My Task – P1 Scenario –I Barry Andrews work as a junior journalist for the local newspaper which is planning to run a feature article on businesses. Tesco: Jack Cohen was reluctant to go back to tailoring after the First World War. This is when he started selling stuff on market stalls. In 1919, Jack Cohen started selling surplus groceries from a market stall in the east end of London. He then owned a number of stalls which at first were ran by his family but after time he gradually employed non-family
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analyzing and comparing of the differences between Debenhams, which is a Public Limited Company, and Bridal Makeup & Hair by Sarah Elizabeth Abbott, which is the chosen Sole Trader. This essay covers the differences on different aspects of business ownership between Debenhams and Bridal Makeup & Hair, such as their conditions, benefits and risks, which differ considerably. Debenhams Debenhams, a Public Limited Company, is a dominating international and multi-channel British brand, which
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| |1-3. |What advantages does a sole proprietorship offer? What is a major drawback of this type of organization? | | | | | |A sole proprietorship offers the advantage of simplicity of decision making and low organizational and operating costs. | |
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Business aims and Activities Private sector aims The aim of a business in the private sector is to survive by making a profit. This may be a sole trader working alone, like a newsagent, or thousands of shareholders in a large Public Limited Company. Businesses gain a larger market-share [a percentage of overall sales in an industry] by increasing the sales of their products against competitors. This may involve reducing prices. To win the loyalty of customers and encourage repeat sales [Customers
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the funding requirements of their company and devise strategies for acquiring those funds. b. Describe the organizational forms a company might have as it evolves from a start-up to a major corporation. List the advantages and disadvantages of each form. The three main forms of business organization are sole proprietorships, partnerships, and corporations. Several hybrid forms are also gaining popularity. These include the limited partnership, the limited liability partnership, the professional
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STRUCTURES | ADVANTAGES | DISADVANTAGES | Companies | * Your liability for the company’s debts is limited, although this protection can be destroyed by creditors, including financiers, calling for guarantees from company directors * It’s easy to transfer ownership by selling shares to another party * Shareholders (often family members) can be employed by the company * Taxation rates can be more favourable * You’ll have access to a wider capital and skills base | * The company can be
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keeping costs low. By sourcing for less, buying for less and selling for less. I will be talking about two organisations the first organisation I have decided to discuss is ASDA and I will follow it of by HMV as the second organisation. Asda is a Public company and is a British supermarket chain which supplies various services to the customers such as: Clothing, Food, and General Merchandise etc. It has become a multi-national store leading of its subsidiary of Wal-Mart which is American based. It is
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|Q1a) |Advantages / Disadvantages of Sole Trader, Partnership, Limited Company | | | | |Ans.: | | |Advantages Partnership or sole proprietorship |Disadvantages of Limited Company
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Malaysia, the Republic of Ireland and Thailand. The company was founded by Jack Cohen in 1919 and opened its first store in 1929 in Burnt Oak, Middlesex. It started as a sole trader and now Tesco is public limited company, owned by shareholders. These shareholders are individuals and other business organisations that invest their money in Tesco with ultimate of generating returns on their investment. Ownership Tesco is a public limited company owned by several shareholders. The reason for being
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2005-2006 | 10 March 2006 The National Audit Office scrutinises public spending on behalf of Parliament. The Comptroller and Auditor General, Sir John Bourn, is an Officer of the House of Commons. He is the head of the National Audit Office, which employs some 800 staff. He, and the National Audit Office, are totally independent of Government. He certifies the accounts of all Government departments and a wide range of other public sector bodies; and he has statutory authority to report to Parliament
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