...to start an e-business the main thing I would focus on would be functionality of the site and ease to make customers feel comfortable and confident about shopping with my storefront. By this I mean designing a site that gives customers several options for the products they are shopping for; along with that my customers would have access to multiple pictures of every product available, and a detailed description of the item they are interested in. My customers would also be able to compare similar items by their available options and provide a side by side analysis. The main thing for my e-business though would be the superior customer service that is provided to my clients by means of email, live chat, and a customer service hotline if you would prefer to talk to a representative. One of the final details that would make my site superior to others would be a hassle free return policy that even included return shipping for those who need to return their products for any reason. To be able to make this dream come true there are several other factors that I will be discussing throughout this paper as I present my business plan for establishing my storefront. I. E-Commerce Infrastructure Just as brick and mortar companies have an infrastructure to help them succeed in business, so do e-businesses. By having the correct infrastructure in place allows a company to run smooth, must be viewed as part of the overall picture at start up, and evolve as the business expands over time...
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...majority of bicycle rental businesses are now clustered around crowded tourist spots such as Michigan’s Mackinac Island or Florida’s sandy beaches. Many bicycle rental shops are now featuring Rollerblade rentals as well, especially in places like California. Regardless of what you decide to off er, you’ll be amazed at how much money can be made in this relatively easy business. Each day you’ll take a fee for short-term rentals, off ering the possibility of instant repeat business or a large number of daily rentals. And since most bicycle rentals are cash transactions, you’ll have instant money. What could be easier than that? The 200 Best Home Businesses 29 What You Need Your main costs stem from the fact that you must buy a good fl eet of bicycles, typically twenty to twenty-fi ve of them at a cost of $300 or so each. If necessary, you can also rent garage space for $100–$300 per month. If you invest in only used bicycles, your maintenance costs could potentially be high. Considering that you’ll be earning $12–$15 per half-hour rentals, you could make a sizable amount of money very quickly in this business if you’re in a tourist area (especially one that doesn’t allow many...
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...No. 2014-17 November 2014 Business Combinations (Topic 805) Pushdown Accounting a consensus of the FASB Emerging Issues Task Force An Amendment of the FASB Accounting Standards Codification® The FASB Accounting Standards Codification® is the source of authoritative generally accepted accounting principles (GAAP) recognized by the FASB to be applied by nongovernmental entities. An Accounting Standards Update is not authoritative; rather, it is a document that communicates how the Accounting Standards Codification is being amended. It also provides other information to help a user of GAAP understand how and why GAAP is changing and when the changes will be effective. For additional copies of this Accounting Standards Update and information on applicable prices and discount rates contact: Order Department Financial Accounting Standards Board 401 Merritt 7 PO Box 5116 Norwalk, CT 06856-5116 Please ask for our Product Code No. ASU2014-17. FINANCIAL ACCOUNTING SERIES (ISSN 0885-9051) is published quarterly by the Financial Accounting Foundation. Periodicals postage paid at Norwalk, CT and at additional mailing offices. The full subscription rate is $242 per year. POSTMASTER: Send address changes to Financial Accounting Standards Board, 401 Merritt 7, PO Box 5116, Norwalk, CT 06856-5116. | No. 406 Copyright © 2014 by Financial Accounting Foundation. All rights reserved. Content copyrighted by Financial Accounting Foundation may not be reproduced, stored in a retrieval...
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...Basic Accounting Concepts and Business Structures Different types of businesses use different accounting methods, small businesses tend to use the cash-basis of accounting, whereas the accrual method is a requirement for large business with revenue more than 5 million. Uniformity of accounting information is important when making decisions for or about a business. A hierarchy of sources provides structure for the generally accepted accounting principles (GAAP). Along with the hierarchy of sources, the Financial Accounting Standards Board (FASB) identify qualitative characteristics to distinguish between useful and inferior information and to ensure accounting information assists in decision making. Qualities of Accounting Information There are internal and external users of accounting information for decision-making. Internal users are managers within a company that use the information to plan, organize, and run the business, “These include marketing managers, production supervisors, finance directors, and company officers” (Kimmel, Weygandt, & Kieso, p. 6, 2007). External users can be investors, “make decisions to buy, hold, or sell stock,” creditors, “suppliers and bankers use accounting information to evaluate the risks of granting credit or lending money” (Kimmel, Weygandt, & Kieso, p. 6, 2007). External users also include taxing authorities, customers, labor unions, and regulatory agencies. For decision makers to make decisions using the information, they have...
