CHAPTER 3 1. 6 Elements of a Retail Strategy Figure 3-1 p. 55 TV 2. 3 Ownership and Management Alternatives p. 57 3. Image and Positioning (re: Marketing Mix) p. 64-66 4. 3 Target Marketing Techniques – Strategies Table 3-3 p. 67 5. Retail Strategy: the Role of Controllable & Uncontrollable Variables Figure 3-9 p. 69-72 Sample of a Strategic Planning Template Table 3-5 p. 74 CHAPTER 3 STRATEGIC PLANNING IN RETAILING
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1. “Accounting is ingrained in our society and it is vital to our economic system.” Do you agree? Explain. I agree because I think Accounting is part of our economic system specifically in business and we all know that in order to maintain the competitiveness of our economic system all over the world is to uplift the business society that’s why Accounting is vital to our economic system. 2. Identify and describe the steps in the accounting process. 1. Identifying the financial transaction
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Macro Unit 2 Lesson 1: What is the difference between macro and micro? Federal Debt graph: http://research.stlouisfed.org/fred2/series/GFDEBTN In the circular flow the seller receives exactly the same amount that the buyer buys (exclude tax) In the circular flow diagram‚ how do we account for profits? What happens if there is a disruption in the circular flow diagram? Individuals are concerned with income distribution. (wages) 1 Households C as spenders must consider the following:
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Week 5 : C Corporations Concluded - Homework ES Page 1 1. (TCO E) For federal tax purposes‚ royalty income that is not derived in the ordinary course of a business is classified as: (Points : 5) portfolio income. answer active income. passive income. None of the above 2. (TCO F) When comparing corporate and individual taxation‚ the following statement is true: (Points : 5) Unlike individual taxpayer‚ corporate may not have a long-term capital loss carryforward
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to be taxed like a partnership or sole proprietorship” (Lau‚ 2012‚ p. 367). As far as income taxes‚ their owners don’t bring in the amount of revenue as larger corporations do and this will allow them not to be double tax so they are allowed to report their profits or losses on their personal income tax returns. “A LLC is not a separate tax entity like a corporation; instead‚ it is what the IRS call a “pass-through entity‚” like a partnership or sole proprietorship. All the profits and losses of LLC
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of the following are characteristics of a sole proprietorship except: a. a business owned by one person. b. owner has control of the business. c. a separate legal entity. d. small owner-operated business. 2. All of the following are characteristics of a corporation except: a. a separate legal entity b. ownership evidenced by shares of stock. c. produce eight times more revenue than sole proprietorships and partnerships in the United States.
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TASK THREE BALANCE SHEET The accounting balance sheet is one of the major financial statements used by accountants and business owners. (The other major financial statements are the income statement‚ statement of cash flows‚ and statement of stockholders’ equity) The balance sheet is also referred to as the statement of financial position. The balance sheet presents a company’s financial position at the end of a specified date. Some describe the balance sheet as a "snapshot" of the company’s
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the company. “What are the three basic forms of business ownership? What are the advantages and disadvantages to each” (Cornett‚ Adair‚ &Nofsinger‚ 2014‚ p. 21)? The three basic forms of business ownership are sole proprietorship‚ partnership and corporation. A sole proprietorship is where the business is run by a single person. The advantages of this form of ownership are as follows: • This is the easiest form of business to start • This is affected least by regulations • There is no question
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when he/she start a new business. There are many different ways of flying kite and each way of it can be compared with different form of business organisation. Some people have the habit‚ skill and talent to fly the kite on their own like Sole Proprietorship form of business where whole business is handled by a single person similarly some have the habit to take the help of the others to fly a single kite like Partnership form of business where each partner take the help of the other to take important
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terms of organizational costs‚ which of the following sequences is correct‚ moving from lowest to highest cost? a. General partnership‚ sole proprietorship‚ limited partnership‚ corporation b. Sole proprietorship‚ general partnership‚ limited partnership‚ corporation c. Corporation‚ limited partnership‚ general partnership‚ sole proprietorship d. Sole proprietorship‚ general partnership‚ corporation‚ limited partnership 2. The true owners of the corporation are the a. holders of debt issues of
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