...Business Concepts : 'The general idea behind a project, campaign or slogan' The important things to start up a business is to look at each concept of business of small scale and large scale business. e- business also plays a vital role in business concepts. References: * Small Business Management and Entrepreneurship by David Stokes and Nicholas Wilson Chapters /topics: * Understanding small business and entrepreneurship * Creating entrepreneurial small business * Managing the entrepreneurial small business * Case studies * The Small Business Start-up Workbook: A Step-by-step Guide to Starting the Business You've Dreamed of by Cheryl D. Rickman Chapters and topics: * Where to begin-What the big idea? * What to do and sell-Opportunities, products and services * Researching your Market ,Target Audience and Opportunity * Defining your brand * Figuring Out the Finance: Costs, Funding, Grants and Loans * Marketing and Selling your products and Services * The importance of good customer Services * Planning and creating a website that works * Launching and Promoting * How to manage and grow * Entrepreneurship and Small Business Management by Steve Mariotti and Caroline Glackin Chapters/Topics: * Sources/funds debt & equity * right location & layout * Global aspects of entrepreneurship in global economy a competitor six time zones away is potentially a serious threat as the competitor . ...
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...No. 2014-17 November 2014 Business Combinations (Topic 805) Pushdown Accounting a consensus of the FASB Emerging Issues Task Force An Amendment of the FASB Accounting Standards Codification® The FASB Accounting Standards Codification® is the source of authoritative generally accepted accounting principles (GAAP) recognized by the FASB to be applied by nongovernmental entities. An Accounting Standards Update is not authoritative; rather, it is a document that communicates how the Accounting Standards Codification is being amended. It also provides other information to help a user of GAAP understand how and why GAAP is changing and when the changes will be effective. For additional copies of this Accounting Standards Update and information on applicable prices and discount rates contact: Order Department Financial Accounting Standards Board 401 Merritt 7 PO Box 5116 Norwalk, CT 06856-5116 Please ask for our Product Code No. ASU2014-17. FINANCIAL ACCOUNTING SERIES (ISSN 0885-9051) is published quarterly by the Financial Accounting Foundation. Periodicals postage paid at Norwalk, CT and at additional mailing offices. The full subscription rate is $242 per year. POSTMASTER: Send address changes to Financial Accounting Standards Board, 401 Merritt 7, PO Box 5116, Norwalk, CT 06856-5116. | No. 406 Copyright © 2014 by Financial Accounting Foundation. All rights reserved. Content copyrighted by Financial Accounting Foundation may not be reproduced, stored in a retrieval...
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...Abstract This paper describes how Hollywood movies can be used in the classroom to exemplify business ethics, customer service, gaol achievements, etc. The movie selected for this paper is “The Terminal”, directed by Steven Spielberg. Itroduction: The Terminal is a soft comedy movie directed by Steven Spielberg, it revolves around an eastern European man (Victor Navorski) whose plans of visiting New York on achieving a small goal, were shattered because of the conditions that took place in his home country when he is en-route to New York. During his journey some rebel groups take over the government of his country, Krakozhia, and the newly formed ruling body is not recognized by the U.S. His passport was issued for a country, which during his upheaval ceased to exist officially. Unauthorized to leave JFK airport upon his arrival and unable to return home, Viktor finds himself exiled inside the terminal’s international lounge. Though Customs and Borders protection head at the JFK airport, Frank Dixon sees Viktor as an annoying bureaucratic glitch, other airport employees come to see him as a welcome, if unofficial, addition to their members. Dixon tries to get rid of Viktor from the airport, and hints at escaping through the doors when the guards change their shifts, but Viktor is reluctant to do that and he wants to leave the airport and step outside only when he is officially given the admission to the U.S. Dixon, who desperately waits for his own promotion wants the removal...
