Describe the role of business in the economy. Business is what makes up our economy. Without business we wouldn’t have an economy. Business IS economy. Get where I’m going with this? There is no easier way to explain this concept. Business brings services and products which brings employment, which brings salaries and income. Economy depends on the progress or performance of big and small businesses. The type of economy in the United States is a capitalistic economy. This means that it revolves
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Smart Union is a Chinese toymaker located in Dongguan province. It was founded by Tony Wu and was emblematic of the rise of the manufacturing power of China. “Its orders, factories and employees steadily increased in number, and a web of suppliers grew up around it.” Mr. Wu had experience in the toy industry before founding Smart Union, and used his knowledge and entrepreneurial skills and established his own mainland factory in 1997. Within ten years, with clients such as Mattel and Disney
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AO1 - Type of Business Ownership Introduction There are many different types of ownerships that can indicate the size of the business. Businesses can range from small, being a one person business or a larger business such as a supermarket that have hundreds of employees. In this report I am going to discuss and research the different forms of business ownerships and the legal requirements that are required. I will be talking about what each type of owner ship in tales and what the advantages and
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1. Describe the role of business in the economy. In any economy, businesses play a huge role. Businesses are the major provider of jobs and the major drivers of economic growth in a typical economy. Businesses obtain resources such as labor and equipment, and specialize in the production of particular goods and services. As a result of business in the economy, the variety, quality, and quantity of goods and services available to consumers increases, while the prices of goods and services decrease
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Introduction This assignment will be describing different businesses, purposes and ownerships of two contrasting organisations. An organisation may operate locally, nationally or internationally. Many business exist for different reasons, they are then classified according to their aim, purpose, ownership and sector in the economy. I have selected two different organisations and will be contrasting them. Classification of businesses Businesses can be classified by their aim, if they are a profit
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(PLC). This means that members of the public are able to purchase shares in Tesco. Although its shareholders own Tesco, there is limited liability. Limited liability means that shareholder’s personal assets are separate from that of the business. If the business goes bankrupt then the shareholder’s personal assets cannot be seized to compensate, only the capital invested. Tesco’s operates in the tertiary sector. The tertiary sector is the sector, which deals mainly with the sale of products and
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Role of Technology In Banking Sector Technology has been a boon to many industries and especially to the banking industry. With the help of technology banks are able to reach out to more customers and provide better services to them. Also, it helps them function in an organized and in a secure way. As for us (the customers) we have ATMs, Cash deposit machines, online banking, mobile banking etc which are all fruits of technological advances which have made our banking experience much easier
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your body are sound (no pain, disease, all perfect) and you are completely wise, your eyes are closed to have more concentration your all fingers are open, your hands and legs are open, in atmosphere where temperature is same as of your body the environment is quite and silent, you are relying on nothing and standing in nothing and all of sudden you are created. At that moment in such a condition the only thing you can conscious and your awareness is your being. This is best example of immateriality
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assigned to a person or group of people their mission was to irrigate the desert 2. a person's vocation (often in the phrase mission in life) 3. (Government, Politics & Diplomacy) a group of persons representing or working for a particular country, business, etc., in a foreign country 4. (Government, Politics & Diplomacy) a. a special embassy sent to a foreign country for a specific purpose b. US a permanent legation 5. (Christianity / Ecclesiastical Terms) a. a group of people sent by a religious
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------------------------------------------------- Intro to Business Assignment #2 March 17, 2013 Donnia Carter Professor Scarlett March 17, 2013 Donnia Carter Professor Scarlett Identify the pros and cons of the partnership as a form of ownership. Partnership businesses are businesses that have more than one owner that profit from the business. There are several different types of partnerships. * Unlimited partnership: partnership where you are responsible for both your mistakes
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