against competitors • Increase market share • Good customer service • Be environmentally sustainable NEEDS - e.g to survive- shelter‚ water‚ food – PROBLEM: needs are limited WANTS – e.g luxuries - such as cars‚ houses‚ phones - POSITIVE: unlimited Businesses provide GOODS (tangible product) and SERVICES (intangible). They provide them LOCALLY (e.g corner shop) or NATIONALLY (e.g Britsh Gas) or INTERNTIONALLY (e.g McDonalds) Scarcity- When you have low amount of stock to meet demands
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physicians‚ freelancers‚ accountants‚ etc. Advantages 1. The owner keeps all the profits. 2. There is little complexity in setting up a sole proprietorship. 3. Small amount of capital is sufficient for startup. Disadvantages 1. It has unlimited liability of business debts which means that the debts that the owner obtains for the purpose of business are recovered from the personal assets of the owner if the business assets are insufficient to discharge them. 2. The income is taxed collectively
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people who is most in need. At the start of World War Ⅰ. Romania proclaimed its neutrality but it still was invaded‚ about 270‚000 Jews were massacred in Fascist Romania. People were not satisfied the country so it lead to the economic problem: unlimited wants + limited resources = scarcity. Then king Carol Ⅱ dissolved parliament‚ granted the new prime minister‚ Lon Antonescu‚ full power‚ abdicated his throne‚ and went into exile. So the country started to be controlled by the prime minister‚ and
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liability‚ and has none of the common tax shelters that corporations do. Loans can be hard to obtain because banks view them as personal loans‚ and if the owner of a sole proprietorship dies‚ the business dies with them. Liability: The owner has unlimited liability. If the business fails the owner is responsible for 100% of the debt‚ and may be sued. The owner’s personal property may be liquidated to pay for debt. Income Taxes: Income taxes are generally easier to file with a sole proprietorship
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The U.S entered WW1 for several reasons. The U.S entered for two main reasons: one was that the Germans had declared unlimited German submarine warfare and the Zimmermann note. The German had totally disregarded the international laws protecting neutral nation’s ships by sinking neutral ships. We warned the Germans one too many times and they did not take us seriously so in 1917 we finally had enough and we joined the war. The Germans had decided that they would sink any ship they wanted without
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Georgia. Product demand varies considerably from month to month‚ causing Davis extreme difficulty in workforce scheduling. Recently Davis started hiring temporary workers supplied by Workers Unlimited‚ a company that specializes in providing temporary employees for firms in the grater Atlanta area. Workforce Unlimited offered to provide temporary employees under three contract opinions that differ in terms of the length of employment and the cost. The three options are summarized: |options |length
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QUESTIONS 1. Economics is best described as a. the study of how scarce material wants are allocated between unlimited resources. b. the study of how scarce labor can be replaced by unlimited capital. c. the study of how decision makers choose the best way to satisfy their unlimited material wants with a scarce supply of resources. d. the study of how unlimited material wants can best be satisfied by allocating limitless amounts of productive resources. e. the study
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Texting vs. Calling People Mickey Mouse ENG 121: English Composition I Prof. Cort Phillipy June 11‚ 2010 Texting vs. Calling People Texting and Calling a New Date are both good ways of communicating. There are different settings in which texting is appropriate‚ and times when a phone call might meet your needs best. Both texting and calling have strengths and weaknesses. It depends on the age of the person‚ and whether
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ACC565 Week 6 Discussion 1 and 2 Name Course University 5/14/2014 Discussion 1 "Partnership Tax Year" Please respond to the following: The IRC restricts the choices for a partnership‘s tax year to prevent the deferral of tax. This causes most partnerships to adopt a calendar year for tax reporting. From the e-Activity‚ create a scenario using a fiscal tax year which allows a partnership to defer taxes that meet the requirements of Sections 706 and 444 of the IRC. Suggest at least one
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Run shoot Run Underworld: Beware of the alien attack. Run shoot Run Underworld is the action-packed underworld running shooter game‚ where you are about to go on an endless thrilling alien hunting adventure. Run through the Obstacles ‚ watch out your step‚ while you are jumping and precisely shoot all the aliens comes in your way. Your job is to kill as much as aliens you can. Don’t give aliens a chance to get near you‚ and try to shoot them on the sight‚ without wasting any time. The survival of
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