...The Princes Trust advice leaflet Business ownership & organisation Abhinav dixit Abhinav dixit Types of organisations | Explanation of ownership | Example of organisation with this ownership | Provides product or service | Local | Local shops are just in the area, and is mostly owned by sole trader which means he is on charge of the running of the business day by day. | Restaurant: trattoria sorrentina. | It could provide product and service as well depending on the kind of the business. | National | National organisation usually are more than 2 outlet under working under the same outlet brand, which means they provide the same products no matter where the outlet is.The ownership of these are partnership or stake holders. | Morrison, | They provide products food and grocery | International | International is when the organisation is working in more than 2 countries under the same brand. This organisation is plc | H&m | They all provide products such as cloths | Global | Global organisation all over the globe and this organisation are own by a stakeholders which means global company are privet limited companies. | Macdonalds, | They provide products being a restaurant fast food they provide burgers and chips and drinks. | Public | All the public organisation are made for the public benefit use and are owned by the government. | NHS, | They provide service such as health care. | Private | Privet are all owned by people who looks just for profit...
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...Faculty: Business and IT Exeter College BTEC Assignment Brief |Course Title: BTEC 90 Credit Diploma in Business/BTEC Certificate in | | |Business | | | | | | | | | | | | | | | |[pic] | | |[pic] | | | | |Assignment Title:...
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...Mandy Smith E-Business Task 1 October 5, 2013 A1. On-Line Viability: Lassen Sign Company is a small printing business located in Susanville, CA. They produce custom signs and screen printed materials for locals and businesses. Being a small town business, their attention to customer satisfaction is exemplary. They currently do not have a website and would benefit from a web presence to bring more business to the company. Having a website would be viable for Lassen Sign Company and would strengthen their customer base through convenience. It is suggested that the website be functional for customers to create their custom design and place their order online. Lassen Sign Company already has a delivery system in place and has room for growth in this aspect of the business. Currently delivery orders are primarily done via phone call. Customer feedback reflects a deficiency in order convenience. The Lassen Sign Company building itself is small with a front counter, a small lobby for customers, and a small display of product variety. Convenient online ordering and delivery will allow business expansion without having to expand geographically. Orders will be able to be submitted through the allowing employees to focus more time on their in store customers. With the convenience of delivery and functionality of the website, customers are more likely to make repeat purchases. Orders can be made 24/7 and with detailed product information on the site, customers can accomplish...
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...I am going to use the research from class to explain the types of business ownership and the sector which it operates in, the size, the scale, the size of the industry, the liabilities it has and the advantages and disadvantages of the business ownership. Type of Business Ownership and Business Sector | Snac Attack | Cameron Blake Chartered Accountants | Sole Trader- A sole trader is a business which is owned by one person. The owner can employ others but they are their responsibility.A sole trader operates in the private sector. | Business Purpose and Activity – Snac Attack provides a food and drink service to consumers and customers to people in the local area. This business aims to make a profit. | Business Purpose and ActivityCameron Blake Chartered Accountants provides a service to the North East area. They provide customers with a service which can take care of their Financial Accounts. | | Size and scaleThis business operates on a small scale in the local area, Felling. | Size and ScaleThis business operates on a small regional scale. | | SectorSnac Attack operates in the tertiary sector as they provide a service to the customer. | SectorCameron Blake Chartered Accountants operate in the tertiary sector as they provide a service to customers. | | Liabilities This business has unlimited liability. This means that the owner is liable for all the debts of the business meaning that if the business fails the owner’s personal possessions may be taken. | LiabilitiesCameron...
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...Unit Title |Starting a Small Business | Criteria Partially Covered |P4 M3 | | | |P4 – describe the legal and financial aspects that will affect the start up of the business | | | |M3 - M3 assess the implications of legal and financial aspects that will affect the start up of the business. | | | Task Introduction |You have been preparing a business proposal to show to your bank manager. The final part of your proposal will cover legal | |aspects of your business start up. | Legal aspects: legal status eg sole trader, partnership, limited company, franchise, cooperative; legal liabilities; trading terms and conditions; trading standards; licences; record keeping; resolving problems; national/local laws; regulations and bylaws;...
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...1a. Pier 1 Imports started its journey as a single store in San Mateo, California in 1962 in the industry of specialty retail goods and experienced a rapid expansion within few years. The company established its corporate headquarters in Fort Worth, Texas in 1966 and despite being in business for only four years, it already had 16 store locations. In 1972, Pier 1 Imports joined the New York Stock Exchange as a public company with a symbol of PIR and it already had 123 stores by then (“Pier 1 Imports History”, www.Pier1.com). Later in 1986, Pier 1 Imports was incorporated as a Delaware corporation and as of February 28, 2015, the company had 984 stores in the United States and 81 stores in Canada along with an e-Commerce website (10-K, p.5)....
