Business Essay Format

e-Business Essay example
E–Business
E–business is the largest emerging trend in business today. The movement into e–business is
dramatically changing the way people buy and sell. Business is no longer a one for all concept, that
concept is being replaced by a consumer economy that is driven by choice. These choices are not
only in product and price but in shopping environment as well, where their transactions can take
place face to face or in an online environment. Not only are traditional businesses completing their
transactions with other businesses in such an online format, but such transactions are taking place
between businesses and consumers as well as consumers to consumers. The following paper outlines
some of the differences and similarities of each of...show more content...
I have outlined some strengths and weaknesses of business to consumer e–business and the way it is
affecting the relationship between the consumer and merchant using Amazon.com's Virtual Retailing
Model as an example.
Virtual retailing involves the request for and closing of a transaction over the medium of the
Internet, via a web page (http://www.cybersolve.com/retail.html). While the processing of the
transaction, itself, is key to the existence of a virtual retailer, it is not the most important piece. The
key to the success of a virtual retailer, according to Peter G. W. Keen, is the ability of that virtual
retailer "to build strong customer relationships". Amazon.com has by far been one of the most
successful virtual retailers in building strong customer relationships. 70% of Amazon's customers are
repeat customers; this is no surprise when Amazon.com invests 20% of its revenue in attracting
consumers and develops different techniques to "bond with the customers", such as "My Amazon"
(http://www.computerworld.com/home/print.nsf/all/990614AD62 ).
Traditionally businesses had to locate themselves, plant themselves several times over in
Get more content on HelpWriting.net

Business Report Essay
Business Report SOCIAL CUSTOMS
Every country has it's own social customs and gestures. Ireland has its share of social customs that
differ from the United States, but for the most part the countries are relatively similar. Friendliness
and hospitality have always been the hallmark of the Irish people. People in Ireland react to strangers
very politely, as you would expect in most parts of the United States. The attitude toward foreigners
in Ireland is reasonably friendly, and welcoming, as opposed to being hostile. In Ireland people greet
each other much like they do in the United States. In a social setting, a handshake is appropriate
when greeting another man, when greeting a woman a hug is appropriate.
The manners in Ireland...show more content...
Tipping taxi drivers, porters, hairdressers, etc., is customary, but not obligatory.2
To refuse an invitation is viewed much like it would be in the United States. If it were necessary to
decline an invitation, it would not be viewed offensively. When refusing an invitation, you would use
a polite manner, as would be expected in any country, usually explaining the reasons for your
absence. Eye contact is important when communicating in Ireland, as would be in any country.
When conversing with someone it is appropriate to maintain eye contact, not allowing your eyes to
wonder, and give the impression of disinterest. When non–verbally communicating, nodding your
head is acceptable, where as when disagreeing shaking your head is acceptable.1
When in a social or business setting, there is no information alluding to inappropriate subjects.
However, you should most likely exercise your best judgment, and refrain from talking about
personal matters or opinions. There is no social hierarchy in the social structure of Ireland. The
former colonial power shows no apparent power in present Ireland.
CONCEPTS OF TIME
Time is expressed in Ireland in the same way it is expressed in the United States. There is no
deviation. Banks are generally open 10AM–3PM, Monday–Friday (closed for an hour midday).
Shops are open from

Essay On Business Structure
When brainstorming to start a business, it is essential to research the most efficient way to start a
company and all the liabilities that can happen. Business can become successful with the right
person in place and a unique idea. When making a company, it is crucial to determine the structure,
which organization to start with and the liability that is involved. When taking a closer look at five
different company structures Sole Proprietorship, General Partnership, Limited Partnership, S/C
Corporation, and Limited Liability. Which have not honored the contract and are at risk for legal
actions. The various liabilities between each owner will be discussed. Which will analyze ways to
limit liability and display my future business...show more content...
Now, A partnership is formed between two individuals and the agreement should be in a contract
form or writing. The next two types that are discussed are general partnership and limited
partnership. Silverbrand (2008) stated Partnerships are the primary form of business which larger
companies begin (p.167). Partnerships are simple to start, no required registration only within
certain states, and can end quite rapidly. A general partnership is where each partner is equal to
liability or any litigation consequences. In a limited partnership, the liability is limited equal to the
amount the limited partners at first invested. In fact, sometimes limited partners do not make
business decisions but, own stock within the company. Basically, an LLC, with its hybrid nature,
"provides owners...with the limited liability protection of a corporation, but without the potential
for double taxation" (Jordan & Clark, 1197). The income created from a general partnership of a
business is taxed as income earned by the person working for a different company. When starting a
partnership it is best to discuss the amount of liability that each partner is responsible for. Which,
will help when looking at the type of litigation described.
The most recognized companies are Corporations and LLC's. According to Sonderquist (2000)
Corporations are similar to limited partnerships

