What form of business organization is best described by the following statements? “I am the only owner of my business”. “I take all the risks of doing business”. “I keep all the profits”.
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Forms of Business Organization according to ownership
*Sole Proprietorship
*
*Corporation
*One person company
Major Contributions of Forms of Business Organization in Socio Economic Development
Business are considered the engine of the economy because they contributed to the economy of our country through paying corporate taxes so that the government can provide the promote social welfare of its citizens. Business also provides job opportunities which compensates the people in the society.
Questions
- What form of business organization is best described by the
following statements?
- “I am the only owner of my business”.
- “I take all the risks of doing business”.
- “I keep all the profits”.
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- (Pls beware of getting answers from the internet, I only need your opinion/views for my report) 3. How does culture impact business? 4. If you are working for a small or entrepreneurial company, what are some of the challenges you may face when trying to do business in a new coutry? What are some advantages?Discuss the different types of business organizations functioning in Pakistan. Each should be supportive by the example from daily market. Explain the difference between profit and nonprofit organizations with THREE examples from daily life? Further, do interview with the entrepreneur of any THREE types of business organization ask the reason about the motivation for the start of entity.As a group of aspiring entrepreneurs, you must create a business plan for an Agro-Processingbusiness in any Caribbean country (not an existing business/company). Development and Production PlanMaintaining your output level in order to meet your customers' demands is anecessary skill. As a result, the following questions must be addressed: • Do I need anyone to assist in the production (you may want to be a bitmore specific here)?• If special skills are needed, how can they be acquired and retained?• What are the total production costs?In order to estimate the cost of production you would need to do the following:• Identify all the inputs needed to produce and sell.• Calculate the cost of the production of a specific quantity that you canmanage.• Identify production inputs under the following headings:Fixed cost: Costs that will be incurred regardless of the level ofproduction.Variable Costs: Costs that are directly related to the level of production.The more goods produced, the more…
- 1. What form of business organization did Henry Sy put up? Did it remain as it is? Why or why not? 2. What do you think is/are the key characteristic/s of the owners in their business success?The foundation is inconsequentialThe syndicate started experiencing growth at all business units. It culminated in an increase in profit margin. As a market leader, the company started investing cripplingly in other ventures therefore widening its portfolio. Such is a story of a certain thrilling Ghanaian own business. Management thought it wise to employ more labour to beef up the shortfall of their employees. Kofi Antobam was lucky to be employed after several years in search of a white colour job. The opportunity had finally come. As part of his job description, he was expected to canvas for customers and possibly deploy all marketing strategies at his disposal to retain the hard-won customers. Coming from a very strong ethical background, and an orphan as well, he gave out all his best to secure the job for good. Growing up as a Christian, with a strong religious background he tried to respectfully lure customers to patronize the company through all ethical means. Antobam was voted…Which one of the following is not an example of a business organization? Select one: a. Corporation b. Partnership c. Collaboration d. Sole proprietorship
- Identify any four different organisation types of your choice. Using rea-world examples, define and describe each of the chosen organisation types. With the aid of the table, explain the differences between the chosen four organisational types. Use examples such as private, public, charitable etc.FAMOUS ENTREPRENEUR: BILL GATES Questions: 1. Give a short background about the entrepreneur and why he is worthy of emulation. 2. What makes him/her a Social Entrepreneur?Provide a brief definition or explanation of each of the following terms within the context ofbusiness management together with an example. You are required to define each of the terms in yourown words.Please note: You will need to add your own original examples.Q.2.1 Interpersonal skills. Q.2.2 Mission statement. Q.2.3 Job enlargement. Q.2.4 Legitimate power.
- Set UP Develop a strategic entrepreneurship plan to help a company decide whether to take a build, buy, and/or partner approach. To understand the background and parameters of the project, read this email from your supervisor: TO: Strategy TeamDATE: November 1, YYYYSENDER: [email address of supervisor]SUBJECT: Strategic Entrepreneurship Plan Our company experienced exceptional growth last year, yet we feel that there is a need to increase our capabilities to achieve our growth targets this year and in the future. As our lead strategist, could you analyze our company’s current capabilities and determine if we should take a build, buy, or partner approach to increase our capabilities? As you consider our current capabilities, please look at who we currently partner with, recent acquisitions, and innovations in the company. Then propose a plan for how to best meet the growth plans that leadership has established. This strategic entrepreneurship plan will help be invaluable for…1- Write a story of a family business ?how bespoke managementinformation system can help the small businesses in the corona vairus crises?