In the United States or Canada there are many forms of business ownership. Many business owners‚ in the US‚ who decide to start-up their own business must carefully choose a form of business ownership for their corporation‚ this will determine the legal arrangements of the business. The reason it is important for a business manager to choose a legal development for his company is because this decision will have an effect on matters such as taxes and regulatory requirements. If an executive manager
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2.0 The Different Types of Business Activity By the end of this chapter‚ you should be able to: • Classify entities into primary‚ secondary and tertiary sectors • Explain features of public and private business • Understand the different forms of merger and take-over • Compare methods that measures the size of a business Levels of Economic Activity Stage Business Involved Primary Woodcutter Secondary Furniture Makers Tertiary Retailer Example – Stages in the production and sale
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TYPES AND FORMS OF BUSINESS ORGANIZATION A business organization is frequently referred to as a business entity. A business entity is any business organization that exists as an economic unit. Business entities can be grouped according to the type of business activity they perform. 1. Service companies perform services for a fee. This group includes companies such as accounting firms‚ law firms‚ repair shops‚ and many others. 2. Merchandising companies purchase goods that are ready for
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BBI20-INTRODUCTION TO BUSINESS Unit 1 BUSINESS FUNDAMENTALS Business Categories and Types of Business Ownership Learning Goals: I will be able to describe and give examples of the two business categories. I will be able to describe and give examples of the five types of business ownership. A business: Produces and/or sells goods and services to customers/consumers Business Categories 1. For Profit: makes money (most businesses under this category) 2. Not for Profit: Helps
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Part I: business writing steps • Analyze audience • Identify target audience 1. Store managers. 2. Store employees. 3. Retail customers and public. • Identify communication channels. 1. Oral and written • What message is intended to 1. Persuade‚ inform‚ or built goodwill. • Organize 1. The structure and format of the message. 2. Clear and concise communication. 3. Proofread message. 4. Deliver the message. • Follow-up and feedback 1. Was message
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Nghi Le PHIL 301 Professor Stieb Midterm Exam‚ May 2‚ 2013 1/ What is ethics? What are some common ethical types? Why do business people need it? Can ethics be taught to people? Ethics is a study of morality‚ stems from the ancient Greek “ethos” meaning custom or habit. It is a study of theories concerning what is good and evil in human conduct. There is no particular set of laws defining what is ethical and what is not‚ because there is no right or wrong answer. The second sense of ethics speak
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Describe the type of business‚ purpose and ownership of two contrasting businesses. Type of business The two different companies I will be looking at are Tesco and The British Heart Foundation. Tesco is an organisation which produces profit by selling goods to the general public‚ they usually sell food but now they are gradually bringing in other products‚ for example home décor and clothing. Tesco has different brands within the brand itself‚ for example they have Tesco’s Finest‚ Best of British
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COMPANIES Starting a business in India requires one to choose a type of business entity. In India one can choose from five different types of legal entities to conduct business. These include Sole Proprietorship‚ Partnership Firm‚ Limited Liability Partnership‚ Private Limited Company and Public Limited Company. The choice of the business entity is dependent on various factors such as taxation‚ owner liability‚ compliance burden‚ investment and funding and exit strategy. Lets look at each of
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DEPARTMENT EXAM TEST BANK SPRING 2011 True/False Indicate whether the sentence or statement is true or false. __F___ The Offeror Is The Party With The Power To Decide Whether To Create A Contract. __T___ An offer made as a joke‚ where a reasonable person would conclude that it was made as a joke‚ cannot result in a contract. __T___ The communication of an offer can be made by the offeror or the offeror ’s agent. __T___ Generally‚ advertisements‚ catalogs‚ price lists‚ etc. are not treated
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time for you to use your knowledge of formal language and writing to solicit a desired outcome of your own—a job! You are going to write a cover letter to a potential employer in regards to a job in which you are interested. A cover letter is a document sent with a résumé to highlight unique skills and qualifications and to express interest in a position. The letter should be three to five paragraphs and include the following: proper business headings‚ greetings‚ and salutations your reasons for
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