Legal structure of the business Different businesses depending on their legal structure are able to obtain different sources of finance easier than others. For example a larger company may be able to obtain a loan easier than a smaller business. I will now go on and look at the different legal ownerships are and talk about their financing. Sole traders A sole trader is usually owned and controlled by one person. Small businesses such as sole traders are usually financed by the owner’s own personal
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Sources of Motivation To be motivated‚ according to Arthur Schopenhaur‚ is to be moved into action. This definition of motivation implies that there must be someone‚ something‚ or some internal drive that propels one into action (Deckers‚ 2005). Therefore‚ any action committed by an organism is induced by either internal motives or environmental incentives. Driven by motives‚ a person will work to achieve positive incentives and to try to avoid negative ones. An incentive is the reward or aversive
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Internet Source Criticism * WWW.DKIEL.COM The source that I’ve chosen for this assignment goes under the URL www.dkiel.com. I found this source by googling a specific event during the early modern period rather than the whole topic itself and then I found this source by googling reformation early modern period. I came directly to an article (http://www.dkiel.com/Reformation/EnglishReformation.html) that was under the possession of www.dkiel.cOM. The source’s top level domain is .com‚ which
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AMERICAN EXPRESS OUR STORY Becoming American Express: 150+ Years of Reinvention and Customer Service INTRODUCTION The story of American Express is a fascinating one‚ filled with interesting and sometimes quirky characters who -- through a combination of brains‚ perseverance and luck -- shaped the company’s development during the past century and a half. The express company that forwarded freight and valuables evolved into a company that created and sold financial products like money
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areas: 1)focusing on the individual entrepreneur 2) his environment or 3) the actual activities undertaken by the entrepreneur during the start-up process. Sources of Opportunities If opportunities have such an integral role in entrepreneurship‚ where do they come from and what are their characteristics? Researchers have categorized the sources of entrepreneurial opportunity in many different ways: i. Discipline - psychology‚ sociology‚ economics‚ management‚ ii. Level of analysis (micro‚ meso‚ macro)
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Advantages of marginal costing (Relative to the absorption costing) Preparation of routine operating statements using absorption costing is considered less informative for the following reasons: 1. Profit per unit is a misleading figure: in the example above the operating margin of Rs2 per unit arises because fixed overhead per unit is based on output of 5‚000 units. If another basis were used margin per unit would differ even though fixed overhead was the same amount in total 2. Build-up or run
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Evaluate American Express in terms of ‘brand equity’ What are the benefits‚ strengths and weaknesses associated with the company? American Express is an American financial-service‚ which has been known as the paramount of brands among high-end customers. They have continued to build its brand in a steady and consistent manner which is a strength that the service has. It is known to be one of the few truly differentiated brands within the financial category. American express creates a balance
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company objectives and resources. Answer: True False Question 3 Marks: 1 In general‚ a company should enter only segments in which it can ________ and ________. Choose one answer. |a. gain advantages over competitors; differentiate its products|| |b. offer superior value; gain advantages over competitors|| |c. identify behaviors; understanding spending power|| |d. offer superior value; ship faster|| |e. offer lower prices; ship faster|| Question 4 Marks: 1 Procter & Gamble sells
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accomplish a goal. Receiving a reward or incentive alter a goal is completed will keep them motivated and continue to strive to become successful. Motivation is a type of energy that keeps us going and trying to reach our goal. Internal and external sources are complementary in order for motivation to occur. Without motivation there’s not a will or a want to get the job done rather its internal or external. Motivation is the key to success and rewards. I feel people need motivation regardless if its
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A board member for American Express has brought up the fact that some companies are starting to refuse hiring smokers and that the same should be discussed at the next month’s meeting. He brought this to attention due to the fact that medical costs are rising 10 to 15 percent a year. Employing a smoker‚ on average‚ cost about $4000 more a year because of higher Health-Care cost and lost productivity. Smokers will have 50 percent more absenteeism and because of smoke break will work 1‚817 hour less
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