Btec National in business Unit 1 – Business Environment * Write a BRIEF introduction to each business to explain what it does. * Explain the purpose of each business. * Describe the sector it operates in. * Explain in detail the type of ownership that the two businesses have- including the advantages and disadvantages of each type of ownership. Task 1 Write a BRIEF introduction to each business to explain what it does. The British heart foundation was founded 50 years
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Assignment 2: Limited Partnership Allison Bynum Strayer University LEG205 Corporate and Partnership Law Prof. John Taulane February 1, 2016 When deciding to form a limited partnership (LP), one must understand the pros and cons of a limited partnership. It is much like a general partnership, but with a few considerable differences. A limited partnership is one or more partners are general partners, and one or more are limited partners united to conduct a business jointly, and in which
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The two organizations chosen by me for the discussion are " Marks and Spencer ( M&S)" , a public limited company whose purpose is to deliver sustainable value to its stakeholders and "Oxfam" an international charity organisation with non profit motive. Part 1 Task 1.1 Business, Purpose and Ownership of two contrasting businesses. M&S is one of the leading retailers of UK, with over 1330 stores worldwide. Founded in 1883, it has grown from a single market stall to an international, multi
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PEST ANALYSIS OF VICTORIA’s SECRET Victoria's Secret is a retail brand of lingerie and beauty products, owned and run by the Limited Brands company. Victoria’s Secret generates more than $4 billion in sales a year. It is the fastest growing subsidiary of Limited Brands and contributes 42% of corporate profits. More than 1000 Victoria's Secret retail stores are open in the United States. Products are also available through the catalogue and online business, Victoria's Secret Direct, with sales
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counties around the world, has over 530,000 employees and has tens of millions of customers which they serve In over 80 million shopping trips a week. Tesco is a plc (a public limited company) this means that the public can buy shares, the shareholders are entitled to part of the profits. Tesco’s shareholders have limited liability, this means they are only liable for the amount of money they invest into a business. Tesco is at profit, which means they are making money on the products they sell
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pharmaceutical industry of Bangladesh since 1985 and is now on its way to becoming a high performance global player. SQUARE Pharmaceuticals Limited is the largest pharmaceutical company in Bangladesh and it has been continuously in the 1st position among all national and multinational companies since 1985. It was established in 1958 and converted into a public limited company in 1991. The sales turnover of SPL was more than Taka 7.5 Billion (US$ 107.91 million) with about 16.92% market share (April 2006–
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worth 30 marks (60% of total mark). 1. Explain two factors that should be included in a ‘deed of partnership’. (2 marks) 2. Outline the difference between a public limited company (Plc) and a private limited company (Ltd). (2 marks) 3. Explain two conflicts of interest between the shareholders of a large private limited company (Plc) and top management within the same organisation. (4 marks) 4. Name and briefly explain two of the four factors. (2 marks) 5. Give
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Chelsea Chi Chang Alice Lin Charlene Mak BEM 106: Strategy Professor McAfee 28 May 2004 1 Victoria's Secret is a retail brand of lingerie and beauty products, owned and run by the Limited Brands company. Victoria’s Secret generates more than $4 billion in sales a year. It is the fastest growing subsidiary of Limited Brands and contributes 42% of corporate profits. More than 1000 Victoria's Secret retail stores are open in the United States. Products are also available through the catalogue and online
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established (Nordhaus, 2009). The major organization’s types are sole proprietorship, partnership and corporation. The following organizations are analysed to find out their business types and purposes; a) Virgin Group LTD: Virgin Group LTD is a private limited company established in 1970 in UK. The purposes of this business organization are to raise the capital through the issuance of shares not exceeding total number of 50 shareholders. Here, another purpose of this business is to operate the business
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Chapter 4 Legal Liability Considerations for Auditors * Review Questions 4-1 Several factors that have affected the increased number of lawsuits against CPAs are: 1. The growing awareness of the responsibilities of public accountants on the part of users of financial statements. 2. An increased consciousness on the part of the SEC regarding its responsibility for protecting investors’ interests. 3. The greater complexities of auditing and accounting due to the increasing
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