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...UV Fitness Watch | Business Concept | MGB223- Entrepreneurship & Innovation | ------------------------------------------------- Name: Alexis McTaggart ------------------------------------------------- Student Number: N9666176 ------------------------------------------------- Tutor’s Name: Selene Pennetta ------------------------------------------------- Word Count: 1338 ------------------------------------------------- Name: Alexis McTaggart ------------------------------------------------- Student Number: N9666176 ------------------------------------------------- Tutor’s Name: Selene Pennetta ------------------------------------------------- Word Count: 1338 | tABLE OF Contents 1.0 The Problem and Soltuion 2 1.1 Background 2 1.2 Solution 2 The computerised apps include the following features: 3 2.0 Business Opportunity 4 2.1 Feasibilty 4 • Is it novel? 4 • Is it patentable? 4 • Is it technologically feasible? 4 • Is it better than rival products? 4 • Does somebody want to buy it? 4 • Can we make it with our resources? 5 • Is there a sizeable market? 5 • Are forecasted returns greater than costs? 5 • Are the risks acceptable? 5 3.0 Business Model and Strategy 0 3.1 Business Model 0 3.2 Business Strategy 0 4.0 Reference 1 Childrens Uv & fitness watch UVFIT 1.0 The Problem and Soltuion 1.1 Background Technology has made a path into the lives of nearly every...
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...Ford and the Four Components of Business As the presentation in the first lesson module shows us, the four components of business are business, profit, business environment, and economy. (Unknown, 2011) I am going to try to explain in my own words what these words mean in my understanding of them, as well as describe how one of the Fortune 500 Companies of 2009 fit into these four components of business. Business, business to me is a company that buys, sells, makes, or provides services to products for an exchange of monies. Basically they make things, buys things, sell things, or fix things in the efforts to yield a profit. I decided to use Ford Motor Company (Ford) for my Fortune 500 Company to give a description of its organization. Ford fits into my definition of what a business is very easily. They are a manufacturing company, making several different products from Large Trucks like dump trucks and box trucks or what they label as a commercial vehicle, to small economy cars like the Ford Fiesta. So just by that alone Ford is a business as per the definition I gave earlier. The make a product to sell to the consumers, as well as products to service their products for the consumers and they do all this for the opportunity to make a tremendous revenue or profit, which profit just happens to be the second of the four components of business. (Cable News Network A Time Warner Company, 2009) Profit is simply this, gaining more money in revenue when selling something then...
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... Companies that provide mission statements attract potential customers by making them feel that they are secure as details of purpose are described. BB & T mission statement provides a feeling of partnership versus just being a client. They suggest the vision and offer guidance of said choice and encourage financial and economic establishment in communities. A vision statement presents the firms strategic intent that focuses the energies and resources of the company on achieving a desirable future. (J. A. Pearce, II, & R. B. Robinson, Jr., 2011). BB & T encourages long term relationships with rewards to their stakeholders for investments. They want all consumers to see them as their first selection when doing banking business. Their purpose is described “straight to the point”. If the stakeholders are continually receiving a ROI then the institution is living up to the recommended expectations BB & T stands by their values which revolve around the core of their true commitment. Reality, Reason, Independent thinking, Productivity, Integrity, Justice, Pride, Self-esteem, and Teamwork are character words that promote company confidence, attitude, and overall nature. When employees are satisfied with their employment it...
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...to start an e-business the main thing I would focus on would be functionality of the site and ease to make customers feel comfortable and confident about shopping with my storefront. By this I mean designing a site that gives customers several options for the products they are shopping for; along with that my customers would have access to multiple pictures of every product available, and a detailed description of the item they are interested in. My customers would also be able to compare similar items by their available options and provide a side by side analysis. The main thing for my e-business though would be the superior customer service that is provided to my clients by means of email, live chat, and a customer service hotline if you would prefer to talk to a representative. One of the final details that would make my site superior to others would be a hassle free return policy that even included return shipping for those who need to return their products for any reason. To be able to make this dream come true there are several other factors that I will be discussing throughout this paper as I present my business plan for establishing my storefront. I. E-Commerce Infrastructure Just as brick and mortar companies have an infrastructure to help them succeed in business, so do e-businesses. By having the correct infrastructure in place allows a company to run smooth, must be viewed as part of the overall picture at start up, and evolve as the business expands over time...
