Sole proprietorship

Businesses often establish relationships with other companies, this is networking which creates profits and sometimes emerges, and this action is supported by a contract. According to our text entitled Essentials of Business Law, It defines contracts as a binding an agreement most of all contracts are enforceable by law. A contract is started by two different agents who are both required to fulfill duties in agreement with the contract. A contract is described as a report showing agreement to…

In the outdoor survival knife market, the problem in the market is the unavailability of a quality outdoor survival knife that is both dependable and affordable. This problem affects the avid outdoorsmen ages 15-30 who enjoy spending their time experiencing all nature has to offer. This market is large for these outdoorsmen who want a survival knife that they can use and depend on while in the wilderness. These outdoorsmen satisfy their need by purchasing over-priced top-quality survival knives.…

influences effectively adapting to the China market. McDonald’s is second to KFC in the Chinese market and utilizes very different approaches to expansion and management. The culture of McDonald’s centers on local control through joint venture, sole proprietorship, and franchising. The local partners are the core to meet and conform to local and national requirements for business within China. Customer behavior in relation to the quick service restaurant parameters of McDonald’s quickly…

Samuel nartey E1500539 FOREIGN TRADE IN PRACTICE Foreign trade is exchange of capital, goods, and services across international borders or territories. In most countries, it represents a significant share of gross domestic product (GDP). For example when one walks to a supermarket to purchase apples imported from italy , carrots from Germany , salt from Ghana and many more other things , the effect of foreign trade is taking place . This gives a rise to foreign economy in which supply…

Contemporary Health Care Issue Technology is one of the key elements for both for-profit organizations and nonprofit organizations in providing modernized medical services for the vast amount of populace in all the various geographic locations. At one time, the means of one doctor being able to consult with another doctor was by either sending messages or a messenger or by traveling to the other practitioner via stage coach or horse and buggy, depending on the geographic location. Today…

followed unlike in other forms of business 3. It cannot be dissolved easily ,proper formalities and rules have to be followed in order to dissolve the firms When a new business is started as retail store by me, I had started with my savings as sole proprietorship as I want to keep all the…

Missing 99 42 15.1 Total 278 100.0 REGBB Frequency Percent Valid Percent Cumulative Percent Valid sole proprietorship 153 55.0 78.5 78.5 partnership 29 10.4 14.9 93.3 Company act 13 4.7 6.7 100.0 Total 195 70.1 100.0 Missing 99 83 29.9 Total 278…

Introduction -Executive Summary. Intimately Yours Holistic Life Coaching, owner LaKeisha McRae found success in her career and suspect in her family able to manage both as a full-time employee, mother of five, devoted wife, but found that something was still missing from her personal wellbeing. In speaking with other women from various walk of life it seems there was a census where the women often from themselves left of the equation of the people they took care off. This spurns the idea of…

The first strategy is the formation of a dedicated department for the marketing activities. Small businesses comprise of staff, mainly managers whose roles overlap. As such, an individual may be in charge of finance but at the same time is tasked to oversee the marketing affairs of the organization. In this case, the marketing task is not given the necessary attention that is expected. This dedicated department will have the duty of developing the marketing approach that will be used by the…

1.1 Purposes of different types of organisation Business Enterprise is of two types government institutions (non profit organisation)and individualistic institutions (money motive). Sole proprietorship, partnership and joint stock company including branches and voluntary association of people belong to individualistic institutions. Public enterprises run mainly to provide service to public. Industries can be classified into three types firstly manufacturing raw materials, secondly producing…