1). One main advantage of sole proprietorship is having one owner, which means one would be entitled to all the profits. Another advantage to a sole proprietorship is that one can make all the business decisions without consulting with anyone. However, one who chooses a sole proprietorship assumes responsibility for debts and liabilities, which can become a burden to some business owners. Moreover, when operating as a sole proprietorship it is hard to raise money as investors and banks are leery to
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Sole proprietorship is a company, which is not registered with the state as a limited liability company or corporation. Some advantages of a sole proprietorship are that they have flexibility in operations. The sole proprietorship business is undertaken on a small scale. If any change is required in the operations, it is easy and quick to bring the changes. Another advantage in this type is the ease of promptness in decision-making, autonomy. When the decision is to be taken by one person, it is guaranteed
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authorized institutions providing E-banking system among Hong Kong (Press release, 2004). Accordingly, this report is to examine the reason why people choose to use E-banking in Hong Kong rather than using traditional bank services and provide an overview on the advantage and disadvantage of using E-banking. After that, we will provide a recommendation on attracting more customers to use E-banking. Nowadays, more and more technology products are launched into the world, for example, smart devices
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John Wick BUS/211 Profit and Supply and Demand 16 July, 14 Consider a local business whose services you frequently use. What are the main components of this company’s business model? One of the local businesses that I often frequent is Giant Eagle. Giant Eagle has a complex business system that would require a lot of management working together to ensure that the operation works successfully. Giant Eagle is a joint-stock company. In the recent years, they’ve even expanded into the Gasoline
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Advantages * Purchase Power and Ease of Purchase - Credit cards can make it easier to buy things. If you don't like to carry large amounts of cash with you or if a company doesn't accept cash purchases (for example most airlines, hotels, and car rental agencies), putting purchases on a credit card can make buying things easier. * Protection of Purchases - Credit cards may also offer you additional protection if something you have bought is lost, damaged, or stolen. Both your credit card statement
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The Similarities and Differences of PC/Mainsframes Ryan Serrano University of Phoenix Introduction to Operating Systems POS 355 John Stewart May 05, 2012 The Similarities and Differences of PC/Mainsframes The events leading up to the evolution of technology have driven innovation to a whole new level of affecting society’s constant growth. These new technologies have helped to simplify the work load more than ever before thought. With the advancement of technology have come many milestones
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protection against devaluation of the local exchange rate. (Investopedia). Advantages and Disadvantages There are advantages and disadvantages to dollarization. The some of advantages are helps in the stabilization of the economy and investments also easing political crises, it helps with inflation and interest rates and devaluation risks. (About.Com) When a country adopt foreign currency it also has the disadvantages of printing their own money, it does not control its own monetary policy, it
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E-marketing in Vietnam Marketing is one of the important parts in the working process of a company, which is the tool to build the bridge connecting between company and customer. Philip Kotler had affirm that marketing is an essential to the success of every organizations (Kotler, Wong, Sauders & Amstrong, 2005, p. 4) However, in recently, with the global economics crisis, businesses in Vietnam have become stagnate. Many enterprises become struggle to reduce the budget for marketing campaign which
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Business Structure Types for Forming a Business Business Law/LAW 531 Business Structure Types for Forming a Business When I person decides to be an entrepreneur, choosing the type of business structure that would be right for the business they plan to open can be a daunting task. The reason is being is that there are many different types of business structures a person can choose from. Before making the decision on the type of business structure for the business, there
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|University of Sunderland | |Managing Financial Resources andDecisions | | | |
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