possibility o changes in the
tastes o costumers, modern techni2ues o production and new
in!entions, such risks are not insurable and incalculable.
Managerial Function, entrepreneurs also enorce a !ariety o
managerial unctions like determination o business ob5ecti!es,
ormulation o production plans, product analysis and market
research, recruitment o men undertaking o business operations.
nnovative Function, this is the basic unction o an
entrepreneur to inno!ate new products, ser!ices, ideas and
inormation1s or the business.

T$pe of %roduction
General Blams Mechanic and Bodywork;s shop is in!ol!ed in
the Tertiary !roduction" -ertiary industry reers to the segment o
the economy that oers ser!ices to its consumers. -his may
in!ol!e a wide !ariety o businesses including transport,
inancial institutions, schools and restaurants. $ther types o
industries are primary 9raw materials: and secondary
9production o goods:.
Le&els of %roduction
<roduction is the le!el o goods and ser!ices. -he purpose o
production is to pro!ide <eople with the goods and ser!ices that
they need or want to consume. General Blams Mechanics and
Bodyworks shop is in!ol!ed in a Surplus <roduction =e!el >
-his is the production o goods and ser!ices at an excess amount
where it is exported or traded.
General Blams Mechanics and Bodyworks shop will be helping
local & regional people with their !ehicles.
'se of Technolo!$
-here are two types o technology in!ol!ed in my business&
The compressors # $lectrical tools
The %ompressors& are used by skilled workers, or models
si.ed to handle e!ery 5ob, rom inlating pool toys to powering
tools such as nail guns, sanders, drills, impact wrenches, staplers
and spray guns. -he big ad!antage o air power is that each tool
doesn;t need its own bulky motor. #nstead, a single motor on the
compressor con!erts the electrical energy into kinetic energy.
-his makes or light, compact, easy/to/handle tools that run
2uietly and ha!e ewer parts that wear out.
The $lectrical tools are used by both skilled and semi/skilled
workers to perorm their duties in the e!eryday operations.
Lina!es
%otential for (ro)th
General Balms Mechanics and Bodyworks shop can grow both
internally and externally.
Two ways in which it can grow internationally are"
?pgrading with new and impro!ed compressor and tools. @e
can ac2uire more skilled and semi/skilled workers to operate the
machinery.
-o expand externally we can expand new branches around the
island in other areas or instance in rural and urban areas.
(o&ernment "e!ulations
General Blams Mechanics and Bodyworks shop is a huge business and
its
#thical *ssues
Communication of information in a lo!ical )a$ usin!
correct !rammar