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food vending machine, Australia, business.

You attempt to define the food vending machine problem by identifying the current situation of the product/service, target market, and competition. You show a limited understanding of issue and its implications. You list alternative food vending machine strategy to address food vending machine problem/opportunity, utilising broad food vending machine frameworks. The food vending machine problem is generally well articulated with some implications. You show an adequate understanding of the direction and content of issue. This problem statement is partially linked with situation analysis. You formulate and defend the use of alternative food vending machine strategy to address the food vending machine problem/opportunity, utilising relevant food vending machine principles.

Business Type: Sole Trader

Sole trader, as the name suggests, is where an individual is the sole owner of a business. The business is often quite small in terms of size (as measured, for example, by sales generated, or number of staff employed) however the number of these businesses is very large indeed. Examples of these businesses can be found in most industrial sectors but particularly in most service sectors. Hence services such as electrical repair, picture framing, photography, diving instruction, retail shops, and hotels have a large proportion of sole trade business.