Essay about My Business Idea
My Business Idea
In my coursework I intend to start my own business. I will devise my own business plan which
outlines my business proposal and the key aspects, during this I will need to seek good business
advice on the necessary steps I will have to make. As I go through the coursework I will show
evidence, examples and explain how businesses are set up, what types of businesses there are and
their similarities, the kind of targets businesses set for themselves and also the different objectives of
different stakeholders. For my business I plan to sell toys and other game products that educate
young children under the age of 11.
Starting up a business is difficult and risky. Anyone setting up needs to consider:
В·...show more content...
Most people though have to research their product. Businesses also have to decide how the product
is to be made.
Finance
=======
No businesses can be set up without finance. Most people who start their own business
underestimate the amount of money they will need to set up. They are often UNCAPITALISED
and this causes problems as the business expands. Some businesses have the potential to be highly
profitable but fail because they run out of cash at a crucial early stage in the life of the business. So
it is very important to work out how much money is needed to start the business and to identify
where the money will come from.
Identifying the sources of help
===============================
Most new businesses don not survive for more than three years of trading. However, their chance of
success is much greater if those setting up the business have received help from experts before the
launch. Many new businesses turn to Business Link or to their local
TEC. They can identify any grants, loans or benefits that are available from government or from
bodies like the Prince's Trust. They can also organise training in setting up small businesses that is
so often vital to the survival of the business.
The business plan
=================
Drawing up a business plan is very important. The business plan sets out how the business is to be

set up and

Starting and Running a Business Essay
Starting and Running a Business Despite being an intimidating prospect for most people, there
are millions of entrepreneurs in the US. Some of them turn out to be very successful, others, not
so much. There are many steps to starting and running a business, but many of them can be easily
accomplished simply by filling out some forms, and several small fees. Businesses have been
around since the beginning of bartering, an apple for some wheat, a horse for a wife, a daughter
for a house. (In no way reflecting what I would trade) The startups of businesses across time have
never come easy, from cost, to hassle, to threat of beheading; there have always been obstacles in
starting a business. One of the hardest parts of being an...show more content...
This is ideal for most people who want to start a business and keep their home if something goes
wrong. The largest area a permit is good for is one county. If one wishes to operate outside the
county the license was issued in, they would have to get a license from that specific county. The
most important thing is starting a business is having a business plan. This is the only way any
bank will approve you for a business loan. [1] Without this business plan, the bank has no way to
analyze the business's performance thus far. The SBA offers a template for how to lay out a
business plan. The following is how a good business template should be formatted (from SBA.gov).
Writing the Plan
What goes in a business plan? The body can be divided into four distinct sections:
1) Description of the business
2) Marketing
3) Finances
4) Management
Agenda should include an executive summary, supporting documents, and financial projections.
Although there is no single formula for developing a business plan, some elements are common to
all business plans. They are summarized in the following outline:
Elements of a Business Plan
1. Cover sheet
2. Confidentiality Agreement
3. Statement of purpose
4. Table of contents
I. The Business A. Description of business B. Marketing C. Competition D. Operating procedures E.
Personnel F. Business

My Family With Business Background Essay
I grow up in a family with business background. Most of my family, in Iran, has their own business
firms. Following my father 's footsteps, I also developed an interest in starting and running my own
business. When I was 13 years old, with help from family and friends, I started my first business on
the internet. It didn 't take long that the website became famous and profitable. After two years, I
sold my business and looked for another opportunity to invest my money.
I always had a dream to study abroad and get a degree in business. I consider myself fortunate as I
was selected to participate in a program in the United Kingdom called Bossiness Foundation allowing
me to move to the United Kingdom and study business in high school. When I was seventeen years
old, I moved from my home country of Iran to the United Kingdom pursuing a better education and
future opportunities.
It wasn 't easy to say goodbye to my family and friends and move to a country with a different
culture, language, weather and lifestyle. I moved to Brighton UK, a Small city in the southern
UK, where my high school was located. For the first time in my life, I was on my own. I had to
grow up quickly and start making decisions, for my life and my future, on my own while learning
and integrating into to a new society. I took on this challenge head on and started learning what it
takes to survive on my own. The most important skill that I learned was time and money
management. There was no one around to

