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Business ownership and objectives - Apple and McDonalds

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´╗┐Unit 1 business environment Sole traider; is a single owner of a business or self-employed person such as a plumber, grocer or taxi driver. He or she directs the affairs of the enterprise and has to bare its risks, responsabilities and losses and takes the profits and benefits. Partnership; is a type of business organisation which two or more people share their money, skills, ideas and other resources to put to plan.They share profit and loss in accordance with terms of the partnership agreement signed between them agreeing to work together. Private limited; is a type of company that offers limited liability to its shareholders but that places certain restrictions on its ownership. ...read more.


I will explain the purposes,objectives and I will explain how they work and their industrial sector. Apple?s ownership; Apple is a multinational corporation that creates consumer electronics, computer software, and commercial servers. Founders Steve Jobs and Steve Wozniak effectively created Apple Computer on April 1st 1976, with the release of the Apple I, and incorporated the company on January 3rd 1977 in Cupertino, California. Apple has over 20000 employees and is a plc (public limited company). On April Fool's Day, 1976, Steve Wozniak and Steve Jobs released the Apple I computer and started Apple Computers. The Apple I was the first with a single circuit board used in a computer. Steve Wozniak is the co-founder of Apple Computers. ...read more.


The 5,000th restaurant was opened on 1978 at kanagawa, Japan.by 1983 Mcdonald?s is in 32 countries and has 7,778 restaurants. Today McDonald's is the leading global foodservice retailer with more than 33,000 local restaurants serving more than 64 million people in 118 countries each day. More than 80% of McDonald's restaurants worldwide are owned and operated by independent local people. McDonalds is a franchise. Which means that any individual can own one as long as him/her keeps up with the general rules of the enterprise. McDonald's is run neither by one man nor by executive committee. It is not a single company and It is a federation of hundreds of independent entrepreneurs - franchisees, suppliers and managers. The main purposes of mcdonalds is to create franchise oppurtunuties to the public,to make money and to satisfy customers by serving them with delicious fast food for low prices. ...read more.

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