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

Job roles in various functions

Extracts from this document...


Sole Traders This is the simplest way of starting business with very few rules. You will need to inform the Inland Revenue that you are self-employed for tax and national insurance contributions. As a sole trader, you will not need to notify Companies House, nor deal with any administrative or accounting requirements which are required of limited companies. You can quickly adapt to changes in your business with minimal bureaucratic changes required and you have complete control over your business and accounting affairs. However, a sole trader is also ultimately responsible for any liabilities should anything go wrong. Partnership A partnership is a type of business entity in which partners (owners) share with each other the profits or losses of the business. ...read more.


Private Company Limited by shares "Limited by shares" means that the company has shareholders, and that the liability of the shareholders to creditors of the company is limited to the capital originally invested, i.e. the nominal value of the shares and any premium paid in return for the issue of the shares by the company. A shareholder's personal assets are thereby protected in the event of the company's insolvency, but money invested in the company will be lost. Public Limited Company (PLC) A limited company may be "private" or "public". A private limited company's disclosure requirements are lighter, but for this reason its shares may not be offered to the general public (and therefore cannot be traded on a public stock exchange). ...read more.


3. James and John Smith are brothers who have opened up their own dentistry firm by investing equal amounts of money into the business. They have five members of staff working for them. 4. Sarah and Michael Wilburn run a bakery, which is a family business. Other members of the family have also invested money into the business and most of them work in the business. 5. Bella's Chippy is a fish & chip shop, Bella runs the business herself and has two members of staff. 6. Sign Makers make shop sign for businesses; they have over 60 employees working in their factory and office. 7. air and travel is an airline company based in Europe. They have over 1000 staff working for them and are well known all over Europe. 8. ...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

    Stock on hand - stocuri nev�ndute Supply - oferta Terms of supply - conditiile livrarii To dabble in the stocks - a juca la bursa To take stocks - a cumpara actiuni Uncertain market - piata nesigura Underwriter - garant Venture capital - capital de risc Yield - venit al unei investitii Travelling Accommodation - gazduire.

  2. Organisational Structures and Job Roles at Richer Sounds.

    They only assist the company CUSTOMER SERVICES AT RICHER SOUNDS Department at Richer Sounds What service do they offer? Who benefits(which type of customer) The buying groups The consider the type of products, band and models All the customers Stock control section They ensure that that the goods are available

  1. Job roles and contracts at Alton Towers

    They will get paid around �17,500 pound per year. Customer Service - Sales and Information Team Leader: The customer service sales and information team leader has many key responsibilities such as: leading a highly motivated team that is recruited to drive sales, of various ticket upgrades: Fastrack tickets, Towers 2 tickets, Annual Passes, Extraordinary Golf and many more!

  2. business (Functions)

    This department is making sure that all the staff working in Carphone Warehouse is getting paid and all the financial problems are taken care of. Marketing Department Carphone Warehouse relies on this functional area as it has a big affect on the business.

  1. The Effects of Non-monetary Incentives on Employees

    ?t ? l?w?r n?t c??t i? thr?ugh th? u?? ?f c?mp?ny pr?duct? ?r ??rvic?? ?? ?w?rd?. F?r ?x?mpl?, h?t?l ch?in? ?ft?n r?w?rd th?ir ?mpl?y??? with ?t?y? in c?rp?r?t? pr?p?rti??, tr?v?l ?g?nt? might r?w?rd th?ir ?mpl?y??? with di?c?unt?d trip?, ?nd ?ut?m?bil?

  2. Electical Shop

    What is marketing Marketing is not advertising, it is actually finding out who wants to buy your product. Marketing is finding out what a customer wants, and then giving them that. The goal of marketing is to predict what the customer wants in the future, by looking a past trends, and carry out market research.

  1. Job roles in various functions

    * Move to other departments for more experience. * Need to widen experience if want to gain promotion to being a supervisor. Sales Demonstrator * Demonstrate the manufacturer good to the public in variety of retail outlets like supermarkets and department stores.

  2. Analyse the relationship between job roles, functions and an organisations structure, using appropriate illustrative ...

    The reason why Tesco has a tall structure is because it has a lot of functional areas within the company. Tesco has a lot of employees so it has a bigger organisation structure. Tesco is structured according to functional areas for example Human Resources, Sales and Marketing.

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