Firstly‚ one of the main advantages of a Private Limited Company over a sole trader is that‚ members may enjoy the availability of Limited Liability‚ hence the business is incorporated (i.e. the business has a separate identity from the owner).Therefore‚ liability for payment of debts stops at the Company‚ and owners and shareholders are not personally liable for any other debts than that of which they have purchased. On the other hand‚ a sole trader’s liability status is unlimited and there is no
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Advantages and Disadvantages of Sole Proprietorship Profits and Losses – Advantages: Proprietor receives all the profits because he or she takes all the risks. Disadvantages: Losses are not shared. Liability - Disadvantages: 1) The proprietor has unlimited liability. 2) If the firm is unable to pay its bills‚ the proprietor can be force to sell personal assets as well as the business to pay debts. Management – Advantages: 1) Decisions on starting and running the business can be made
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M1 analyse why a sole trader might want to become either a partnership or a private limited company. Sole Trader Sole trading is where a person decides to set up a business on their own. They may employ people but there is only one owner. Most people can set up a small business if they wish‚ as there is no complicated paperwork and it is a straightforward process - you don’t need to do anything except start trading. Most small businesses are sole traders. Examples could be: plumbers‚ hairdressers
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What are the advantages and disadvantage of Starbucks degree of vertical integration and channel expansion? Vertical Integration is a kind of company that controls all of the process of production. Advantage Starbucks retains their brand competence by controlling all the process of production by themselves which starts from growing the coffee plant‚ selecting the coffee nut‚ roasting the nut‚ grinding the nut until mixing with ingredients and become a cup of coffee and also have selling
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LEADERSHIP - Human-Oriented Principles Leadership Starbucks Coffee Company grew from a small‚ regional business into the undisputed leader in the specialty coffee industry by buying only the best quality coffee and providing an unmatched store experience. It was on new fad for specialty coffee‚ building for long-term success by acting on human-oriented principles that build a company “with soul”. In fact‚ the number one guiding principle in Starbucks’ mission statement was to “provide a great work
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Competitive Advantages of Starbucks in China I am going to work with Starbucks‚ because it is a company that is familiar to most of us and has investment plans in China for the next years. They are planning to expand themselves from a little over 200 stores to 1500 stores and try to increase their sales. As Howard Schutz‚ the CEO‚ said “same store sales in China are fantastic‚ so why not expand?” After their success in United States‚ Starbucks wanted to expand to other countries because the U
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Abstract This essay deliberates the benefits of being bilingual. The information has been analyzed from resources dating from September 2010 through 2012. The idea put forth in this essay is to prove that the brain of a bilingual person is agile and nimble. It argues a bilingual signs in babies having the ability to distinguish between two languages as young as 4 months old. It also presents how infants show a strong preference for the language their mother spoke during pregnancy. It confirms that
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There were several advantages being a puritan like making good decisions just by following the bible‚ placing God above all‚ and how the community worked in unity. The reason why puritanism was considered a good thing was due to Puritans living closely by the bible and making better decisions in life. Puritans lived by the ten commandments and by what the bible says. An example of puritans living by the bible is not to steal‚ commit adultery‚ murder‚ and many more.Others may say that it’s a
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Being your own boss has many obvious advantages. The main advantage is that you are in charge. You have the opportunity to do something you really believe in‚ for instance offering a new product or providing a new service. The another advantage is that you do not have a boss watching over you‚ which gives you more freedom to do things your way. Finally‚ the greatest advantage of all for some people‚ you could also become extremely rich if your company become successful. This all seems very tempting
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1. The advantages of being bilingual There are many advantages of being bilingual. It can get you many places in life and could help you in a time of need. Knowing English as a second language is a good thing in many western countries. There are many English-speaking people in western countries and knowing English will help you to communicate with people. Also‚ I travel to America a lot for vacations‚ so knowing English helps. The third is that if I want to have a conversation with foreigner it
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