Essay on International Business
Today's world of rapid increase in and expansion of technology is the reasons for recent International
Business growth. The rapid growth in international business makes an understanding of
organizational behavior all the more important for contemporary managers. Businesses have
expanded internationally to increase their market share, as the domestic markets were too small to
sustain growth. Business transactions are also becoming increasing blurred across national
boundaries.
Companies engage in international business to expand sales, acquire resources, diversify their
sources of sales and supplies, and minimize competitive risk. When operating abroad, companies
may have to adjust their usual methods of carrying on business. This is...show more content...
When dealing with international finance, risk is calculated in many different areas. Here, I will
discuss the financial risks associated with international business, with an emphasis on the risk of
foreign exchange rates. Country Risk When a business decides to become an international trader, one
type of risk that must be examined is the country risk. When a company accepts or approves credit to
a foreign customer, they are not only assuming the foreign company's risk, but also the country's risk.
Country risk analysis means determining the country credit–worthiness. In terms of the ability and
willingness of a foreign government to make available to local companies foreign exchange
necessary to service their foreign currency denominated obligations or debts to foreign suppliers.
(www.bcfm.com/financial_manager/szabo%20internationalfm98.htm)
Mitigation of Country Risk
One way a company can help to mitigate country risk is by fully researching the foreign country
they wish to do business with. This is accomplished by conducting a country risk assessment. This
assessment takes into consideration the probability of credit loss or delayed payment, and uses the
results to determine if the corporation will extend credit with the foreign business. Foreign
Exchange Risks Foreign exchange risks are often the result of country risks. Foreign exchange risks
can be defined as the ability and willingness of the

Business Communication Essay example
Business communication needs to become interpersonal again. No matter how we believe our
human forms came into existence, we were built to need personal contact and function best with
face–to–face communication. As children, we desired comfort from touch, a hug from our mothers.
As teenagers, we held hands with our boyfriend or girlfriend. As adults in the workforce, we still
need to feel that connection and comfort with our families and the people we work with. As Susan
RoAne (2008), owner of a speaking, consulting, and coaching business, discusses one way we feel
this connection is through getting to know and building trust by communicating in–person. Through
this interpersonal interaction, we not only feel more comfortable around...show more content...
For the greatest success of the business, employees need interpersonal communication to connect
with their co–workers. A leadership expert, John C. Maxwell (2010) says: "Connecting goes beyond
words." (p. 41). Physically being in the same room, verbally speaking thoughts, engaging in eye
contact, and being able to see nonverbal responses are all important and add to a person's
understanding of the message being communicated and feeling a connection. Overall,
communicating face–to–face is more natural for employees. An employee knows who is hearing
what they are saying and seeing their nonverbal gestures. The employee can either get immediate
feedback whether or not the person understands or agrees or disagrees. The communication does not
have to be formatted as it does on paper. An employee should still present themselves professionally,
but communicating face–to–face is a process, instead of format.
Through in–person communication, employees will be able to not only build needed connections,
but relationships and trust with co–workers in the business. Maslow's hierarchy of needs is like a
staircase, a person needs to satisfy the lower stairs to easily reach and fulfill the higher staircases.
If you refer to Figure 1 on page 9, social needs, feeling connections with people around you, are