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...Explaining Basic Accounting Concepts and Business Structures ACC/537 Dec, 5, 2011 Explaining Basic Accounting Concepts and Business Structures The purpose of the paper is to explain basic accounting concepts and business structures. This paper covers four topics, which include the following: 1. Identify and describe the sources of generally accepted accounting principles (GAAP). 2. Describe effective accounting information using the qualities of accounting information. 3. Describe how an accrual-based accounting system is different from a cash-based of accounting 4. Describe the types of business structures and the defining features of each structure. The Sources of Generally Accepted Accounting Principles There are four categories in the house of GAAP, Category A through D. They are also in the order of the hierarchy. There are three major sources of GAAP in Category A. They are Financial Accounting Standards Board (FASB) Standards, Interpretations, and Staff Positions; Accounting Principles (APB) Opinions; and American Institute of Certified Public Accountants (AICPA) Accounting Research Bulletins. They are most authoritative pronouncements. Category B includes FASB Technical Bulletins which is no longer issued, AICPA Industry Audit and Accounting Guides and AICPA Statements of Position. Category C has FASB Emerging Issues Task Force and AICPA AcSEC Practice Bulletins. Category D has the least authoritative pronouncements: AICPA Accounting interpretations...
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...Name: Jessie James Tan Course: BS-IM Title: Business Ethics Ethical Concepts and Cases 3rd.ed. Author: Manuel G. Velasquez Book No.: HF5387V441993 IT-ETHICS (Book Review8) Chapter5 (Ethics and the Environment) Quotation: “As the earth in a short few decades becomes twice as crowded with human beings as it is now, and as human societies are confronted with dwindling resources in the midst of mounting accumulations of wastes, and steadily deteriorating environment, we can only foresee social paroxysms of an intensity greater than any we have so far known.” Reaction: This quote is about the environment that we are in today. It is said that in a number of years the world will be full of humans and that the resources will be less and also we will see that the environment will be near its end. If we won’t act now the future world will be a waste full of people living in it. Such companies are trying to make income but do not think of the things that he has done to the environment. There are those plants and factories that create waste that ruins our environment. There must be an action to take so that the environment will be saved. Companies can gain income and not harm the environment. They must think and act ethically for the future world to be saved. Chapter summary: This chapter is about the proper way of thinking of the environment and being ethical when it come to environmental issues. The environment today is fast fading it is because of the...
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...Business Cycles and Concepts Sabrina Negron American Intercontinental University Online Abstract An employee of the World Bank has been asked to research unemployment concerns in Chile and to write a report of his/her findings. The employee has been asked to research data sets for unemployment and state the relationships between unemployment and Chile’s economy. The employee must answer what trends he/she finds in the data sets and to support those trends with statistical evidence. In today’s economic turmoil one only needs to look at Chile to gain a better view. According to www.thisischile.cl the country is ranked second according to the Economic Climate Index (ICE). Chile is ranked second after Brazil in Latin America. Chile has reached a 7.8 ICE score a vast improvement over the 1990 score of 2.9. According to the New York Times (2011) “Chile is home to the world's largest copper producer.” Chile also produces wines and fruit with agriculture accounting for 15 percent of Chile’s total exports. As stated by Krugman & Wells (2009) “Unemployment is the number people who are actively looking for work but aren’t currently employed.” Krugman & Wells (2009) also states that “The unemployment rate is the percentage of the total number of people in the labor force who are currently not unemployed.” A country’s economy has a direct effect on the unemployment rate. If the economy is good unemployment rates are usually low, if the economy is bad the unemployment...
