Business Entities Cases BUS 415 July 9‚ 2012 Restaurant/ Bar Case Lou‚ Jose and Miriam can go into business in the form of a corporation‚ or partnership‚ or LLC where Miriam provides monetary capital‚ while Lou and Jose provide manpower. An operating agreement or purchase-option agreement should be established under which Lou and Jose could each buy a predetermined portion of the business at a predetermined cost. If they choose to establish
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employees and they also motivate each other. Hutchinson motivates his employees in the workplace by the open door policy. This policy ensures that all employees feel like they can talk to anyone in the business‚ regardless of hierarchy‚ about any issues or problems that have arisen in the business. This means that the Tayto employees can voice their opinions openly to managers and directors‚ who will take on board their point of view. This ability for them to voice their opinion and for it to be
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Question No. 1 Answer: E-Business is the term used to portray the information frameworks and applications that bolster and drive business forms‚ regularly utilizing web technologies. E-Business permits organizations to connection their internal and external procedures all the more effectively and adequately‚ and works all the more nearly with suppliers and accomplices to better fulfill the needs and desires of their clients‚ prompting upgrades in general business execution. While a website is a standout
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Balance sheet- a picture of what a business "owns‚ owes‚ and is owed" at a specific point in time. Profit- the amount of money left over after costs have been covered = TOTAL REVENUE - TOTAL COSTS Operating Profit- the profit the business has made from its normal business activities Capital Employed= share capital + reserves + long term liabilities Profit Quality Evaluation A rising level of profits is not always an indicator of a successful business Is the profit the result of a sudden
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interacting activities designed to plan‚ price‚ promote and distribute products to present and potential customers Role of marketing • Strategic role of marketing goods and services A common goal in business is profit maximisation. The strategic role of marketing is to translate this into a reality. The business will look to how it can increase its sales‚ and that means there will be an increase in profits. The marketing plan helps show strategies in how profits can be achieved in the short-term‚ and
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Explain the importance of effective communication in a business. Effective communication is key for the success within a business. In all organizations‚ it is necessary for people to communicate with each other in various ways. Effective communication involves four features; a sender‚ a medium of communication‚ a receiver and feedback. The sender is someone who passes on information to others. The medium of communication is the way in which the message is sent. The receiver is the person who the
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CU 672: Handle Mail Understand Security procedures when handling mail or Packages. 1.1 Explain the purpose of security procedures for handling mail or packages. In a business environment it’s essential that you have correct mail handling procedures in order to keep information safe and secure this can be client’s details‚ account details‚ personal information of employees etc. This needs to be protected in order to avoid illegal misuse of data and personal information leading to fraudulent activities
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AB1301 Business Law 2012/13 Semester 1 TABLE OF CONTENTS CHAPTER 3: OFFER AND ACCEPTANCE ........................................................................................... 1 3.1 Offer ........................................................................................................................................... 2 3.2 Acceptance ................................................................................................................................ 3 3.1 Electronic
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sacks Lime (Apog) P 2.65 per kilogram 1‚000 kilograms Fig. Fertilizers needed in 10‚000 sq. m. fishpond as provided by BFAR. At the start of the business operation‚ the bangus fingerlings will be purchased. As suggested by the BFAR personnel‚ fingerlings stock will be bought at Opol since it is closer to the business area. However as the business continues‚ the group decided to have stunting pond nearby for enough supply of fingerlings all-year around. The fish nets needed for the pond will be
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Maxwell that the only ethical guideline you need for business ethics is the Golden Rule? How does Gill react to Maxwell’s view of business ethics? A: I don’t agree with John Maxwell that the Golden Rule should be the only guideline to making or determining if a decision is ethical‚ as one should look at the big picture in its totality. The Golden Rule for me personally is a standard in helping to make
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