Interview with Business Owner Essay examples
Nilima Rawal
BMGT110
University of Maryland University College
September 23, 2012
Abstract
For my interview I decided to choose the owner of 6 different Subway Restaurants in Maryland. It
was an honor to interview my friend "Mr. Sharad Doshi". He has been in this industry for past five
years. I chose him because he has been an inspiration to everyone. Looking at his accomplishments,
makes us feel very proud and I knew for sure, for me, the best person to interview would be him.
Subway is an American Restaurant Franchise that primarily sells Sandwiches (Subs) and Salads. It
is owned and operated by Doctor's Associates, Inc. (DAI). Subway is one of the fastest growing
...show more content...
This year Subway owners collected $330,000.00 and donated to American Diabetic Association to
prevent and educate people about Diabetes (Subway.com)
He says I strongly believe that my store has a positive impact on the economy. Since the economy
is in recession, people don't want to spend lot of money on expensive restaurants. As mentioned
earlier, subway provides healthy meal options at a very affordable price to the people. We started
offering $5 foot long subs in order for our customers to get healthy food at a very low cost. People
can eat fast food and lose weight. Our classic example is of Jared, who lost 180 pounds just by
eating Subways' healthy sandwiches. According to the Subway official website, Subway has
impacted the environmental issue by switching to napkins that use 100% recycled materials, of
which 60% is post–consumer recyclable material. Recycled material can include material such as
wood chips; while post–consumer recycled material is paper that has already been used by
consumers. Subway estimates it will save about 147,000 trees a year. The company also switched
to cutlery and plastic drinking cups made of polypropylene instead of polystyrene, which it
estimates will save 13,000 barrels of oil annually. Subway sandwiches are extremely popular in
different parts of the world and in some places, it has reached

Benefits And Advantages Of A Business Essay
Digitization has brought both difficulties and advantages for the distributed and toy commercial
enterprises. With the quick development of cell phones, phablets and tablets, the offers of e–books
have surged amid a previous couple of years, far surpassing the offers of physical books. Also, with
Kindle and other independently publishing stages, numerous creators have embraced the electronic
form solely or as the favored medium.
As discussed earlier, a physical business is a business with a physical location. More to say, it is a
business whose location can be determined from a map. One of the important elements in setting up
a business, is setting up a location. In traditional times, we had no internet. The only way a vendor
could have a successful business is to find a perfect location for his business.
Before finding the perfect location, there are a number of factors that had to be considered. The
first one is to find out the culture of the people around the area which the business would be set up.
This determines whether the merchant will have customers from that area or not. It is virtually
impossible to prosper in an area where no one buys your goods.
Another factor that ought to be considered is the geographical location in which the business will
be established. The business should be located in a place that is accessible to any form of transport.
This is to facilitate the transportation of goods or the products to be used to carry out the required
service.
There

An Introduction to Business Essay
An Introduction to Business
Business plays a major role within our society. It is a creative and competitive activity that
continuously contributes to the shaping of our society. By satisfying the needs and wants people
cannot satisfy themselves, businesses improve the quality of life for people and create a higher
standard of living.
It is a way for individuals to provide goods and services to consumers, and at the same time, produce
a profit for themselves. Businesses are not only important because they provide goods and services
for consumers, but they also improve the economy and increase jobs for people within society
which is an additional fact producing a higher standard of living. To measure our societies standard of
International trade deficits occur when a nation imports more then it exports. The Decline of
Smokestack America is when there is a change from an industrial to a post–industrial economy.
Finally, the conservation of energy is so that there are a sufficient amount of natural resources
necessary to produce goods. General economic growth or stagnation also has an important influence
on business within our society. Many factors can affect it's condition, such as war, new inventions
and technology, political assassinations, the discovery of physical and natural resources, labor
negotiations, government action, and many others. When the economy is strong and the demand is
high, businesses can prosper. Regardless of how great the economy may become, businesses still
must compete with other firms for scarce raw materials and labor.
A businesses environment creates many opportunities as well as problems for prospering businesses.
The environment determines what a business can do by shaping and channeling its development.
Businesses function within an environment by allowing entrepreneurs to raise capital and create
profits freely. The supply of money available within a business as well as the economic stability
through times of growth and recession have strong effects on businesses. Not only is the physical
environment, including natural resources, pollution and energy as discussed previously, important,
but many other

How to Write a Business Report Essay
Reports and proposals
After reading this chapter you should be able to: Explain the differences and similarities between
formats, types or sub–genres of reports Explain the differences and similarities between reports and
essays Explain why documents need to contain an appropriate balance of information and persuasion
Demonstrate competence in writing a longer, analytical research report Explain the differences
between reports and submissions, proposals and tenders
So you've got to write a report . . .
The ability to write reports is one of the most useful writing skills you can acquire. To be a good
report writer means you must be competent at describing and analysing situations and people. A
report is a powerful...show more content...
195)
Memo report
Gives picture of non–routine processes and situations Gives picture of non–routine processes and
situations Presents a case for change (e.g. a purchase, a new system and/or stafп¬Ѓng)
Letter report
Mainly external Decision–makers
Justiп¬Ѓcation

