Explain the concept of “Business beyond Profit."
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Explain the concept of “Business beyond Profit."
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Solved in 2 steps
- Identify the major causes of business failures,explain what pivoting means, and identify sourcesof advice and support for business owners.What does Business Beyond Profit mean?Choose the letter of the correct answer What form of business consists of two or more people to carry on, as co- owners of a business for profit? a. Sole Proprietorship c. Corporation b. Partnership d. Cooperative 2. Your mother has Php 100,000. She wants to invest her money in the form of business that has the least amount of personal liability. What form of business would you recommend? a. Sole Proprietorship b. Partnership c. Corporation d. Cooperative
- Explanation: Discuss how ethics affects the success or failure of entrepreneurs.Create a business plan for a new venture business that sells freshly harvest fruits and vegetables to elderly and Middle age persons.what responsibilities does a corporation have? Is its responsibility to be construed narrowly as merely profit making? Or more broadly to include refraining from harming society and even contributing actively and directly to the public good?
- What role does corporate social responsibility play in Ben & Jerry’s business model? Should Ben and Jerry have continued to operate Ben and Jerry’s as an independent company, rather than selling it to Unilever? What were the pros and cons of going forward with the sale? How can Ben & Jerry’s justify the concept of a triple bottom line—profits, people, and planet—to company shareholders?Explain this.2. Which form of business gives the business owner the most protection from lawsuits targeting your business? a) Sole proprietorship b) Partnership c) Corporation d) Franchise
- The Success Story behind the National Bookstore Socorro Ramos entered the publishing and retail industry by working as a salesgirl at a bookstore. At the age of 19, she opened National Book Store in Escolta, Manila with her husband with a capital of only P 200.00, selling books and school supplies to students. At that time, Manila was under Japanese occupation who imposed censorship on books and periodicals. To augment their earnings, she and her husband resorted to selling other items like candles and soaps. After the post-war boom, the Ramoses opened a nine-story building along Avenida which made their bookstore more profitable. At 95, she still believes in the time-honored tradition of “hands-on approach” in business. She even designed the company’s logo herself. May this success story of Nanay Coring give inspiration and encouragement to all. You need someone like her that will serve as a model to bring out the best in yourselves to survive the crisis brought by…What is the reward for a successful entrepreneur? What happens if she is not succesfulA clear and detailed definition of entrepreneurship and the current challenges to business is provided and supported by relevant citations