Introduction to Business Concept
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Transcript of Introduction to Business Concept
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Introduction to Business
Concept
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THE COMPANIES
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TUTORIAL FOCUS
COMPREHENSIVE QUESTIONS
CHAPTER’S OVERVIEW
KEY TERMS DICUSSION
DISCUSSING ACTIVITIES
OUTLINE
HOME
DISCUSSINGQUESTION
QUESTION1
QUESTION2
QUESTION3
QUESTION4
SUMMARYCASE STUDY
QUESTION5
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Intranets, Extranets,and Private Exchanges
What is Company?
KEY TERMS DISCUSSING
OUTLINE
HOME
DISCUSSINGQUESTION
QUESTION1
QUESTION2
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QUESTION4
SUMMARYCASE STUDY
QUESTION5
• Company: an organization which goods or services are sold in order to make money.
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Intranets, Extranets,and Private Exchanges
A SOLE PROPRIETORSHIP?
KEY TERMS DISCUSSING
OUTLINE
HOME
DISCUSSINGQUESTION
QUESTION1
QUESTION2
QUESTION3
QUESTION4
SUMMARYCASE STUDY
QUESTION5
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Intranets, Extranets,and Private Exchanges
PARTNERSHIP?
KEY TERMS DISCUSSING
OUTLINE
HOME
DISCUSSINGQUESTION
QUESTION1
QUESTION2
QUESTION3
QUESTION4
SUMMARYCASE STUDY
QUESTION5
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Intranets, Extranets,and Private Exchanges
CORPORATION?
KEY TERMS DISCUSSING
OUTLINE
HOME
DISCUSSINGQUESTION
QUESTION1
QUESTION2
QUESTION3
QUESTION4
SUMMARYCASE STUDY
QUESTION5
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Intranets, Extranets,and Private Exchanges
CORPORATION?
KEY TERMS DISCUSSING
OUTLINE
HOME
DISCUSSINGQUESTION
QUESTION1
QUESTION2
QUESTION3
QUESTION4
SUMMARYCASE STUDY
QUESTION5
Owners of a corporation are called shareholders (or stockholders).
When a corporation issues only one class of stock, we call it common
stock (or capital stock).
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JOINT VENTURE?
KEY TERMS DISCUSSING
OUTLINE
HOME
DISCUSSINGQUESTION
QUESTION1
QUESTION2
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SUMMARYCASE STUDY
QUESTION5
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FRANCHISING?
KEY TERMS DISCUSSING
OUTLINE
HOME
DISCUSSINGQUESTION
QUESTION1
QUESTION2
QUESTION3
QUESTION4
SUMMARYCASE STUDY
QUESTION5
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REPRESENTATIVE OFFICE?
KEY TERMS DISCUSSING
OUTLINE
HOME
DISCUSSINGQUESTION
QUESTION1
QUESTION2
QUESTION3
QUESTION4
SUMMARYCASE STUDY
QUESTION5
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Intranets, Extranets,and Private Exchanges
REPRESENTATIVE OFFICE?
KEY TERMS DISCUSSING
OUTLINE
HOME
DISCUSSINGQUESTION
QUESTION1
QUESTION2
QUESTION3
QUESTION4
SUMMARYCASE STUDY
QUESTION5
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BRANCH OFFICE?
KEY TERMS DISCUSSING
OUTLINE
HOME
DISCUSSINGQUESTION
QUESTION1
QUESTION2
QUESTION3
QUESTION4
SUMMARYCASE STUDY
QUESTION5
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A SUBSIDIARY?
KEY TERMS DISCUSSING
OUTLINE
HOME
DISCUSSINGQUESTION
QUESTION1
QUESTION2
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SUMMARYCASE STUDY
QUESTION5
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Intranets, Extranets,and Private ExchangesCHAPTER SUMMARY
OUTLINE
HOME
DISCUSSINGQUESTION
QUESTION1
QUESTION2
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SUMMARYCASE STUDY
QUESTION5
FACTORS FOR CONSIDERING BEFORE CHOOSING BUSINESS FORM
® Tax considerations® Liability exposure® Start-up capital requirements® Control® Managerial ability® Business goals® Management succession plans® Cost of formation
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Intranets, Extranets,and Private ExchangesCHAPTER SUMMARY
OUTLINE
HOME
DISCUSSINGQUESTION
QUESTION1
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SUMMARYCASE STUDY
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A Sole Proprietorship: is a form of business ownership which has only one shareholder and is an enterprise which is established and operated by a single natural person who is the owner of all its capital. ADVANTAGES:® Ease of starting and
ending the business® Being your own boss® Pride of ownership® Leaving a Legacy® Retention of company
profit® No special taxes
DISADVANTAGES:® Unlimited Liability® Limited financial
resources® Management difficulties® Overwhelming time
commitment® Few fringe benefits® Limited growth® Limited life span
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Intranets, Extranets,and Private ExchangesCHAPTER SUMMARY
OUTLINE
HOME
DISCUSSINGQUESTION
QUESTION1
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SUMMARYCASE STUDY
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A PARTNERSHIP: associate with one or more people who co-own a business for the purpose of making profit.