Benefits Of Starting A Home Based Business Essay
The advantages of starting a home based business outweigh the time and small expense involved in
setting up a viable business. For the long term, the overhead costs for starting a business in your
home are very low. The government provides several tax incentives for individuals who have
businesses set up in their home. There are some strict rules and regulations that must be met to
qualify for the home–based business deduction but once confirmed, the tax refunds for having a
home based business are very lucrative.
In addition to the tax advantages, home based business owners have no daily transportation
expenses. home based business owner has unlimited flexibility in balancing work and family
commitments. Using technology for communication and business processes makes working from
home a sensible and practical solution to the high price of gasoline, commuting time and costs of
buying new clothes.
Home–based businesses play a crucial role in the free enterprise system. These entrepreneurs
contribute to the overall economy as well as the financial viability of their families. The ultimate
dream of a home based business is to provide financial independence for the owner, their family and
the community at large..
Some of the most widely recognized software retailers and cosmetic companies had their beginning
in a garage. Companies like Apple Computer, Hewlett Packard, Dell, Microsoft, Lotus and even the
cosmetic giant, Mary Kay, were initially started as home based business

Business Plan-Example Essay
RUSH BAKERS& RESTAURANT (PVT) LTD
No 56 New Bus Stand
Nittambuwa
Telephone –0773892174
Fax–0338937268
Table of Contents
1.Executive Summary2
1.1Objectives
1.2 Mission
2.Company summary3
2.1 Company ownership
3.Start–up summary3
4. Products and Services4
5. Market Analysis Summary4
5.1 Market Segmentation
5.2 Target Market Segment Strategy
6. Strategy and Implementation Summary5
6.1 Competitive Edge
6.2 Marketing Strategy
6.3 Sales Strategy
6.4 Sales Forecast
7. Management Summary6
8. Financial Plan6
8.1 Important Assumptions
8.2 Break–even Analysis
8.3 Projected Profit & Loss
9. Summary7
1. Executive Summary
Rush Bakers & Restaurant (RBR) is a start–up bakery...show more content...
–People or family members who come to Nittambuwa for shopping and who will be looking for
walk–in food convenience feeling tired.
–Local travelers and tourists who are active restaurant seekers.
5.1 Market Segmentation
Rush Bakers intends to serve a wide range of customer base. Our market segment includes:
Young adults and business people
Families with children
Travelers and tourists
High–end singles or bachelors

5.2 Target Market Segment Strategy
The dominant target market for Rush Bakers & Restaurant is a regular stream of local residents.
.We can specifically divide the market into two segments, ordinary people with families and business
people.
6. Strategy and Implementation Summary
This business hopes to succeed by offering high quality foods and bakery products at a competitive
price and superior customer service at a friendly neighborhood–feel atmosphere.
6.1 Competitive Edge
The competitive edge of Rush Bakers & Restaurant is relatively low level of competition in the local
areas in this particular niche. Rush Bakers & Restaurant rely on two competitive advantages:
The importance of experience–The customer experience is extremely important as an effective way
of distinguishing offerings. When a customer has a good experience at a restaurant, the probability
of the customer repeating to the hotel is more and there is chance of sharing his

Essay about A Good Business
A Good Business What the characteristics of a good business looks like?
The basic element of a good business is derived from good management. It is true since business is
run by individuals known as managers that perform specific business functions, such as
manufacturing and production, finance and accounting, sales and marketing, and human resource
departments. Identifying a good business is not an easy job; an understanding of Managerial
Economics is needed because it provides some tools, techniques of analysis and Economic concepts
to make good managerial decisions. The purpose of this paper is to identify some characteristics of a
good business and list names of the companies having these certain characteristics.
Most of...show more content...
When a firm's sales reach its peak, it works as a signal that new firms start to enter the markets and
the firm's sales and profit will start to decline. In this case, the role of management is very essential.
The firm has to manage its expansion plan, such as launch new products and entrance a new market
in order to compete with its competitors.
The most common and useful measurement of a good business is by calculating its profit through
return on stockholder's equity (ROE). ROE shows how much return that stockholders have earned
on the capital that have been invested by stockholders into a business. Net Income ROE =
________________ Stockholder's Equity
High rates of return on stockholder's equity indicate a good business performance and also high
growth rate of sales.
Besides steady growth of sales and high rates of return on equity, a good business must also have
strong brand equity. It is important for a firm to create an image of its products on buyer's mind so
that buyers become loyal to the firm's brand. Strong brand equity also generates higher profit since
consumers want to pay more because of the reputation that the product have; moreover, it works as a
powerful defense against new

