Explain The Features Of Exploring Business

As Oxfam, being a not for Profit Company there is lots of advantages and disadvantages. One of them is that Oxfam has lots of opportunity to assist the community for example funds and volunteer work. Oxfam is a tax exempt meaning that they do not have to pay any tax. Also, registered non-profits have limited liability under the law when it comes to dept. the owner of the business are not responsible for the business debt. Non-profits also have access to government-sponsored and loans. A disadvantage of Oxfam being a not for profit is that the Fund development and fund-raising can be a challenge, particularly during an economic downturn and when unemployment rates are high.

Nonprofit organizations (301C3) organizations receive certain tax benefits such as being tax exempt, as a result nonprofit organizations can not distribute profits or benefits to shareholders and are considered owned by the people. A for profit organization has the sole purpose of making shareholders a profit and therefore is taxed by the government.

Non-profit organizations are the way of life, they are the reason why people of society care about the “little” people. Individuals who start a non-profit, usually start with the mission of helping others. They want to make a change in the world and be the hero that helps every individual who is struggling or trying to cope with life. Some non-profits are not as sappy as others, but most are geared towards community building and forming relationships. The relationships that are formed last for a lifetime, mainly because of the rawness of the individuals within the organization.

Generally, financial management of not-for-profit organizations is similar to the process of financial management in the profit making sector in several aspects. Nonetheless, there are several major differences that contribute to a different focus of a not-for-profit financial manager. In the commercial sector, the for-profit enterprises mainly focus on capitalizing shareholder value and overall profitability. On the contrary, not-for-profit organizations have the basic aim of providing certain socially desirable need on a continual basis instead of increasing shareholder value ("Financial Management of Not-for-Profit Organizations", 2011). The difference in focus between the for-profit and not-for-profit organizations is because the latter does not have financial flexibility of a commercial enterprise since its dependent on resource providers that are not getting involved in an exchange transaction. As a result, the resources provided are channeled towards offering goods and services to a client instead of he actual resource provider.

In a general partnership, personal liability is limitless, but the damages committed while doing personal movements and actions not related to the business lies solely on the partner.

The Coca-Cola Company does a very successful job of creating their brand and marketing to their

Any company aim is to increase the profit for the share holders, receive dividend (distribution of profits) in order to invest again or issue shares (selling part of the capital, method mainly used by big business to avoid asking bank loans and have liquidity – cash flow), take bank loans, while non for profit organization aim, is not to gain profit or save money but to spend for social purposes, explaining how the money was spent. There are four main types of charities structure; Charitable incorporated organization, Charitable Company,

The Coca-Cola company is the largest soft drink maker in the world (Reference for Business, 2016). As an American multinational beverage corporation, the company was incorporated in Wilmington, Delaware and is headquartered in Atlanta, Georgia. The Coca-Cola company operates within the drink and beverage industry and acts as a manufacturer and retailer, as well as a marketer. The organization’s

Coca Cola is a well-known company in carbonated beverage industry, the company was established by Atlanta pharmacist, Dr. John S. Pemberton in 1886, and presently, the company operates it business operations in more than 200 countries in the world (Coca Cola History). The major ingredient that the company use is concentrate, which is then sold to licensed Coca-Cola bottlers throughout the world to produce the finished product in cans and bottles from the concentrate, in combination with filtered water and sweeteners (Wikipedia: Coca Cola company). Because of the effective business operation, Coca Cola has the highest market share of 48.6 percent and the global market value was estimated to 341.6 billion U.S dollar in carbonated beverage industry above its major competitors in the industry PepsiCo. (Coca Cola soft drink market share).

The term, “Nonprofit Organization,” is a broad-based term encompassing all organizations usually encompassing charities, nonprofits, non-governmental organizations (NGOs), private voluntary organizations (PVOs), and civil society organizations (CSOs). Not for Profit Organizations are regulated by local, state and federal law. Nonprofit Organizations are created for the benefit of the general public. They do not have shareholders and do not operate according to a profit motive. State law governs Nonprofit corporations. Similar to for-profit corporations, nonprofit corporations are required to file a corporate purpose statement with either a Secretary of State or a Department of Charities and pay a fee, draft articles of incorporation, conduct meetings on a regular basis, and meet other requirements that would allow it to receive and retain corporate status.

A non-profit organization is an organization exempted from making tax payments and its main objective is to offer the public with services without making any profits. It can be classified as a charitable, religious, educational or scientific organization (Strydom & Stephen, 2014). Its excess funds are not shared among its stakeholders as cash dividend; rather they are reinvested back to the organization in the pursuance of its objectives. On the other hand, the sole purpose of the for-profit organizations is literally to make profits, share the dividends among the stakeholders or reinvent it back into the business. . As such, all its business objectives are geared towards raising more capital while considering the ethical issues that may arise in the pursuance of these goals.

Coca-Cola is a strong leader in the highly profitable soft drink/beverage industry lead by their Chief

The difference in financial management for a for-profit and not-for-profit organization is the nonprofits goal is the greater good and maintain satisfactory financial condition while for-profits’ goal is to make profit for the owners or shareholders. Both organizations have business actives as they make profit but in the profit in for-profits are distribute profits to its owners or shareholders. Nonprofits are owned by the public while for-profit organizations are privately owned meaning Nonprofits can’t sell property upon dissolution and must give it to a similar charity when it closes. Nonprofits don’t pay taxes but still required to fill out Form 990EZ while for-profit organizations pay taxes. We must also keep in mind some organizations are both for-profit and public service as they strive to balance the goal of maximizing profits and providing service to the public like for profit school and hospitals.

The Coca-Cola company takes care of the people everywhere they are located and is always looking for opportunities to help the individuals in disadvantage, because of this they

Coca-Cola has been in doing business for over 129 years and its success and expansion has been thanks to their pioneer business methods from the bottling system, ways of distribution and their marketing strategies. The main reason this company had been able to stage afloat during all these years is because Coca-Cola believes it’s its own competition. They are always researching and innovating their own products. Also Coca-Cola has a great marketing strategy by being physically in a lot of countries. Every year Coca-Cola designs easier ways for their consumers to be able to reach and purchase its products by distributing its product through vending machines, charity causes, stands, etc. Since 1955, Coca-Cola has been a soda provider to one of the largest fast food chain companies McDonalds. Throughout the years Coca-Cola has learn the key to its expansion is within our own worldwide community. [Coke and McDonald’s, Growing Together Since 1955]