Task 1 Describe the type of business‚ purpose and ownership of 2 contrasting types of businesses. Sole Trader A sole trader is a business owned by 1 person. It does not have limited liability meaning that if it fails and creates debts the owner is personally responsible for this. Sole trader’s usually have to work long hours and learn about all the aspects of business as many start up businesses cannot afford to hire people to take on other tasks. The owner is responsible for everything that goes
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19/08/2013 ECONOMIC ENVIRONMENT OF BUSINESS ASSIGNMENT WILL BIDDEFORD’S TRAM MAKE A RETURN? Question 1 The central focus of this case is how Biddiford Tram Company‚ under the management of Mary Jo and Marty‚ can increase revenue and become profitable given the business constraints it must operate under‚ namely; (a) Loss of $0.15 subsidy per passenger from the State of Maine (b) Not increase the price of tram fare above $2.00 for two years and subsequently not above the rate of inflation
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! ! ! ! ! Critical analyse of the external and internal environments of Ford Motor Company! ! ! ! ! ! ! ! ! ! ! TABLE OF CONTENTS 1. Introduction ................................................................................................................. 3 2. Background of Ford Motor Company ......................................................................... 3 3. External environments of Ford ...................................................................
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Destiney Clay Mr. Gillispie Economics 8th block September 14‚ 2010 How the International trade impacts the US economy? Foreign trade has become more important to our economy in recent years. Only five percent of the world consumers live in the U.S. Therefore‚ if the U.S. only trade domestically‚ it will only have small share of potential customers in the world. International trade help diversify U.S. domestic economy. It helps the overall economy of the U.S. grow stronger. International
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Unit one: Principles of personal responsibilities and working in a business environment Assessment You should use this file to complete your Assessment. • The first thing you need to do is save a copy of this document‚ either onto your computer or a disk • Then work through your Assessment‚ remembering to save your work regularly • When you’ve finished‚ print out a copy to keep for reference • Then‚ go to www.vision2learn.com and send your completed Assessment to your tutor via your My
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Apple-Merging Technology‚ Business‚ and Environment 1. What might have happened to Apple if its top executives had not supported investment in iPods? Had Apple’s top executives not supported investing in the iPod‚ Apple Computer‚ Inc. may have not come back from “near oblivion‚” as the textbook described. With MP3 players dominating the music world‚ Apple had a slim chance of becoming the leader of these devices. Focusing on a unique type of MP3 with features unlike others‚ investing in
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company’s marketing environment that affect its ability to serve its target customers effectively.The marketing environment can be defined as everything that surrounds an organization’s environment and can affect its operation.The business environment consists of the actors and forces that affect an organization’s ability to develop and maintain business with its targeted customers. These are the Micro Environment‚ the Macro environment and the internal environment.The micro-environment of an organization
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May 15‚ 2006 Federal Reserve Bank of Cleveland Inflation‚ Banking‚ and Economic Growth by John H. Boyd and Bruce Champ B y now‚ everybody knows inflation is bad. Hyperinflations—when inflation rates are extremely high—are the horror stories‚ but few doubt the harmful effects of inflation rates in the teens either. Over the past several decades‚ central banks around the world have been pretty successful at dramatically lowering inflation rates. Can we now stop worrying about inflation? Probably
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Unit 1 – the Business Environment Assignment 1- Types of Business Task 1 Tesco is a private organisation from the UK. Tesco is a supermarket which provides people with things they need like food and drink. It provides people with both a product and a service. In competition with Tesco are the other three major supermarkets from the UK‚ Morrisons‚ Asda and Sainsbury’s. Sainsbury’s increased its market share over the past year‚ it grew from 16.4% to 16.6% and had a growth of 5.1%. The other retailers
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standard of living within a country is increasing. It is therefore used as a way of measuring a country’s economic growth. The Business Cycle- there are discernable patterns in these levels over time‚ there will be periods of time when economic activity is rising and other times when the level of economic activity slows down. The Business Cycle The Four Stages of the Business Cycle are: Boom: A period of very fast economic growth‚ with rising incomes and profits. Inflation will rise and there will
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