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...UV Fitness Watch | Business Concept | MGB223- Entrepreneurship & Innovation | ------------------------------------------------- Name: Alexis McTaggart ------------------------------------------------- Student Number: N9666176 ------------------------------------------------- Tutor’s Name: Selene Pennetta ------------------------------------------------- Word Count: 1338 ------------------------------------------------- Name: Alexis McTaggart ------------------------------------------------- Student Number: N9666176 ------------------------------------------------- Tutor’s Name: Selene Pennetta ------------------------------------------------- Word Count: 1338 | tABLE OF Contents 1.0 The Problem and Soltuion 2 1.1 Background 2 1.2 Solution 2 The computerised apps include the following features: 3 2.0 Business Opportunity 4 2.1 Feasibilty 4 • Is it novel? 4 • Is it patentable? 4 • Is it technologically feasible? 4 • Is it better than rival products? 4 • Does somebody want to buy it? 4 • Can we make it with our resources? 5 • Is there a sizeable market? 5 • Are forecasted returns greater than costs? 5 • Are the risks acceptable? 5 3.0 Business Model and Strategy 0 3.1 Business Model 0 3.2 Business Strategy 0 4.0 Reference 1 Childrens Uv & fitness watch UVFIT 1.0 The Problem and Soltuion 1.1 Background Technology has made a path into the lives of nearly every...
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...Abstract This paper describes how Hollywood movies can be used in the classroom to exemplify business ethics, customer service, gaol achievements, etc. The movie selected for this paper is “The Terminal”, directed by Steven Spielberg. Itroduction: The Terminal is a soft comedy movie directed by Steven Spielberg, it revolves around an eastern European man (Victor Navorski) whose plans of visiting New York on achieving a small goal, were shattered because of the conditions that took place in his home country when he is en-route to New York. During his journey some rebel groups take over the government of his country, Krakozhia, and the newly formed ruling body is not recognized by the U.S. His passport was issued for a country, which during his upheaval ceased to exist officially. Unauthorized to leave JFK airport upon his arrival and unable to return home, Viktor finds himself exiled inside the terminal’s international lounge. Though Customs and Borders protection head at the JFK airport, Frank Dixon sees Viktor as an annoying bureaucratic glitch, other airport employees come to see him as a welcome, if unofficial, addition to their members. Dixon tries to get rid of Viktor from the airport, and hints at escaping through the doors when the guards change their shifts, but Viktor is reluctant to do that and he wants to leave the airport and step outside only when he is officially given the admission to the U.S. Dixon, who desperately waits for his own promotion wants the removal...
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...Ford and the Four Components of Business As the presentation in the first lesson module shows us, the four components of business are business, profit, business environment, and economy. (Unknown, 2011) I am going to try to explain in my own words what these words mean in my understanding of them, as well as describe how one of the Fortune 500 Companies of 2009 fit into these four components of business. Business, business to me is a company that buys, sells, makes, or provides services to products for an exchange of monies. Basically they make things, buys things, sell things, or fix things in the efforts to yield a profit. I decided to use Ford Motor Company (Ford) for my Fortune 500 Company to give a description of its organization. Ford fits into my definition of what a business is very easily. They are a manufacturing company, making several different products from Large Trucks like dump trucks and box trucks or what they label as a commercial vehicle, to small economy cars like the Ford Fiesta. So just by that alone Ford is a business as per the definition I gave earlier. The make a product to sell to the consumers, as well as products to service their products for the consumers and they do all this for the opportunity to make a tremendous revenue or profit, which profit just happens to be the second of the four components of business. (Cable News Network A Time Warner Company, 2009) Profit is simply this, gaining more money in revenue when selling something then...
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... Companies that provide mission statements attract potential customers by making them feel that they are secure as details of purpose are described. BB & T mission statement provides a feeling of partnership versus just being a client. They suggest the vision and offer guidance of said choice and encourage financial and economic establishment in communities. A vision statement presents the firms strategic intent that focuses the energies and resources of the company on achieving a desirable future. (J. A. Pearce, II, & R. B. Robinson, Jr., 2011). BB & T encourages long term relationships with rewards to their stakeholders for investments. They want all consumers to see them as their first selection when doing banking business. Their purpose is described “straight to the point”. If the stakeholders are continually receiving a ROI then the institution is living up to the recommended expectations BB & T stands by their values which revolve around the core of their true commitment. Reality, Reason, Independent thinking, Productivity, Integrity, Justice, Pride, Self-esteem, and Teamwork are character words that promote company confidence, attitude, and overall nature. When employees are satisfied with their employment it...