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...Business Assignment #2 Big Business Launches a New Attack on Whistle-Blowers By Paul M. Barrett In the article Big Business Launches a New Attack on Whistle-Blowers written By Paul M. Barrett and posted this week online on www.businessweek.com, Corporations are accusing whistleblowers of taking advantage of misguided and out dated Acts while the government stands behind the Acts put in place and hope to help those who willing come forward believing it is their duty to protect those who speak out to protect from waste and government fraud. I chose to write on this article because it covers a few topics we have covered in our class including whistleblowing, ethics, big business, Acts put in place to protect businesses, employees as well as the government. Some corporations believing that some leeway should be presented for those who are found guilty of only slight oversights in their companies. The article states that Corporations are not fond of the False Claims Act (FCA). Defense contractors, drug makers, health-care providers, and others say that whistle-blowers are abusing an old federal law meant to deter fraud against the government. A Republican senator however, defends the statute as a “shield against corporate rip-offs. The FCA will allow individuals to sue companies doing business with the government as a deterrent to fraud. If this suit succeeds, the individual may keep a portion of the recovery. In a small percentage of cases, the Justice Department...
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...The Business Environment In this assignment I am going to be explaining how the style of organisation fulfil their purposes, I am going to do this by defining the different business terms and how this affects the Business. Business environment Gross profit is the difference between revenue and the cost of making a product or providing a service, before deducting overhead, payroll, taxation, and interest payments.Net profit is the sales and revenue made over the net on the online database on how much sales the company had made also the taxes and profit they make from net profit. Dixons gross profit is increasing. As its annual report suggests they had made a lot of net sales and generated a lot of profit from it. Recession/Survival Recession is when the economy is at a low and most companies are at a crisis. This is when the company cannot always pay their taxes or stock on time and they will have to increase their profits above targets in order to stay stable during the recession period. The recession can impact Dixons Objectives by making them struggle in generating profit and customer satisfaction as Dixons will have to increase their prices on the products and force to make more sales which can bring unhappy customers to them in doing so. This affects their objectives by a lot. Growth/Market share Market share is the total purchases of a customer of a product or service from Dixons, what percentage goes to a company defines its market share. In other words, if consumers...
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...SITUATION A Issue For Review: Employee A requested to be paid for his 11 week LOA. Management denied request. The Family and Medical Leave Act of 1993 (FMLA) The Family and Medical Leave Act (FMLA) is a U.S. federal law which requires employers to provide eligible employees at least 12 weeks of unpaid, leave of absence (LOA) time for certain qualifying medical or domestic reasons. The mandates of FMLA guarantee that the returning LOA employee will be reinstated the same or equivalent position, job duties, rate of pay, and benefits they held prior to taking leave. Covered Employers Eligible Employees • Private Sector Employers - Any business with 50 or more employees who have worked for 20 or more work weeks within the current -or last- calendar year. • State/Federal Agencies • Labor Unions • Employment Agencies • Employee must work for a federally recognized covered employer. • Employee has a minimum 12 months of service for employer; prior to a LOA, employee must have accrued service hours which total 1,250 or more. • Employee reported to a main work location which has a minimum of 50 employees within a 75 mile radius. Qualifying Reasons For FMLA: Serious Medical Condition - The employee cannot perform their job duties due to serious health issues. Military Service - Hardship resulting from spouse, child, or parent who is an active member of the military and is called into active service / deployment. Family Health Condition - Employee must care for...
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...Assignment 1: Corporate Responsibility and Marketing Strategies Dustin Quintana Stayer University BUS508 Dr. Brian Grizzell March 6, 2014 Introduction In the corporate world, it is easy to think that the ultimate goal is to make profits. However, it is this type of thinking that can ultimately lead to the failure of an organization. When a company simply thinks of profits, it is likely to find itself in trouble with the government, with stockholders, and with the public. In today’s world, more so than ever, it is important for a company to thinking about its ethical and social responsibilities to its employees, its consumers, its shareholders, and to the general public. By focusing on ethical and social responsibilities, a company is likely to be able to gain recognition as a good employer, a good investment, and a good company to purchase products and services from. One company that has come into the spotlight in recent years for ethical and social responsibility adherence and violations is Apple. The technology giant is very well known for its products and services and is widely recognized as an industry leader in the development of new technologies in several fields. Apple has even gained a reputation as a good employer. Yet, despite all of this, Apple has not been able to avoid the spotlight for having shortfalls in its ethical and social responsibilities. Examine Apple’s current position on the company’s ethical and social responsibilities, and determine...
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...us have had personal experiences with small business—as an owner, employee, friend, or relative of an owner, or in other relationships. Explain one or more such experience(s) you have recently had. I recently quit my job as a production coordinator and BCBG. This was a large company and in the end I realized that the benefits of a large company did not outweigh what I was losing in terms of personal job satisfaction. I returned to a much smaller business which only has 7 employees, including myself. I find that this provides me with more opportunity to learn all aspects of the business and gives me a more solid base of knowledge to build upon when I go to start my own company. After returning to a small business I found myself sleeping better at night and being excited to wake up in the morning and go to work, never knowing what fun tasks the day held for me. My coworker is always available and since she has personally done every job in the entire company, is a walking encyclopedia of knowledge and is able to answer every question I have. I also enjoy having a direct communication line to the owner of the business and approvals for projects and tasks are instant! I love it and couldn’t be happier. Best career move I ever made. 1.4) Distinguish between a small business and an entrepreneurial venture. If you were to start your own business, which would you wish it to be? Why? According to the text, a small business is independently owned and operated and is ...
