Most companies have different types of ownerships; from being a sole proprietor to having a partnership. Starbucks has a legal entity‚ distinct from any individual persons‚ with the power to own property and conduct business‚ also known as a Corporation. From becoming a Corporation‚ Starbucks has setbacks‚ but they also have benefits. Starbucks plays a big role in the growth of the United States and many other countries. The transportation options were made possible by railways‚ commercial airplanes
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different types of business ownership‚ such as being a sole trader‚ in a partnership‚ franchises and limited companies. Sole Trader The advantages of being a sole trader are as follows; They are easy to set up – There are very few complicated forms to fill in and sole traders can set up and run a business almost immediately. They are easy to run – The owner can do what they want‚ when they want‚ without consulting with colleagues‚ as they are 100% in control of the business. Tax advantages
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P1 Describe the type of business‚ purpose and ownership of two contrasting businesses. In this task I will be stating the purposes of two of the contrasting businesses which are a LTD and a PLC. (New Forest Ice Cream and Thorpe Park) First of all I will look at the businesses individually and taking into account which type of business it is and its objectives. There are two main types of a limited company; A public limited company‚ (PLC) is normally a big‚ well-known business. This could be a business
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this assignment I am going to identify the purposes of different types of organisations‚ describe the extent to which an organisation meets the objectives of different stakeholders and explain the responsibilities of an organisation and strategies employed to meet them. I am also going to give examples based on my own personal experience. Identify the purposes of different types of organisation Business organisations can be divided mainly into two sectors. The private sector‚ which is formed
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1. Describe the type of business‚ purpose and ownership of contrasting organisations. TESCO PLC Tesco plc. (Public limited company) is a global grocery and general merchandise retailer‚ headquartered in Cheshunt in the United Kingdom. Tesco is the third largest retailer in the world‚ measured by revenues and the second largest‚ measured by profit. Tesco has around 5380 stores around the world; David Reid is the chairman and Philip Clarke. Most of the people think that Tesco is an international
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Management Concepts Professor: Justin U. Harris Ph.D. Assignment #1 Comparing Two Businesses Authors Note James M. Gordon‚ Strayer University Correspondence concerning this paper should be addressed to James M. Gordon‚ E-mail: g2gretire@yahoo.com Assignment #1 Comparing Two Similar Businesses Amazon.com‚ Inc. (NASDAQ: AMZN) with a +$100 billion market capitalization is a multinational electronic commerce company headquartered
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Sole proprietorship This business is an individual owned organization. This business is the most attractive because of its simplicity and control over the business. * Liability-.This business has unlimited liability. The owner is responsible for everything. If the business begins to fail personal assets and business assets can be sought after to pay off debts. There is no distinction between the two assets. * Income taxes- Business owners in a sole proprietorship file a 1040 as well as
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truffles; a black‚ warty fungus that grow in the roots of oak and hazelnut trees. Truffles are really expensive and they use trained pigs to find them. The study compares these two countries France and Kenya within the setting of International Management practices. Comparing and Contrasting France Verses Kenya Kenya is located in East Africa and borders Somalia to the northeast‚ Ethiopia to the north‚ Sudan to the northwest‚ Uganda to the west‚ Tanzania to the south
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The Nature of Business and Ownership There are many types of business ownership‚ below is information about four types of businesses that I have researched. Sole trader An example of a sole trader would be Amro‚ a hair salon. It offers beauty services such as haircuts‚ manicures‚ pedicures etc. A “sole trader” business is owned by one single person‚ although it may have a number of employees. There are no legal requirements for setting up as a sole trader and the owner does not even need to
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P5-Describe the influence of two contrasting economic environments on business activities within a selected organisation Within my selected organisation‚ Tesco‚ there are 2 important economic environments that have an influence on business activities. Both economic environments will have a different way on affecting Tesco. The economic environments are growth and recession. Economic growth occurs when more goods are being produced and consumed‚ and incomes are rising. A growth company tends to
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