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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Ownership and structural forms of business organization‚ applicable laws‚ requirements for their formations‚ and advantages and disadvantages Type of Ownership * Single or Sole Proprietorship. It is a form of business organization which is owned by one person. The owner personally manages his business. Most of businesses in the Philippines (including those which are not registered) belong to single proprietorship. Examples are retailers‚ market vendors‚ barbers‚ tailors‚ and so forth. a)
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(If you need to edit any part from my text‚ please do. Your corporation is highly appreciated. Thank you.) Product or service Description ✓ Details of the product/service ✓ What need does the product meet for customers? ✓ What is unique about the product/service? ✓ Competitive advantage ✓ Barriers to entry Strategies to overcome barriers Questions: What are the technology and equipment that we are using in the carwash The answer is on the highlighted sentences
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Description of Business Khaddy’s Egg Supply (KES) will be a sole trader business involved in the production of eggs for the people of Bonham Spring‚ bakeries‚ restaurants‚ supermarkets etc. KES will purchase young layer chick and feed from North Agri-Supplies. We pride ourselves in providing quality eggs and outstanding services to our customers. Justification of Location The KES farm will be located in the rural area of Exchange. Reasons for locating
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abilities to finish this principle of business school based assessment. I give my gratitude to my principle of business teacher for helping me in the completion of this project. I thank my fellow family members for their never ending patience. I give thanks to everyone who helped me in the completion of this project. Without all your constant supervision it would not have been possible. Thanks to everyone who had faith in me and the listening hear that each and every one of them gave.
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Name of business : RICE DEALER Description of business Rice is an important primary staple food in Philippines like other Asian countries. Filipinos love to eat rice‚ which is being served almost three times a day in our tables. People in Luzon‚ some parts of Visayas and Mindanao usually consume 100 million metric tons of rice per year! This indicates that there is a high demand for this commodity in our country. If you will be posting for this topic‚ please follow this template‚ and post it here
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law passed by congress‚ state legislatures and governing bodies. 3. Regulations created by administrative agencies. 4. Case law and common law doctrines. Constitutional law – the federal government and the states that set forth the general organizations‚ powers‚ and limits of their respective governments; law that is based on US constitution and constitutions of various states. Administrative law –which consist of the rules‚ orders and decisions of administrative agencies. Case law – the doctrines
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four different forms of business organization. It is a review of the advantages and disadvantages of each form‚ including the tax‚ legal‚ and‚ accounting implications that surround them. The different type of financial statements associated with each form of business organization is also discussed. In this paper‚ based upon the synopsis that the government has released funds for creating small businesses‚ a form of business is chosen by the class member in explaining his business idea. It then
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Faculty of Business and Environmental Studies T1/13 Coursework Assignment Diploma in Engineering Business Management Module: 102KM Business Organization Assignment Title: Types of Business Organizations Date & Time of Submission : Week 10 (22:00) Assignment Weighting : 50% Word Limit : 3000 words Description of Assignment This is an individual assignment and carries 50% of the module weightage. A business can have a number of different types of
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and the school as a whole. I really hate school but I need more money. Identify potential tort risks that arise in the business context Many organizations contend with tort liability and management in the day-to-day business. The proper management and protective measures to minimize the organizations spotlight tort liability has become a key to efficient operating a business. Employers usually speak to attorneys when dealing with certain issues. The textbook revealed that the three categories of
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