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...Strategic Plan Part 1: Conceptualizing a Business 1 Strategic Plan Part 1: Conceptualizing a Business BUS/475 - Integrated Business Topics Michael Portillo August 29, 2011 Strategic Plan Part 1: Conceptualizing a Business 2 GPS Marketing is a marketing company that specializes in getting qualified guaranteed prospects to see in front of independent insurance agents. GPS actually stands for “Guaranteed Prospects to See”. GPS Marketing guarantees every agent that comes aboard with our company that we will put them in front of at least 15 qualified prospects. GPS Marketing’s mission statement is “ Our goal is to get independent insurance agents in front of qualified annuity prospects on a favorable basis which in return increases their income substantially. We do this in a multitude of ways and we want to show you just how we can help you and your business.” In the following paragraphs is a description of how GPS Marketing can do just that. Our first program that we offer our independent insurance agents is our GPS program or our Guaranteed Prospects to See Program. GPS guarantees each of our new independent agents that we will send out one-thousand mailers which are done through direct mail. GPS sends this direct mail to a particular demographic. What this means is that this mailer will only be sent to those individuals that make at least an income of $50,000 or more, own their own home, and are between the ages of 50 and 70 years old. GPS does this for the agent...
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...Proposal for Business Expansion Online Presented to J. Smith Construction Co. J. Smith Construction Company is a small, but talented, general contractor and building company. The company specializes in remodeling and room additions with an emphasis on kitchen and baths. J. Smith has the experience and ability to add residential and commercial building projects, starting from the ground up. It has the personnel and suppliers, in place, to take on several projects, simultaneously. J. Smith has a website built. The basic graphics the company has chosen, the services offered, former customer referrals, pictures of previous jobs completed, contact information, is good. This website is not getting the attention it needs, though, because J. Smith currently does not have any online tools in place to attract a new customer base to it. The company is located in the moderately sized area of Branson, Missouri and has been doing business for about 17 years. The business has held its own for several years, but, a change in location and recessionary times have created a need for growth to survive. An untapped source for growth, Springfield, Missouri, a much larger city than Branson, is about 30 – 40 miles away and should be considered. Due to the recessionary downturn in the economy, marketing funds are limited. Creativity will be needed to stretch available finances. Paying thousands of dollars for ads in a phonebook are costly....
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...An Inventor and His Struggles to Start His Business Troy Wollenbecker AIU Online Abstract Troy has an invention that he wants to start a business around. He finds out very quickly all the questions he needs to find answers to. Troy has a family and low net worth to get things moving. Troy also knows little about managing and financial responsibilities of running a business. These are all struggles Troy faces in the midst of inventing and patenting my project. Making the correct decisions is vital to the success of my business. After reading through the scenario at hand, I have come across some issues that need to be resolved. First, I need to decide on the structure of the business. Second, I am limited on funding for my start-up costs. Third, I am not skilled at business financials or management in business operations. Finally, the market is saturated and annual growth is only two percent. Over the next few paragraphs I will compare and contrast the different types of ownerships in business, and hopefully make a managerial decision on the scenario. Sole Proprietorship: This is a Non-Corporate form of ownership. Some examples of the advantages of this type of business ownership are easy to start-up, low cost, and it is very simple to structure. Disadvantages are that you are solely responsible for all the debt incurred by the business, and it is very difficult to sell in the future. Also, the success is often dependent upon the sole proprietor and his...
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...Business Ownership P1 Organisation 1 – NHS The NHS is a national public sector health service maintained and paid for by the UK. The NHS was founded in 1948 in an attempt by the then heath secretary, Aneurin Bevan, to bring good healthcare to all. It was founded to provide affordable healthcare to the citizens of the UK who need it. Today the NHS has a very good reputation as it continues to provide good healthcare to those in need, they currently employ over 1.6 million government people to achieve this endeavour. The NHS is a national business as it only operates in the UK and only provides its services to those living in the UK. It only operates in the tertiary sector as they provide a service for the public but do not manufacture, sell or harvest raw materials. Because it is a public business it doesn’t make a profit instead it uses it’s funding to help with the financial burden of medical procedures. There are down sides to this for example the NHS don’t always have the most up to date equipment. Because the service is maintained and paid for by the government they are the ones that will be held liable for any problems with the way the NHS runs or if it overspends. The NHS is limited by their annual budget for the year 2015 their budget was £115 Billion. Organisation 2 - Starbucks Starbucks Coffee is a privately owned American global coffee company and coffeehouse chain. Public limited companies become a legal entity whose assets and liability are separate from their...
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