How To Start A Business Essay
In this report, I will discuss what it takes to own your own business and what factors go into it.
My overall dream some day is to own my own business and with this comes a great deal of
responsibility. I will help you understand what you can to do to become a successful business owner.
Finding a consistent well paying job has been getting harder and harder in recent years. A number of
new and great business opportunities are available to the public. These opportunities only cash in if
you run a well rounded business plan. Anything from wholesaling vehicles to owning your own
pizza parlor are great starts in business. Although, owning and operating a business is a great burden
on a person, it can turn out to be very profitable.
While...show more content...
With all of these challenges their come failure at the job as well, which can lead to disciplinary
action, arguments, transfers, dismissals, or legal actions. So are you ready to own your own
business yet? Not quite! Some things you really need to remember.
Say goodbye to a reliable and predictable income. No job is 100% secure and there is a good
argument that being in control of your income via your own small business is more secure than a job
however it doesn't feel like that, especially when you start out. You can have great months and bad
months and the only constant is unpredictability. Many business owners don't know that they will
never make real money until they sell their business.
Unfortunately many business owners often don't make much more than an average salary, even
sometimes less. Many business owners don't make a big windfall until they sell their business and
often by the time they are making the sale they will be using the money for retirement. Although it is
also true that the only way to become really wealthy, besides inheritance and lotto, is by starting your
own business.
The reality is that only a small percentage of businesses make their owner really wealthy, the rest
stumble along earning an average wage. Of course many of those owners earning an average wage
love their lifestyle and only wok as hard as they want to. Running your own business has the greatest
potential to make you rich and my never make you rich,

Essay about Business Memo
Writing Assignment #1: Business Memo with Documented Research Grade: 5 points (5%); Due
November 4, 2012 Format: Use the memo format in Figure A–9 in Appendix A; Figure A.9 is also
located in the Doc Sharing area of the course. Length: 2 pages (not including bibliography)
References: Provide at least 4 footnoted or parenthetically cited references, and a bibliography. One
of these references should come from one of Park's Online Library databases (Lexis–Nexis, Ebsco,
ProQuest, etc.). One reference must come from a government (.gov or .mil) site such as the CIA
World Factbook or the Library of Congress. and one from a .com, .edu, or .org site. Do not use
Wikipedia as a documented reference. Use MLA, APA, or Chicago style for your...show more
content...
NOTE: You may pick any country you like, and the hypothetical company may be involved in
any type of business you like. In addition to Park's Online Library resources, use search engines,
libraries and other means to look for information on the Internet and elsewhere. I encourage you
to work together on the research, and will be pleased to help. Two additional sites you'll find
useful are: The CIA World Factbook. This is an important site for information on countries. This
site is especially good for support of research for doing business internationally. The World
Newspaper List. This site contains links to English versions of all of the major newspapers in most
of the countries of the world. Be sure to check it out! Reminder: Be sure to document all sources
you use – always – with both footnotes or parenthetical citations and a bibliography. The course
"Webliography" area has some guides on annotation (footnote/endnote) and bibliography formats.
________________________________________ How will this assignment be graded? The criteria
for excellence in this assignment are in four categories: Substance Organization Style Correctness
See the Writing Assessment Checklist for Writing Assignment #1 in the Document Sharing area of
the course for a detailed rubric for this assignment, which can also be a very useful checklist to
make sure you've covered all of the bases for your memo! NOTE: 1.Complete your assignment and
submit it

