• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Chester zoo. A charity is an organisation that uses the profit for the public good and not for individual people

Extracts from this document...

Introduction

Task 3 Chester zoo Chester zoo was opened in 1931 and the owner was George Mottershead he opened it as a sole trader. But then in 1934 George Mottershead became a registered charity with the royal zoological society of Scotland. Liability A Liability is a debt that has to be paid that has been funded through borrowing. Sole trader A sole trader is someone who is the only owner of a business of a business. The advantage of the sole trader is: * You are your own boss and you can't be fired. * The business is small so it is easy to set up. * The wages for the employees will be low because there are few employees. * You can make your own decisions without consulting someone else. The disadvantages of a sole trader are: * The sole trader does not have anyone to share responsibilities such as you might be good at the actual job but you are not very good at handling the finances. * You will have to work long hours and you won't be able to take any holiday or days off because you run the business. * It is hard to expand the business because of the amount of capital available to you. ...read more.

Middle

motorway and the train station were the zoo is only 2 miles away so you can walk there, take a bus or take a taxi. * The cost of the site and other things as labour because it is important to have cheap land so that you can build a expensive zoo also you will need money to pay for the labour of the employees. McDonalds In 1940 McDonalds opened as a new business the company was run as a partnership between the McDonalds brothers. In 1953 the first McDonalds franchise opened. Partnership A partnership is when two or more people open up a business. The advantages of a partnership: * there is a shared responsibility which will lessen the workload of the business * Easier to raise capital because of more people. * Less pressure of time to complete work because of the workload being split. * There is someone that you can consult with in the business on decisions. The disadvantages of a partnership: * The shared responsibility because of the less time to worry about the work may not be done. * Disputes can arise on how much a partner contributes to the business. * The distribution of money can arise even though there is a deed of partnership that tells how much someone gets but if someone does not do enough work you will feel dissatisfied. ...read more.

Conclusion

sold on the stock market * No benefits from economy A private limited company has limited that the share holder only have to pay the amount that they invested in the business this means that there personal assets are protected but the money invested is gone. Location McDonalds are in the tertiary sectors this is because McDonalds distribute food the costs around McDonalds in their market as fast foods are: Fixed costs The cost of site Does the area have an availability of grants The cost of loans that they have taken out The cost of utilities such as gas, water and electricity The cost of staff with a fixed wage Start up The cost of petrol that deliver the raw material The cost of raw materials McDonalds have to choose a place with lots of people because they sell food the places that are very good for McDonalds are in shopping centers because lots of people go there to shop or somewhere near transport links such as a motorway. McDonalds needs to think about the impact of the area will there be enough customers such as people who are in cars or people not in cars. Is there easy access for the customers? Will there be opportunities for expansion and is there any competition in the area. ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our GCSE Business, Companies and Organisation, Activity section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related GCSE Business, Companies and Organisation, Activity essays

  1. English for business

    Indicating follow up tasks. � Do you think you could...? � How about preparing some figures for the next meetings? Closing � I'd like to thank Mr. X & Y for coming over from Paris Participating in a Meeting 1.Getting the chair's attention. � I'd like to comment on that.

  2. Recruitment. In this task I am going to look at recruitment and training. I ...

    In this case the applicants are "pruned" to select the most suitable candidates, this must be done systematically and according to specific procedures and agreed criteria. McDonalds consider * Any candidates without the essential requirements are rejected * Those with the essential requirements and all or most are put in

  1. What would be the most effective way to market a new healthy eating option ...

    process of planning for achievement of the selected objective are to be derived from the SWOT's. The directors of ScreenScene have seen the objective as attainable and hence have approved it. The following is a SWOT I have constructed for ScreenScene plc to assess its current position in terms of

  2. Ownership, Location and Aims and Objectives of Lex Transfleet and Express Diner

    A1 - Location of Lex Transfleet Through out the country Lex has 20 branches and the country Stanstead was the head office of Lex but it had moved to Coventry. The head office of Lex must have changed location from Stanstead to Coventry because Coventry may have better access from

  1. Is it a sound business decision to locate a Coffee Republic franchise in Finchley ...

    income, population. This data can be used to find out about the market that Coffee Republic may want to tap into. This can also be put forward as a factor of location as they would want to locate near an area where there are a lot of offices or shops,

  2. The Effects of Non-monetary Incentives on Employees

    ?rr?ng?m?nt, thi? ?w?rd might b? ?v?il?bl? t? th? firm f?r $3,000. Thi? w?uld m?k? th? t?ngibl? n?n-m?n?t?ry inc?ntiv? m?r? ?ffici?nt ?t m?tiv?ting thi? ?mpl?y?? th?n it? c??t t? th? firm in c??h ?inc? th? firm w?uld r?c?iv? th? m?tiv?ti?n?l p?w?r ?f ??m?thing w?rth $3,500 but ?nly n??d t? p?y $3,000. ?n? m??n? by which ? firm c?uld pr?vid?

  1. External influences related to Jaguar Cars and Marriot Hotels

    the drains to ensure that no hazardous liquids can go into the water supplies, it also helps Jaguar as it means that they can do their work freely without having to worry about any problems. Jaguar has also started to recycle; they make sure that they recycle 99% of the unused delivery and packaging materials.

  2. Case Study of the "Life is Good" clothing company.

    A manager must seek out these improvement through research or periodical overviews of workplace and respond correctly. 2. Importance of innovation.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work