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Please elaborate on these 2 questions:1) Imagine and create a small business & define objectives.If you would have the necessary capital what kind of a small business would like to develop and operate?Answer the following requirements:1. Describe the business identified in the previous question.2. Describe the products and/or services provided to the customers.3. Describe the activities of your small business.4. Identify the mission of your small business.5. Identify the objectives of small business.6. Analyse the micro-enviroment of the business.7. Analyse the internal environment of the business.2) Identify an existing small or a medium enterprise in Romania.What are the objectives of the enterprise?Think about SMART objectives. Are the objectives of the enterprise properly defined? Why, if yes justify, if not, explain.