salons, boutiques, sundry shops and restaurants are predominantly sole traders. Many such businesses have grown into fairly large organizations. The owner is required to register with the Registrar of Businesses (ROB) Advantages of sole trader: 1. The psychological advantage of being one’s own boss – the individual makes his own decision as to how and when he wants to work. Thus, his ideas and decisions can be effectively carried out. 2. Legal formalities are minimal and start up costs
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List the advantages and disadvantages of each form. Answer: A company may start off as a proprietorship, than advance to a partnership before forming a corporation below are some advantage and disadvantages of each form: 1. Proprietorship: This type of organization is individually owned and has the following advantage; it is easy and inexpensive to form, its income is not subjected to corporate taxes and it is subjected to few government regulation. Some disadvantages for proprietorship
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pp18-22 http://www.bipublication.com ADVANTAGES AND DISADVANTAGES OF PRIVATISATION IN INDIA Anant Kousadikar and Trivender Kumar Singh* *Jatan Swaroop PostGraduate College, Kayasthwada,Sikandrabad(U.P.), Distt: Bulandshar [Received-05/12/2012, Published-17/01/2013] ABSTRACT Privatization in generic terms refers to the process of transfer of ownership, can be of both permanent or long term lease in nature, of a once upon a time state-owned or public owned property to individuals or groups
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pp18-22 http://www.bipublication.com ADVANTAGES AND DISADVANTAGES OF PRIVATISATION IN INDIA Anant Kousadikar and Trivender Kumar Singh* *Jatan Swaroop PostGraduate College, Kayasthwada,Sikandrabad(U.P.), Distt: Bulandshar [Received-05/12/2012, Published-17/01/2013] ABSTRACT Privatization in generic terms refers to the process of transfer of ownership, can be of both permanent or long term lease in nature, of a once upon a time state-owned or public owned property to individuals or groups
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wants in the target market”. {Kotler and Armstrong (2010)} What is the right promotional mix? Business need to see how products or services are presented to customers. Their main criteria to check on is, personal selling, sales promotion, public relations and advertising. The role and functions of Advertising; The roles and function of advertising are many and varied. A few of them are listed below * To reach large audiences, and discrete groups * To help consumers assess the
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Information Pack (Eddie Rockets) Sole Trader, Partnerships, Franchises and Limited Companies are all types of organisations. A short definition of an organisation is a social unit of people that is structured and managed to meet a need or to pursue collective goals. All organisations have a management structure that determines relationships between the different activities and the members, and subdivides and assigns roles, responsibilities, and authority to carry out different tasks. Organizations
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being in a franchise 7 The main aims of a business 3 being in a private limited company 7 A brief history of mcdonalds 4 being in a public limited company 8 A brief history of Londis 5 being
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the organisation According to Allen Centralisation is systematic and consistent reservation of authority at central points within an organisation. Decentralisation applies to the systematic delegation of authority in an organisation context. Advantages of Decentralisation * Decentralisation reduces the workload of top executives. * It improves job satisfaction and morale of lower level managers by satisfying their needs for independence, participation and status. * Decision making
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Proprietorship business type, the owner of the business is entitled to all profits and handles all your business’s debts, losses and liabilities. The advantages of Sole Proprietorship include complete control of the business, Ease and inexpensive to forming the business and easy tax preparation as Sole Proprietorship is not taxed separately. Disadvantages for this type of business include unlimited personal liability, hard to raise capital and heavy burden as you handle success or failure of the company
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requirements. 6 Choice of companies 7 Advantages and Disadvantages 7 Liability 8 Conclusion 9 Bibliography 11 Synopsis. There are many types of company that Ted can establish, but the ones that Ted should consider are companies limited by shares and unlimited companies, either public or proprietary. Each type of company has its own advantages and disadvantages. However, proprietary companies have more advantages compared to public companies. There are many steps in registering
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