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...MGB223 Entrepreneurship and Innovation Assignment1: Business Concept E.B. (Electronic cigarette Bluetooth) Student Name: Sunjae Hwang (Sun) Student Number: N8972231 Tutorial Time: Tuesday 16:00~17:00 Tutor Name: Dr Alireza Javanmardi Kashan Submit date: 27th March 2015 Words count: 1197 1.0 The Business Concept: the problem and solution 2.1 Background There are over one billion smokers who often faced with burden of health and cost (OrganizationWorld, 1997). This is caused as smoke of cigarette damages several organ systems not only smokers but also second hand smokers (Boyel et al., 2004). Therefore, many numbers of smokers try to quit on their own, while smoking is one of a difficult addictions to break (Hughes et al., 2004). While some of smokers quit other try to find a chance to quit or reducing the risk of smoking through the electric cigarette which is battery powered electronic nicotine delivery device (ENDD) (Zezima, 2009). However, the problem of using electronic cigarette is still the gesture of smoking. With this reason, some of electronic cigarette users even more increase amount of smoking. 2.2 Challenge The challenge of this area is that identifying smoking habits while smokers use the electronic cigarette through specific devise to recognize problems of them. If smokers received the reports of their bad habits while smoking the cigarette, they might control their amount or habits of smoking. One of the major problems is that smoking...
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...Concept of political environment The political scenario in a country is the outcome of the interacting influence of various interest groups such as individual households, firms, politicians, bureaucrats and many others. The stronger a particular interest group the more prominent its ideology will manifest in the overall political scenario. In a country with federal character, where different interest groups are prominent at different levels, different ideologies exist side by side at the same juncture. The political scenario in different states may be different. Even at the centre, the political scenario may change with changes in the dominant interest group. As opposed to diverse political environments in a particular country, a particular political ideology may be found in more than one country. It is because the ethnic background, language, religion and so on bring many countries within the fold of one common political ideology. For example, it was the ethnic considerations that brought Serbs of the neighbouring regions into one political umbrella known as Greater Serbia. Thus political environment is marked by both diversity and uniformity. The political scenario often varies between the two extremes democracy on the one hand and totalitarianism on the other. The purest form of democracy represents direct involvement of citizens in policy making. But with growing time and distance barriers over time, it did not remain feasible for all citizens to participate in the political...
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...Understanding Business Research Terms and Concepts: Part 2 Statistical procedures can be divided into two major categories: descriptive statistics and inferential statistics. When it comes to statistical analysis, there are two classifications: descriptive statistics and inferential statistics. In a nutshell, descriptive statistics intend to describe a big hunk of data with summary charts and tables, but do not attempt to draw conclusions about the population from which the sample was taken. Descriptive statistics are very important because if we simply presented our raw data it would be hard to visualize what the data was showing, especially if there was a lot of it. Descriptive statistics therefore enables us to present the data in a more meaningful way, which allows simpler interpretation of the data. Descriptive statistics includes statistical procedures that we use to describe the population we are studying. The data could be collected from either a sample or a population, but the results help us organize and describe data. Descriptive statistics can only be used to describe the group that is being studying. On the other hand inferential statistics allows us to draw conclusions from data that might not be immediately obvious. In most cases an inferential statistic is used to test some hypothesis. Inferential statistics is concerned with making predictions or inferences about a population from observations and analyses of a sample. I was able to come across two article...
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...Name] [School Name] [Course / Assignment] 20 August 2014 [Instructor Name] Introduction This paper is about Chipotle Mexican Grill restaurant. In this paper, discussions have been made about the Key Areas of Chipotle’s code of conduct that are of major importance for their business. In addition, key steps of Chipotle for implementing the code of conduct for ensuring employees to follow the code of conduct. Moreover, key ways of Chipotle to engage in socially responsive activities have also been included as a discussion in this paper. Key Areas of Chipotle’s Code of Conduct Morals and social obligation are imperative ranges inside Chipotle Mexican Grill's business. Both areas have an intuitive relationship that assumes a part in building gainful organizations and also a balanced group. Morals allude to sets of convictions about good and bad; and business morals include the application of these issues in the work environment. The general moral gauges, which include dependability, regard, obligation, decency, mindful, and citizenship, are benchmarks that apply to all individuals and ought to unquestionably be held high inside the working environment. Social Responsibility is the commitment of a business to help society. Chipotle's social obligation influences representatives, clients, speculators, the group, and nature's turf. In 1993, Chipotle Mexican Grill was founded by Steve Ells. The mission of the organization is putting a concentrate on sustenance with honesty, incredible...
