organisation because it is part of the national economy made up of private enterprises. It includes the personal sector (households) and corporate sector (companies), and is responsible for allocating most of the resources within an economy. See also public sector (business dictionary, 2013) M&s is a large size business because there are more than 250 employees, M&S has up to 82,000 employees and the majority of the people are in the UK. M&s is in the tertiary sector because they are providing
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between the business and his personal assets Advantages: -only minimal legal requirements for him to comply - Easy to start -minimum capital is required -all assets & profits belong to the owner -owner can exercise his entrepreneurial skill to the full -owner makes all decision & operates the business the way he wishes - No need to disclose accounts to the public Disadvantages: -unlimited liabilities -inadequate funds -limited skill or expertise -personally accountable for
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households, business firms, and the international firms and consumers. The public sector refers to activity by the various levels of government. Households are one or more persons occupying a unit of housing. A business firm is a business organization controlled by a single management. The international sector is foreign buyers and sellers who have a significant effect on economic conditions in the U.S. The Government sector (Public) is all of the government entities from federal, state, and local.
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dresses, blouses, evening and prom gowns to blazers, sleeveless and long-sleeved shirts, suits, barong and wedding gowns. Although, their flagship product was the party dresses which happen to sell more to their customers. MICO’s visibility to the public was most likely due to word-of-mouth. Mia already worked on designs for different high-end clients, one of which was Former President Gloria Macapagal Arroyo. MICO thrives on uniqueness for their brand. Materials are often bought outside the country
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after paying the taxes. An advantage of being a sole trader is that you are fully in charge which means that they don’t have consult between anyone else. Another advantage is that the wage bill will usually be low, because there a few or no employees. A disadvantage of being a sole trader is that Sole traders often work long hours and find it difficult to take holidays, or time off if they are ill. Also another disadvantage is that developing the business is also limited by the amount of capital
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I. Sole Proprietor: Advantages: No creation cost or time (nothing is Created) Quick start up Permits might be needed in certain business industry, as in food or liquor business. Autonomy Own the business out right. Set own hours of operations Can choose pace of growth Can quickly choose to have new areas of business Can operate under a DBA/ assumed name other than owners personal name a. Cannot have corp or Inc. in name Disadvantages: 1 owner/can not bring in partners
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under switches the government which is known as the public sector. Charities and non-profit organisations are sometimes considered to make up a third section, known as the volunteer sector. However, some organisations are more usually to be considered part of the private sector. The customers can buy shares in Tesco and then get given a shareholder number which than shows on the top right side of the certificate. B.) Advantages & Disadvantages Tesco is owned by thousands of people and organisation
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need to address and discuss how we will deal with the negative effects that our medication are causing to the public. Also, a well-known public figure has felt the negative effects of our medication too. Today we will discuss on how to use traditional, electronic, and social media communication methods to address the general public and news reports. There are advantages and disadvantages of using these types of communication methods. There is one aspect we need to consider when using these communication
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Memo To: XXXXXX From: XXXXXXXX Date: July 1, 2015 Re: Ethics and Net Neutrality Ethics and Net Neutrality This article attempts to look closely into Net Neutrality and focus on the concept of whether or not it is fair and/or ethical. Net Neutrality has been described by Wikipedia as “the principle that Internet service providers should enable access to all content and applications regardless of the source, and without favoring or blocking particular products or websites.” (Wikipedia
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start-up to a major corporation. List the advantages and disadvantages of each form. The 3 organizational forms are (1) Sole Proprietorship (2) Partnership (3) Corporation The advantages of a sole proprietorship are that it’s very easy to form, subject to very few regulations and no corporate income taxes. The disadvantages of a sole proprietorship are a limited life, unlimited liability and it is difficult to raise capital to support growth. The advantages to a partnership are ease of formation
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