Businesses are profit-seeking entities. Hence, the main aim of businesses is to survive and grow. In order to achieve these objectives, businesses have to satisfy the consumers’ needs. Marketing helps to realise this through marketing activities. By helping to sell, marketing activities contribute to the creation of wealth. According to the CIM (Chartered Institute of Marketing) “Marketing is the management process responsible for identifying, anticipating and satisfying consumers’ requirements profitably.” In other words, marketing helps businesses to put a product on the market at the right place, at the right price, and at the right moment using the most suitable promotion. For example, a company has no interest in selling solar panel in countries where there are not a lot of sunshine pear year or in selling scholar supplies a long time after the back-to-school period. To elaborate plans for a good or a service, businesses therefore use marketing activities such as the process of segmentation of the market that leads to the identification of a target market (for example, a certain part of the population such as teenagers or family) In order to satisfy its target market, firms manipulation some controllable variables (price, promotion…) also known as Marketing Mix. However, for a company to survive and grow, identifying and trying to anticipate the consumers’ needs is not a sufficient condition. Companies also need to accommodate to the constant marketing environment
Penelope, Mark and John
The various forms of organization available to Penelope, Mark and John are:
GENERAL PARTNERSHIPS:
A general partnership is a business organization formed when 2 or more individuals or entities form a business for profit. All partners share in the management and in the profits and decide on matters of ordinary business operations by majority of the partners or by percentage ownership of each partner. Each partner is liable for all business debts and bears responsibility for the
business combinations”.
• Provide and explain a list of factors that may assist management to identify the acquiring entity.
• Explain why it is necessary to identify who is the acquirer in a business combination?
(Adapted from Leo et al. Case 2, p.395).
Part B (19 Marks)
Sahara Ltd recently adopted the international accounting standards. The management of Sahara Ltd are seeking your advice regarding impairment testing under AASB 136 Impairment of Assets.
filled the gap between for-profit investment (which requires a return rate of at least 5) and non-profit investment (where return rate of 0 or 0 below is necessary). L3C’s a useful vehicle to sponsor diverse Program Related Investment to achieve the larger size of commonwealth in social benefits by collecting capital from a combination of individuals, endowments, foundations, trusts, DAFs, pension plans, nonprofits, corporations, governmental entities and other possible entities. It allows money to join
number of members in LLC. Some LLC also have only one owner, which is called a single member, and it is allowed in most of the states. Most states do not restrict ownership, and so members may include individuals, corporations, other LLCs and foreign entities” (irs.gov, 2014)
There are some important factors that Alex, Bill, Carl, Devon and Xavier should know before they move forward to convert their business into Limited Liability Company.
Ease and cost of formation
In order to establish LLC, an
Business Form Comparison
Introduction
In the business world, many distinctions separate one firm from the next. Competition, products, services provided is not the only factors that differentiate businesses. Structure and type are another. This paper will discuss and compare the three major forms of businesses (sole proprietorship, Partnership, and C-Corporations) and provide a brief summary of these three forms.
Sole Proprietorship. This form of private business ownership carries the most simplistic
specializes in taxes, Mark is an auditor, and John is a business valuation expert.
There are various options available regarding entity selection for the new business venture. The appropriate business entity for any individual(s) will depend on their particular facts and circumstances.
You are a valued colleague and friend of this trio, and they have come to you seeking advice as to how to structure their new business. Please consider the following tax and nontax issues as you recommend
that are both ethical and profitable.
In this paper I will argue how the market failure model suggested by Joseph Heath best justifies corporate social responsibility for modern businesses; showing how both ethical and profitable strategies are achievable. To begin, I will examine how Heath defends the ‘pursuit for profit’ approach as a legitimate, as long as it adheres to market principles he outlines. Next, I will discuss the legal distinction where corporations must push the boundaries of law to
millions of people can create and post their daily lives, the collection and analysis of personal information by online social networking sites has been controversial due to its potential to weaken individual privacy. The online platforms are owned by businesses that have the goal to optimize performance for users but also can turn the masses of users into monetary value by data mining. Global multimedia networks and the advertising industry have become interested in the information about their online consumers
This wave could well be attributed to the ongoing implementation of what is known as Small Business Jobs Act of the year 2010.
It is important to also note that with President Trump in power, more focus will be placed on small businesses owned by Americans as beneficiaries of federal government procurement. This comes within the background of Trump’s policy of capitalizing first on the ability of Americans to benefit from their own products. Though this will otherwise spell doom
and full owner/operator autonomy with regard to business decisions.
· Liability: The owner/operator of a Sole Proprietorship is subject to full and unlimited financial liability for the business. The owner and the company are legally the same entity. The company’s assets are legally the same as the owner’s personal assets.
· Income Taxes: The owner of a Sole Proprietorship pays taxes in the earnings of the company as personal income.
· Longevity/Continuity: Because the owner of a Sole Proprietorship