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...MGB223 Entrepreneurship and Innovation Assignment1: Business Concept E.B. (Electronic cigarette Bluetooth) Student Name: Sunjae Hwang (Sun) Student Number: N8972231 Tutorial Time: Tuesday 16:00~17:00 Tutor Name: Dr Alireza Javanmardi Kashan Submit date: 27th March 2015 Words count: 1197 1.0 The Business Concept: the problem and solution 2.1 Background There are over one billion smokers who often faced with burden of health and cost (OrganizationWorld, 1997). This is caused as smoke of cigarette damages several organ systems not only smokers but also second hand smokers (Boyel et al., 2004). Therefore, many numbers of smokers try to quit on their own, while smoking is one of a difficult addictions to break (Hughes et al., 2004). While some of smokers quit other try to find a chance to quit or reducing the risk of smoking through the electric cigarette which is battery powered electronic nicotine delivery device (ENDD) (Zezima, 2009). However, the problem of using electronic cigarette is still the gesture of smoking. With this reason, some of electronic cigarette users even more increase amount of smoking. 2.2 Challenge The challenge of this area is that identifying smoking habits while smokers use the electronic cigarette through specific devise to recognize problems of them. If smokers received the reports of their bad habits while smoking the cigarette, they might control their amount or habits of smoking. One of the major problems is that smoking...
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...Concept of political environment The political scenario in a country is the outcome of the interacting influence of various interest groups such as individual households, firms, politicians, bureaucrats and many others. The stronger a particular interest group the more prominent its ideology will manifest in the overall political scenario. In a country with federal character, where different interest groups are prominent at different levels, different ideologies exist side by side at the same juncture. The political scenario in different states may be different. Even at the centre, the political scenario may change with changes in the dominant interest group. As opposed to diverse political environments in a particular country, a particular political ideology may be found in more than one country. It is because the ethnic background, language, religion and so on bring many countries within the fold of one common political ideology. For example, it was the ethnic considerations that brought Serbs of the neighbouring regions into one political umbrella known as Greater Serbia. Thus political environment is marked by both diversity and uniformity. The political scenario often varies between the two extremes democracy on the one hand and totalitarianism on the other. The purest form of democracy represents direct involvement of citizens in policy making. But with growing time and distance barriers over time, it did not remain feasible for all citizens to participate in the political...
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...Understanding Business Research Terms and Concepts: Part 2 Statistical procedures can be divided into two major categories: descriptive statistics and inferential statistics. When it comes to statistical analysis, there are two classifications: descriptive statistics and inferential statistics. In a nutshell, descriptive statistics intend to describe a big hunk of data with summary charts and tables, but do not attempt to draw conclusions about the population from which the sample was taken. Descriptive statistics are very important because if we simply presented our raw data it would be hard to visualize what the data was showing, especially if there was a lot of it. Descriptive statistics therefore enables us to present the data in a more meaningful way, which allows simpler interpretation of the data. Descriptive statistics includes statistical procedures that we use to describe the population we are studying. The data could be collected from either a sample or a population, but the results help us organize and describe data. Descriptive statistics can only be used to describe the group that is being studying. On the other hand inferential statistics allows us to draw conclusions from data that might not be immediately obvious. In most cases an inferential statistic is used to test some hypothesis. Inferential statistics is concerned with making predictions or inferences about a population from observations and analyses of a sample. I was able to come across two article...
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...a brand, product or service utilizing traditional marketing placement strategies (i.e. price, promotion, distribution, packaging, and competition). Positioning is also defined as the way by which the marketers attempt to create a distinct impression in the customer's mind. Positioning is a concept in marketing which was first introduced by Jack Trout ( "Industrial Marketing" Magazine- June/1969) and then popularized by Al Ries and Jack Trout in their bestseller book "Positioning - The Battle for Your Mind." (McGraw-Hill 1981) This differs slightly from the context in which the term was first published in 1969 by Jack Trout in the paper "Positioning" is a game people play in today’s me-too market place" in the publication Industrial Marketing, in which the case is made that the typical consumer is overwhelmed with unwanted advertising, and has a natural tendency to discard all information that does not immediately find a comfortable (and empty) slot in the consumers mind. It was then expanded into their ground-breaking first book, "Positioning: The Battle for Your Mind," in which they define Positioning as "an organized system for finding a window in the mind. It is based on the concept that communication can only take place at the right time and under the right circumstances" (p. 19 of 2001 paperback edition). What most will agree on is that Positioning is something (perception) that happens in the minds of the target market. It is the aggregate perception the market has of...
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