known in the society. The legal entity can be in any form of a business organization. The various forms of organization are as follows: 1) Sole proprietorship 2) Partnership 3) Co-operative Society 4) Joint stock company (Private and Public) These are explained in brief as follows:3.1 OBJECTIVES At the end of this lesson you will be able to know Various forms of organization Its formation & features Merits & Demerits 3.2 SOLE PROPRIETORSHIP 3.2.1 Meaning: The sole
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sales. FOUR FACTORS WHICH MARKETING DECISIONS MAKING WITH REGARD TO PROMOTION: 1.) THE PROMOTION BUDGET AVAILABLE The amount of money available for promotion is the real determinant of the mix. BIG companies can make greater and more effective use of advertising than firms with limited resources. Small businesses rely on personal selling dealer displays. 2.) THE NATURE OF THE MARKET The influence of the nature of a company’s market is affected by the Geographic scope of the market, its
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and other non-tangible property and as well as giving the opportunity to receive recognition or financial benefit for what they invent or create (World Intellectual Property Organization, 2014). Intellectual property affords competitive advantages to a company. “Defining IP as an asset aims to provide it the same protective rights as physical property. Obtaining such protective rights is critical as it prevents replication by potential competitors - a serious threat in a web-based environment or
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Chapter 1 Questions Question [pic] Answer 1-1 a. Proprietorship: A business structure in which an individual and his/her company are considered a single entity for tax and liability purposes. A proprietorship is a company which is not registered with the state as a limited liability company or corporation. The owner does not pay income tax separately for the company, but he/she reports business income or losses on his/her individual income tax return. The owner is inseparable from the proprietorship
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Safaricom……………………………. * Safaricom Competitors & no of employees………….. * Safaricom type of ownership…………………………. * Ownership advantages and disadvantage…………….. * | (4) | * Safaricom sales and figures…………………………. * Purposes of Safaricom existence…………………….. * Safaricom aims and objectives………………………. | (5) | | | * Public sector Business: National Bank of Kenya……..
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phrase limited liability mean in a corporate context? Owners’ liability is limited to the amount they invested in the firm. Stockholders are not responsible for any encumbrances of the firm; in particular, they cannot be required to pay back any debts incurred by the firm. 1-3. Which organization forms give their owners limited liability? Corporations and limited liability companies give owners limited liability. Limited partnerships provide limited liability for the limited partners
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Limited Liability Corporation and Limited Liability Partnership Onorio Dimas University of Phoenix FIN/419 James Hagist 04/01/2013 Abstract America has been known for many years as the land of opportunity both for Americans as well as foreigners in regards to starting a business. But, as easy as it has become to start a business, it is also important to understand the different options there is when structuring the business. This
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Question1 (a) Facts: Due to the global financial crisis, the business of Bling Bling Pty Ltd has declined and the company is in the process of insolvent and under the care of a liquidator. The liquidator has rejected Sue’s claim to the securities, which includes a substantial block of shares that were fully paid, and debentures for further substantial sum secured by charge over all company’s assets. Issue: Whether Sue can enforce her charge [security interest] against Bling Bling Pty Ltd
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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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form a sole proprietorship, partnership, limited liability company, corporation, or limited liability partnership. A sole proprietorship primary advantage is it owned by one person, who can make all the business decisions for the company as well as keep all the profits. It is the most commonly used form of business in the United States. It is the least expensive to start; however, he or she is also accountable for all the debts and obligations of the company. Additionally he or she has unlimited liability
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