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...majority of bicycle rental businesses are now clustered around crowded tourist spots such as Michigan’s Mackinac Island or Florida’s sandy beaches. Many bicycle rental shops are now featuring Rollerblade rentals as well, especially in places like California. Regardless of what you decide to off er, you’ll be amazed at how much money can be made in this relatively easy business. Each day you’ll take a fee for short-term rentals, off ering the possibility of instant repeat business or a large number of daily rentals. And since most bicycle rentals are cash transactions, you’ll have instant money. What could be easier than that? The 200 Best Home Businesses 29 What You Need Your main costs stem from the fact that you must buy a good fl eet of bicycles, typically twenty to twenty-fi ve of them at a cost of $300 or so each. If necessary, you can also rent garage space for $100–$300 per month. If you invest in only used bicycles, your maintenance costs could potentially be high. Considering that you’ll be earning $12–$15 per half-hour rentals, you could make a sizable amount of money very quickly in this business if you’re in a tourist area (especially one that doesn’t allow many...
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...A business concept that has changed history Over the last 40 yrs there have been several changes that have occurred in the retail industry that has changed the way we shop today. The business concept of most department stores goes back in history for hundreds of years, but it has evolved and changed over the last forty years. Initially most retail stores were independent and locally owned in the city they conducted business in. Department stores were identified by the products they sold. There were hardware stores, furniture stores, toy stores, clothing stores, grocery stores, and even produce stores. Consumers went to specific stores to purchase specific items. Local specialty stores were replaced by the supermarket. These new superstores specialized in fruit, vegetables and food items, while others went in the opposite direction offering their customers non food items as the core of their business. Consumers were able to purchase essential products that included clothing, furniture, appliances, toiletries, cosmetics, jewelry, toys, and even sporting goods from one location. This had a bad effect on smaller stores as owners were unable to compete with the bigger chains that offered consumers a wide variety of products. Over the last 20 to 30 years, we have seen these supermarkets evolve into yet a different shopping environment for consumers to shop. For example, stores such as Wal-Mart and Target...
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...Andre Jones AC1208431 EN130.1.1 English Composition 2 Assignment 03 10/11/13 A business concept that has changed history Over the last 40 years there have been several changes that have occurred in the retail industry that has changed the way we shop today. The business concept of most department stores goes back in history for hundreds of years, but it has evolved and changed over the forty years. Initially most retail stores were independent and locally owned in the city they conducted business in. The products they sold identified department stores. There were hardware stores, furniture stores, toy stores, clothing stores, grocery stores, and even produce stores. Consumers went to specific stores to purchase specific items. The supermarket replaced local specialty stores. These new superstores specialized in fruit, vegetables and food items, while others went in the opposite direction offering their customers non-food items as the core of their business. Consumers were able to purchase essential products that included clothing, furniture, appliances, toiletries, cosmetics, jewelry, toys, and even sporting goods from one location. This had a bad effect on smaller stores, as owners were unable to compete with the bigger chains that offered consumers a wide variety of products. Over the last 20 to 30 years, we have seen these supermarkets evolve into yet a different shopping environment for the consumers to shop. For example, stores such as...
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...Understanding Business Research Terms and Concepts: Part 1 & 2 Misty Lesesne-Vasdev RES/351 July 30, 2014 Michael Gemignani Understanding Business Research Terms and Concepts: Part 1 * Michael is interested in learning the effects of using celebrity endorsement on sales. What type of variable is a celebrity endorsement? An independent variable is one that can be manipulated. Independent variables are observed to see if it affects any other variables. A celebrity endorsement can be manipulated by making the celebrity appear to love a product. That is just one example of manipulation. Therefore because the variable can be manipulated, a celebrity endorsement is an independent variable. * In an experiment, this variable is expected to be affected by the manipulation. When in an experiment an independent variable can be manipulated to affect the dependent variable. Most of the time the researcher has control over the independent variable which has a direct effect on the dependent variable. Usually the dependent variable is a response to the independent variable. In fact a dependent variable is called a dependent variable because it depends on another variable usually an independent variable. For example, a researcher wants to show the effects of alcohol on the liver the independent variable would be the alcohol and the dependent variable would be the functions of the liver after the alcohol. * Criterion variable is synonymous with this term. Criterion...
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