Business Essay Topic: Forms of Business Organizations
It is important that the business owner seriously considers the different forms of business
organization – types such as sole proprietorship, partnership, and corporation. Which organizational
form is most appropriate can be influenced by tax issues, legal issues, financial concerns, and
personal concerns. This essay explains the general impression of business organizations. A Sole
Proprietorship, also known as the sole trader or simply proprietorship, is a type of business entity
that is owned and run by one individual and in which there is no legal distinction between the owner
and the business. The owner receives all profits (subject to taxation specific to the business) and
These articles include the name and address of corporation, objectives of the corporation, classes of
stock, and financial capital required at time of incorporation. There are many types of corporations
such as domestic corporation, foreign corporation, alien corporation, private corporation, public
corporation, initial public offering, quasi–public corporation, and non–profit corporation. The
elements of corporation include: a board of directors, preferred stock, and common stock.
There are many advantages and disadvantages of corporations. The advantages are: limited liability,
transfer of ownership, perpetual life, external sources or funds, and expansion potential. The
disadvantages are: double taxation, forming a corporation, disclosure of information, and
employee–owner separation.
Other types of business ownership include; a joint venture which is a partnership established for a
specific project for a limited time. S– Corporation which is a corporation taxed as though it were a
partnership (no double taxation) with restriction on shareholders. LLC which is a flexible form of
enterprise that blends elements of partnership and corporate structures. Co–op which is an
organization of individuals or small businesses that have banded together to reap the benefits of
belonging to a larger organization. Mergers which is the combination of two companies

Essay about Business Challenges
1. The most significant challenge to business success you see in this rapidly changing global
economy;
One significant challenge to business success in this rapidly changing global economy is that
many business are focused on efficiency and economic of scales. Just like the example provided by
Michael H. Hugo on Chapter 1, many companies are focused on lowering operating cost as much as
possible. This is causing for executives not leave any room for unpredicted changes limiting the
company's ability to respond to customer's changing needs.
2. An organization that has been successful in the global marketplace using virtual teams and the
best practices it used (as discussed in Chapter 7 of Business Agility: A Sustainable...show more
content...
While this is a practice enforced throughout the company, it was necessary to make sure that this
communications were clear to the virtual team in order to maintain morale and the team's trust in the
company.
3. How the Marketplace simulation incorporates these challenges into simulation game play;
The Marketplace simulation incorporates these challenges by providing student with real–world
business problems and roles. Team members are challenged to make decisions and used critical
thinking in order to solve this problems virtually. While The Marketplace gives the team the tolls
necessary to have effective communication, ultimately each team members contributes to the overall
success of the team, just like in a real business situation.
4. How your readings and individual self–assessment work provide potential solutions to these
challenges.
The unit's readings have provided many solutions to the challenges businesses encounter nowadays.
To this day, there are many companies that have business plans that concentrate strictly in lowering
operating cost, cut budgets as much as possible and overwork workers that already are overworked.
Some of this solutions include: * Thinking of the costumer's needs and being able to respond to their
ever changing needs * Management needs to be transparent and make sure to communicate with
employees, especially when the organizations is making

The Importance of a Business Plan Essay
When it comes to starting a business it is important to have Business Plan. The value of a business
plan is important in the startup of an organization. The value of proper business plan in an
organization can determine if the organization will withstand over of time or for years to come for
that matter. In implementing a proper business plan, proper planning in it self is important and
valuable to the process.
Planning helps in ensuring that the organization can withstand and remain as an essential asset to
the needs of the community and helps in providing an impact on the city tax base. A valuable
business plan can also allow the company to look at ahead at its projected profits and loss to be
able to give their shareholders the return...show more content...
Short–range planning is for the company to have goals that will be rewarding and easy to obtain.
Long–range planning for the most part seems to be more difficult to adjust and is often times less
rewarding. When external environments are frequently changing management with staff need to ask
how to develop plan of actions that will remain relevant. Planning should be no less important in
such a forever evolving environment it needs to be more important.
Businesses that operate to just make profit normally operate without ethics. When a business is
not held to standards of accountability it would be as to have another Enron or a Bernie Maddoff
situation. Sociologist Raymond Baumhart wanted to know from business people what ethics
meant to them and some of the replies were "Ethics has to do with what my feelings tell me is
right or wrong." "Ethics has to do with my religious beliefs." "Being ethical is doing what the law
requires." "Ethics consists of the standards of behavior our society accepts."
Lack of proper marketing in a business is one of the main reasons a lot of businesses have not
succeeded. Strategy planning determines whether one will live or die or whether they fail or
succeed. Marketing strategy is a process that should allow any organization or business to focus its
limited funds or resources on

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