Advantages of Sole Traders It is easy to set up a sole trader. A person can set up a business immediately. There are few‚ if any‚ forms to fill in or procedures needed to set. Easier to run than any other types of business. The owner is in sole charge‚ easier in terms of decision making. Tax Advantages Taxed differently eg. NI contributions are low There are no legal fees to set the firm Control The owner is in sole charge – can make whatever changes they want No meetings required to implement
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Case Study 2: Dell Tuesday‚ March 12‚ 2013 11:39 PM 1. How and why did the personal computers industry come to have such low average profitability? * Using Porters Five Forces to explain the profitability of the computer Industry. * Defining the industry: * The PC industry consists of manufacturers and suppliers of personal computers and computer parts respectively. Some PC manufacturers include: Dell‚ HP‚ Compaq‚ Gateway etc. * The current industry consist of
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ASSIGNMENT-1 SOUTHWEST AIRLINES CASE STUDY QUESTIONS 1. How does Southwest Airlines get its competitive advantage? 2. How does Southwest Airlines execute its strategy? 1. How does Southwest Airlines get its competitive advantage? Southwest Airlines uses a Cost Leadership Strategy‚ however most pricing strategists would agree that having a low price does not‚ in itself‚ constitute a competitive advantage. In fact‚ thinking that low prices are always a good strategy for competition is deeply misguided
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Advantages of Sole Proprietor Form the advantages of forming a sole proprietorship include: Control As the sole owner of the business‚ you have complete control over all the operations‚ and you get to make all the decisions. You don’t have a board of directors‚ shareholders‚ or other owners to answer to. Tax Preparation and Filing Sole proprietorship income taxes are easy to file‚ using Schedule C and adding the income/loss from the business to your other income on your personal tax return.
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As what I understand about how Science and Technology affects our lives‚ That there are advantages and disadvantages. The Advantages are‚ it makes our lives simple by using equipment that can easily finish and do well the work or job. We can save more time and energy so that we can perform and do our other job. We can now easily communicate our relatives by using cellphone and internet‚ it can connect us even they are in the other part of the world and then with digital camera‚ we can see them
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for talking on phone while driving‚ on a Texan driver. It is the highest fine imposed in the world‚ for someone using mobile phone while driving. Many accidents can be averted if people are cautious‚ and avoid cell phone usage while driving. Advantages and Disadvantages of Mobile Phones in
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Introduction Employee diversity in the workplace had become commend in the company already. Griffiths et al (2004‚ p. 463) state that “Diversity includes everyone. It is not something that is defined by race or gender. It extends to age‚ personal and corporate background‚ education‚ function and personality”. Nowadays‚ there have many factors to increase the diversity in the workplace. Example for it‚ globalization of the business in the world now that have to hiring diverse employee to manage
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as every thin has two sides internet also has advantages and dis advantages. Advantages: Email. Email is now an essential communication tools in business. It is also excellent for keeping in touch with family and friends. The advantages to email is that it is free ( no charge per use) when compared to telephone‚ fax and postal services. Information. There is a huge amount of information available on the internet for just about every subject known to man‚ ranging from government law
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we can shop from eBay‚ chat with your friends in Facebook or Skype‚ watch videos in YouTube‚ earn money from blogging‚ and many more! Internet is really useful and has a lot of advantages‚ but there are also some disadvantages of using it. Check out this list of advantages and disadvantages of the internet: ADVANTAGES of the INTERNET: 1. Easy and cheap communication Communicating with your friends and loved ones has been easy through e-mail and social communication sites like Facebook and
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STRATEGIC MANAGEMENT WHISTLEBLOWING AN ADVANTAGE TO THE ORGANIZATION Prepared By: | | Abstract. This paper studies the topic the advantages of whistle blowing to an organization. Generally when there is whistle blowing in the external environment of a company its causes all kinds of negative publicity. However‚ there are some effects of the whistle blowing which can provide certain advantage to a particular organization. This advantage is possible majorly if there is internal
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