WANT: Want refers to those goods and services which are not essential for our living but we require them for a better living. They make our life easy and enjoyable. Example: 1. Mobile 2. Computer 3. Electricity 4. Television etc. Need is limited but want is unlimited. Need can’t be created; it already exists but want may be created. Definitions of Business • We all are involved in business in some-way or other. • Business is something with which we live. • Business needs people
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supermarket Woolworths and its parent company Woolworths Limited. This report will explore the success Woolworths and its contribution to the Australian economy. It will examine the following subjects: * About Woolworths * Business Structure * Responsibilities to Stakeholders * Internal and External Influences * Strategies for Future Growth About Woolworths Woolworths is a conventional supermarket owned by Woolworths Limited. It started as a basement store in Pitt Street in 1924
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Advantages and Disadvantages of a corporation- Advantages: * Separate legal entity * Limited Liability * Ease of capital generation * Lack of mutual agency * Continuous existence * Centralized authority and responsibility * Professional management Disadvantages: * Government Regulation * Double taxation * Limited Liability * Separation of ownership and control Advantages and Disadvantages of using common stock to finance your business- Advantages:
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2.1 Company History The Gul Ahmed group began trading in textiles in the early 1900’s. With all its know-how and experience‚ the group decided to enter the field of manufacturing and Gul Ahmed Textile Mills Ltd. was incorporated as a private limited company‚ in the year 1953 with a paid up capital of Rs. 8 MM. The Company started out as an integrated unit manufacturing cotton yarn and cloth (grey/finished). It commenced operations in 1955 as an unquoted public company with a paid up capital of
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The Law of Partnerships: Scott Osborne The applicable law: Partnership Act 1892 (NSW) The relevant law is contained in the Partnership Act (PA) of each of the jurisdictions. All are based on the PA (1890) UK Act. The contractual nature of Partnerships Partnerships are essentially contractual. Defining a Partnership [s.1 PA 1892 NSW] The PA defines a partnership as “the relation which exists between persons carrying on a business in common with a view of profit” Partnerships
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of a joint-stock company is often synonymous with incorporation (i.e. possession of legal personality separate from shareholders) and limited liability (meaning that the shareholders are only liable for the company’s debts to the value of the money they invested in the company). And as a consequence joint-stock companies are commonly known as corporations or limited companies. Different Ways of the Winding up of the Joint Stock Company: Winding Up of A Company: The company is created by law‚ when
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------------------------------------------------- Parle-G From Wikipedia‚ the free encyclopedia Parle-G biscuit Parle-G or Parle Glucose is a brand of biscuits manufactured by Parle Products in India. As of 2011‚ it is the largest selling brand of biscuits in the world according to Nielsen.[1] Contents [hide] * 1 History * 2 Marketing * 3 References * 4 External links ------------------------------------------------- History[edit source | editbeta] Parle Products was
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Introduction: Square Pharmaceuticals Ltd. (SPL) has been the trendsetter in Bangladesh Pharmaceutical Market since its inception in 1958. Over the last decade SPL actually rose to a new standard moving beyond manufacturing quality medicines to win mindshare of patients‚ physicians‚ shareholders‚ business partners‚ and communities where we work and live. Our dedication to add more value to the common wealth of the society compounded by innovative strategies for
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CHOOSING A LEGAL FORM OF BUSINESS Choosing a Legal Form of Business Dannie L Holmes CHOOSING A LEGAL FORM OF BUSINESS Abstract Many of us probably have the thought of becoming an entrepreneur. With this thought comes many questions and you must have a plan. Let us say that you have an idea for a new kind of home appliance. You are convinced that this new technology idea would be applicable in a wide range of other products. With this idea in mind you have a few
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legal documents; 5. Open membership: The membership is open to any person in any part of a country. It means anybody can become a shareholder of the company by purchasing the required number of shares of the company; 6. Limited liability: The liability of shareholders is limited to the nominal value of the shares held by the shareholders; 7. Free transferability of shares: The shareholders have liberty to transfer or sell their shares to any person and this transfer or sale has to be effected as
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