ADVANTAGES:® Easy to establish® Ability to attract limited
partner® Tax advantages® Flexibility ® More financial
resources® Shared management
and pooled knowledge® Longer survival
DISADVANTAGES:
® Unlimited Liability
® Division of profit
® Disagreements among partners
® Difficult to terminate
® Lack of continuity
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Intranets, Extranets,and Private ExchangesCHAPTER SUMMARY
OUTLINE
HOME
DISCUSSINGQUESTION
QUESTION1
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SUMMARYCASE STUDY
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CORPORATION: is a separate legal entity and the most complex of the three basic forms of ownership.
ADVANTAGES:® More money for
investment® Limited Liability® Ability to continue
indefinitely® Ability to attract capital® Ease of ownership
change® Ease of drawing
talented employees
DISADVANTAGES:
® Initial cost® Extensive paperwork® Size® Difficulty of termination® Double taxation® Possible conflict
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Intranets, Extranets,and Private ExchangesCHAPTER SUMMARY
OUTLINE
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DISCUSSINGQUESTION
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Form of Business74% 7% 19%
Sole Proprietorship Partnership Corporations
Sales Revenue
5%
6%
89%
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Intranets, Extranets,and Private ExchangesREVISION’S QUIZ
OUTLINE
HOME
DISCUSSINGQUESTION
QUESTION1
QUESTION2
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QUESTION4
SUMMARYCASE STUDY
QUESTION5
Q1: An association of two or more people who co-own a business for the purpose of making a profit.A. Sole proprietorshipB. PartnershipC. Corporation
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Intranets, Extranets,and Private ExchangesREVISION’S QUIZ
OUTLINE
HOME
DISCUSSINGQUESTION
QUESTION1
QUESTION2
QUESTION3
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SUMMARYCASE STUDY
QUESTION5
Q2: is a business owned and managed by one individual and is the most popular form of ownership. A. Sole proprietorshipB. PartnershipC. Corporation
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Intranets, Extranets,and Private ExchangesREVISION’S QUIZ
OUTLINE
HOME
DISCUSSINGQUESTION
QUESTION1
QUESTION2
QUESTION3
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SUMMARYCASE STUDY
QUESTION5
Q3: is a separate legal entity and the most complex of the three basic forms of ownership.A. Sole proprietorshipB. PartnershipC. Corporation
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Intranets, Extranets,and Private ExchangesREVISION’S QUIZ
OUTLINE
HOME
DISCUSSINGQUESTION
QUESTION1
QUESTION2
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SUMMARYCASE STUDY
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COMPREHENSIVE QUESTIONS
Q1: What factors should you consider before choosing a form of ownership? Please list down several and briefly explain.
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Intranets, Extranets,and Private ExchangesREVISION’S QUIZ
OUTLINE
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DISCUSSINGQUESTION
QUESTION1
QUESTION2
QUESTION3
QUESTION4
SUMMARYCASE STUDY
QUESTION5
COMPREHENSIVE QUESTIONS
Q2: What does unlimited liability mean?
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Intranets, Extranets,and Private ExchangesREVISION’S QUIZ
OUTLINE
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DISCUSSINGQUESTION
QUESTION1
QUESTION2
QUESTION3
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SUMMARYCASE STUDY
QUESTION5
COMPREHENSIVE QUESTIONS
Q3. What are the main differences between general and limited partners?
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Intranets, Extranets,and Private ExchangesREVISION’S QUIZ
OUTLINE
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DISCUSSINGQUESTION
QUESTION1
QUESTION2
QUESTION3
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SUMMARYCASE STUDY
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COMPREHENSIVE QUESTIONS
Q4. What are the advantages and disadvantages of corporations?
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Intranets, Extranets,and Private ExchangesREVISION’S QUIZ
OUTLINE
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DISCUSSINGQUESTION
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SUMMARYCASE STUDY
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THE TIME IS OVER
Submit your work!!!
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KNOWLEDGE SHARING ACTIVITIES
OUTLINE
HOME
DISCUSSINGQUESTION
QUESTION1
QUESTION2
QUESTION3
QUESTION4
SUMMARYCASE STUDY
QUESTION5
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Questions & Comments???
THANKS FOR YOUR GOOD
PARITICIPATION!!!