different types of business ownership‚ such as being a sole trader‚ in a partnership‚ franchises and limited companies. Sole Trader The advantages of being a sole trader are as follows; They are easy to set up – There are very few complicated forms to fill in and sole traders can set up and run a business almost immediately. They are easy to run – The owner can do what they want‚ when they want‚ without consulting with colleagues‚ as they are 100% in control of the business. Tax advantages
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UKAMi UKAMi MARKETING MANAGEMENT Analyzing Business Markets In this chapter‚ we will address the following questions : 1.What is the business market‚ and how does it differ from the consumer market? 2.What buying situations do organizational buyers face? 3.Who participates in the business-to-business buying process? 4.How do business buyers make their decisions? 5.How can companies build strong relationships with business customers? 6.How do institutional buyers and government
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recommendation on how the business can increase their profits‚ improve their customer service‚ and expand their business. I have never looked at the financial statements that are given to each shareholder. I have to present my proposals to the Vice President in the afternoon business meeting. In order for this company to get what they want‚ they must have a vision of what they are trying to achieve as a whole. In my statement‚ I am going to explain to the VP how the business can improve its customer
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radical‚ fundamentalist Muslim terrorist packing an AK-47 assault rifle inside my jean jacket”. Her tone is a sharp frustration of western culture. This literary style will most definitely attract people of her race and gender. “My Body is My Own Business” and “Chicken-Hips” discloses western cultures fallacies on what is beautiful. Naheed states that‚ “WOMEN are taught from early childhood that their worth is proportional to their attractiveness”. Catherine states‚ “I come from a culture in
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I believe that almost all of the corporation’s goal is to maximize their profit. Companies may take different approaches to maximize profit or minimize loss based on their own organizational strengths in order to achieve their goal. Indeed‚ everyone can understand how important does making profits meant to a company. Making profits not only benefit the business owners and also indicate to shareholders how well performed the company is. According to Lord Holme and Richard Watts‚ corporate social responsibility
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Rights and duties The concept of a right plays a crucial role in many of the moral arguments and moral claims invoked in business discussions. employees argue that they have a right to equal pay for equal work; managers assert that unions violate their right to manage; nvestors complain that taxation violates their property rights; consumers claim that they have a right to know. In 1948‚ the United Nations adopted a „Universal Declaration of Human Rights”‚ which claimed that „all
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obvious to many that the goal of a company is to make a profit. According to Milton Friedman‚ what many businesses do not say is that this is their only responsibility and that it is to make the highest profit possible. As members of society‚ we should be concerned that these decisions will have affect us. I believe that a business has the responsibility to make a profit‚ but it has many others as well. A business not only has to make a profit but think about the long term affects such as their employees
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cash position for the business does not equal to the profit for the period. By showing the spreadsheet‚ two financial statements and looking into theories of matching principle‚ prepayments and accruals‚ provisions(bad debts and depreciation)‚ it is not hard to distinguish the cash flow from the profit. Content It is vital to understand the cash position and the profit do not necessarily go together when running business. Profitable businesses still can go out of business because of cash flow
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Understand how to improve own performance 1.1 Explain the purpose and benefits if continuously improving performing at work. The purpose and benefits of continuously improving performance at work is important to enhance your career‚ moving up the organisation that you are working with or getting a new job with the new founded skills. Also means that you have great pride in your work and before more efficient. 1.2 Explain the purpose and benefits of encouraging and accepting feedback from others
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How Costs‚ Revenue and Profit are important for running a business? In my business and in any other business the costs‚ revenue and profit are the most important aspects for running a business as the costs are the amount that has to be paid or given up in order to get something for example in my business the costs I would have to spend in order to create my product (cupcakes) is the ingredients such as flour‚ eggs‚ icing etc. The second important aspect for running my business is the revenue as that
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