VERNELL BECKUM AIU 01/08/2011 Brief of Scenario Regarding the scenario the best way to go in that situation will be a partnership. The reason for that being‚ it cause he has little financial skills and management skills. From what I know regarding starting a business. If you do not have the skills or do not know much about the process‚ then you will need help starting and running the business. Everyone has their own way to of doing things so that decision it really you to you. Just make sure that
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Chris Fowlks Student ID: 000433225 Legal Issues for Business Organizations Task 1 SOLE PROPRIETORSHIP: A sole proprietorship is the easiest and most simple business form to operate under. The sole proprietorship itself is not a legal entity. In a sole proprietorship‚ the person who owns the business is personally responsible for the business debts. • Liability: The business owner is personally liable for any claims/lawsuits against the business. If a sole proprietorship is defeated in a lawsuit
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Ethical and Legal Issues MGT/578 June 16‚ 2014 Ethical and Legal Issues Burger King known for quick service is one of the largest fast food franchises in the world. The home of the whopper is typically an easy place for the youth today to find employment. Employment opportunities within fast food are not the highest in salary range‚ and little to no experience is required‚ making employment opportunities available to all class of individuals. However‚ when you combine inexperience‚ immaturity‚ and
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Introduction Business Environment included the actors and forces outside the organization that influence management’s stability to develop and maintain successful transactions with its target customers and stakeholders. The objective is to establish the importance of analyzing the types of environmental forces. The environmental forces are political-legal forces‚ economic forces‚ socio-cultural forces and technological forces. In other words‚ these forces (PEST) strongly affect the way of business is conducted
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| HND 104 The Business Environment | HND Business Management Name: Lauren Turnbull Student No: 04008416 Tutor: Joanne Martin
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Abdullah Co-ordinator and Faculty‚ School of Business Submission date: 20.09.2012 Contents Task 1(LO1.3.1) Explain how market structures determine the pricing and output decisions of Ollo:-…………………………………………………………………………………………………………3. Task 2: Illustrate the way in which market forces shape organizational responses using a range of examples:-…………………………………………………………………………………………………4 Task 3: Judge how the business and cultural environments shape the behavior of OLLO:-……6 (Task- 4.1)
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Business Environment Meaning: The success of every business depends on adapting itself to the environment Within which it functions. For example‚ when there is a change in the government polices‚ the business has to make the necessary changes to adapt itself to the new policies. Similarly‚ a change in the technology may render the existing products obsolete‚ as we have seen that the introduction of computer has replaced the typewriters; the colour television has made the black and white television
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Task 4.1: Discuss the significance of international trade to UK business organizations International trade is the exchange of capital‚ goods and services across international borders or territories (Wikipedia.org). It is vital to the economy of a country since it may benefit a significant share of gross domestic product (GDP). Without international trade‚ the UK organizations would be limited to sell its goods and services only within their own border. Therefore‚ International trade is vital
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unlimited. 2. Leigh wants to go into the business of construction contracting. Among the reasons that would probably convince Leigh to set up his business as a sole proprietorship would be a. its greater organizational flexibility. b. its limited liability. c. its perpetual existence. d. the ease of transferring the business to other family members. 3. Kelly‚ the owner of Llama Farms‚ a sole proprietorship‚ wants to obtain additional business capital but to maintain control. This can best
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Introduction Business environment is the combination of internal and external factors that influence a company ’s operating situation. The business environment can include factors such as clients and suppliers‚ its competition and owners‚ improvements in technology‚ laws and government activities and market‚ social and economic trends. Environmental forces of political‚ economic‚ social‚ and technological factors. These factors are outside the control of the business. The business can’t do much
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