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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BUSINESS ENVIRONMENT OF PRE-BRITISH INDIA PROJECT BY: BHAVANA BHATIA-7 REUBEN DANTES-9 CRYSTAL D’SOUZA-11 ALISHA PEREIRA-38 TANUSHREE SHARMA-47 GAURAV TALERA-52 Executive Summary It is the past which shapes what we become in the present. Most of what we do and follow today has been decided in the past which is why we have to understand who we were to become who we have to be. India is one of the few civilizations which has been in existence for more than 5000 years. India is a homogenous culture
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service. It operates under a public limited ownership as a tertiary business. A public limited company (PLC) means it is able to offer shares to the public. The owners of these PLC’s are the main shareholders. A tertiary business is one that provides a service to other business or individuals. Federal Express (later known as FedEx) was established in 1973. Ten years later‚ the company reaches $1bn in revenue – the first US business to achieve this status without merger or acquisition. Services extend
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retail business. British supermarket chain Asda was recently taken over by American retail and wholesale giant Wal-Mart. After retaining the name Asda‚ the supermarket chain has grown and opened stores across the UK‚ recruiting many employees along the way. The recruiting policies have undergone a major re-vamp with a large local recruitment drive. Recruitment drives are sometimes conducted seasonally‚ like during Christmas‚ when extra part time staff is hired to cope with the rising business. Applications
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1200 supermarkets and convenience stores‚ online groceries and general merchandise operation. Sainbury’s supermarkets and convenience stores sells a variety of fresh and ready made products . Sainsbury’s Bank plc is a british bank owned by the company. The bank provides a range of financial products including insurance‚ credit cards‚ savings and loans Attracting Customers Excellent customer service A business can persuade a customer to keep coming back through good customer service as it ensures
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Project is defined as a collaborative enterprise‚ involving research or design that is carefully planned to achieve a particular aim. Projects can be further defined as temporary rather than permanent social systems or work systems that are constituted by teams within or across organizations to accomplish particular tasks under time constraints. Project management is the process and activity of planning‚ organizing‚ motivating‚ and controlling resources‚ procedures and protocols to achieve specific
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8 Opportunities 8 Threats 9 III. External business environment: Key challenges and implications 10 Political and legal 10 Economic and Financial 11 Social‚ cultural‚ and Environmental 11 Technological 12 IV. Conclusion 13 Sources 14 Introduction For businesses‚ globalization is a great opportunity to stretch further and thus reach another level. Hamilton and Webster (2009) state that “globalization generates opportunities for business to enter new markets‚ take advantage of differences
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SOLUTIONS TO PROBLEM SET A PROBLEM SET A 2.1 (b) Service Revenue $19‚000 Expenses: Salaries Expense $1‚200 Rent Expense 400 Advertising Expense 1‚300 2‚900 Profit $16‚100 OR Increase in Retained Earnings ($15‚700 - $0) $15‚700 Add: Dividends 400 Profit $16‚100 PROBLEM SET A 2.2 (a) Bell Consulting Pty Ltd Assets Liabilities Equity Date Cash + Accounts Receivable + Supplies + Office Equipment
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1.0 Introduction 1.1 The marketing environment which made up of microenvironment and macroenvironment surrounds and impacts upon the organization. The microenvironment includes forces close to the company that affect its ability to serve consumers‚ such as other company departments‚ suppliers‚ competitors‚ and consumers. According to Armstrong et al (2006‚ pg. 61) the macroenvironment consists of larger societal forces that affect microenvironment which is the demographic‚ economic‚ natural‚ technological
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OMIS 627 – Thursday NAPERVILLE Buffalo Distributors Inc. Relationship Strategy Martin Lammer‚ Joseph Pullins‚ Cynthia Romano 4/17/2014 Needs and Objectives In order to execute a successful purchasing negotiation‚ it is important to understand Buffalo Distributors’ needs and objectives. Buffalo’s needs are determined by their acceptable level of profit‚ which $1 billion‚ or $1.52 billion pre-tax. The Company will need to price accordingly to attain that profit level with consideration to all
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