An Overview of Elizabeth's Cosmetics
Elizabeth’s Cosmetics
Name: Elizabeth Dardaine
Registration number:
Name of subject: Principles of Business
School: Caribbean Union College Secondary
Date submitted: 26th February, 2015
Table of content
Section Page No.
1. Description of the business………………………………………………………3
2. Justification of location……………………………………………………….....3
3. Selection of appropriate labour………………………………………………….4
4. Source of fixed and working capital…………………………………………….6
5. Role of the entrepreneur………………………………………………………...6-7
6. Type of production………………………………………………………………7
7. Levels of production…………………………………………………………….7
8. Quality control measures………………………………………………………...7
9. Use of technology……………………………………………………………….7-8
10. Linkages………………………………………………………………………...8
11. Potential for growth……………………………………………………………..8
12. Government regulations…………………………………………………………8
13. Ethical issues…………………………………………………………………….8
14. Bibliography …………………………………………………………………….9
Description of a Business
Legal Requirements
Elizabeth’s Cosmetics would operate as a sole trader business. In Trinidad a sole trader business must be registered with the companies registry. The proposed business name of Elizabeth’s Cosmetics would be searched and once no other business has the name Elizabeth’s Cosmetics, this name can be reserved and registered. Once the registration process is complete a registration certificate will be issued.
Business Concept
Elizabeth’s Cosmetics is a business that will locally manufacture high quality cosmetics products. The business would have an online store as well as a store front located in Tunapuna.
Business Opportunity
Elizabeth’s Cosmetics will offer consumers locally made products from locally obtain resources. These products will be created with the Trinidad people in mind. This business will succeed because we make products that will work one everyone’s’ unique skin type and they are guaranteed to get the skin that they always dreamed of. There is a
Name: Elizabeth Dardaine
Registration number:
Name of subject: Principles of Business
School: Caribbean Union College Secondary
Date submitted: 26th February, 2015
Table of content
Section Page No.
1. Description of the business………………………………………………………3
2. Justification of location……………………………………………………….....3
3. Selection of appropriate labour………………………………………………….4
4. Source of fixed and working capital…………………………………………….6
5. Role of the entrepreneur………………………………………………………...6-7
6. Type of production………………………………………………………………7
7. Levels of production…………………………………………………………….7
8. Quality control measures………………………………………………………...7
9. Use of technology……………………………………………………………….7-8
10. Linkages………………………………………………………………………...8
11. Potential for growth……………………………………………………………..8
12. Government regulations…………………………………………………………8
13. Ethical issues…………………………………………………………………….8
14. Bibliography …………………………………………………………………….9
Description of a Business
Legal Requirements
Elizabeth’s Cosmetics would operate as a sole trader business. In Trinidad a sole trader business must be registered with the companies registry. The proposed business name of Elizabeth’s Cosmetics would be searched and once no other business has the name Elizabeth’s Cosmetics, this name can be reserved and registered. Once the registration process is complete a registration certificate will be issued.
Business Concept
Elizabeth’s Cosmetics is a business that will locally manufacture high quality cosmetics products. The business would have an online store as well as a store front located in Tunapuna.
Business Opportunity
Elizabeth’s Cosmetics will offer consumers locally made products from locally obtain resources. These products will be created with the Trinidad people in mind. This business will succeed because we make products that will work one everyone’s’ unique skin type and they are guaranteed to get the skin that they always dreamed of. There is a