You should say
-What is the business?
-Where is it?
-Who runs the business/how do you know about this business?
-And explain why you think it is successful?
Model Answer
Introduction
- There are many small kinds of business.
- I love to encourage small businesses,
- So I am going to talk about a small business I know.
What is the business?
- It is a freelancing company
- It deals with copy writing, content writing, proofreading, and editing
Where is it?
- It is located in Delhi.
- There is no office for it now but an office will be made available soon
Who runs the business/ How do you know about the business?
- The business is run by my sister Miss Evelyn.
- She started it while in college and has been managing it ever since.
- She told me about it when she was about to start.
- And I fully supported her.
Explain why you think it is successful?
- It is successful because,
- Over the years that she has started,
- She has been able to acquire lots of clients and has hired people to work for her.
- Sometimes when I am free I help her out too.
- She is still hoping to further her education
- Hence the reason for not having an office.
Conclusion
I believe in the company and I know it is destined for great things.
Part-3 : Follow up Questions @Smart Alpine Education
Que 1. Do many people know about this company?
Yes but not a lot but hundreds of people do know about it.
Que 2. What do you think can be considered as emerging industries?
Small Businesses that strive and compete on the same scales as large Businesses are considered emerging industries.
Que 3. Is market research important for export business?
Yes it is. You have to know the demands for goods and also you have to make sure the opinion of the people about the goods is good. Also, you have to check out the population density of the place.
Que 4. In business, do companies need to be competitive?
Oh yes, competitions are what drive you to become better than your rivalry.
Que 5. Should companies promote competition and why?
Yes It makes each industry better and also makes them up to their business game.
Que 6. What should be the government’s role in how small businesses are run?
Government should empower small businesses so they can grow to develop the country
Que 7. How can businesses benefit the community in which they are located?
They can do that by creating job employment for the community.
Que 8. What kind of small businesses are most popular?
They are, catering services, website design, cleaning services, business consultant, etc
Synonyms: company,business,industry,firm, interprise