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

Business Chart

Extracts from this document...


Types of Organization Level of Control of Owner Define Main Features Advantages Disadvantages Sole Trader or Proprietorship � full control � controls everything in the company � make own decision � little capital � unincorporated (owner is legally the same as the business) � easy to operate � faster decision making � avoid double taxation � being your boss � privacy � taking drawings instead of wages � smaller and easy to set up � hands on approach � personalized service � limited financing � unlimited liability � business assets and personal assets are at risks � lack of knowledge in specific area � lack of continuity � high cost of production Partnership � owned by two or more people � deed of partnership � responsibility are shared equally � owned by two ...read more.


of the partners � No continuity and partnership will have to reform in event of death Public Limited Corporation � Someone can just "buy" the company from you. � Offers their shares to the general public. � Multiple owners and ownership may easily change. � Are in a private sector � Shareholders have limited liability � Allowed to sell share � Board of directors can vary from number so that they will allow discussion amongst the board of director on how to run the company � Delusion of control � Decisions take longer. � Profit is shared by a large body of people � Public disclosure of the financial affairs is necessary � must give out financial information to public Private Limited Company � medium � corporation limited by shares (guaranteed by its members who agree to pay) ...read more.


� Protection for company name � New shareholders and investors can be easily introduced � Better pension schemes � limited companies are subjected to corporation tax on their profits � limited company directors have more legal final and administrative responsibilities � information concerning the company is made public � cost lost of money to create � Shareholders in a PLC are not able to sell or transfer their shares to the general public Franchising � N/A � Buy off a company's logo to sell their products for profit � Get permission to sell their brand's product � Don't need to advertise it out � training and advertising are provided by the franchiser � � restriction and less flexibility in the store/ company � not much decision making ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our International Baccalaureate Business Studies 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 International Baccalaureate Business Studies essays

  1. The Main advantages and disadvantages of mixed economy system

    economies in the world with one of the highest GDP per capita. The key to Norway's success is in its rich natural resources and efficient governmental interventions. Norway is often being called by a socialistic country, and there is a reason for that.

  2. This paper will concentrate on Apples Apple TV business, and its complementing iTunes business.

    However, end users also wanted this content to be available in a format that was comparable to HD quality, and wanted to play the content on large screen TV's and multi channel surround sound systems. While a little late in the game, the Apple TV and iTunes combination provided that value to its end users.

  1. starting a small business

    Secondly I could do an online survey. This would be a good method because it would not involve me doing any work physically e.g. approaching people to complete the survey. Although this type of research would be quick, easy and simple to organise it would not be accurate because the people who fill it in may not

  2. Finance and business questions and answers.

    producing 1M country has to forgo 1.4 F, this is nothing but the opportunity cost of producing M, which is also the price of producing M. And when calculated for Food: F= 5000/7000 M F= 0.71 M What is the price of manufactures in terms of food at which A and B would respectively supply manufactures?

  1. BP Financial analysis

    Some projects that were scheduled for start-up between 2010 and 2015 may be sold to pay for the Gulf of Mexico oil spill (see Appendix B in Section 9). Reserve replacement ratio % 4.2 Profitability Revenue Between 2005 and 2008 BP's total revenue increased as the rising cost of oil guaranteed more money per barrel produced.

  2. New business plan

    These carefully chosen raw materials are a pre-requisite for preparing imperial food. All cooks in the imperial kitchen were famous; they cooked their dishes to emphasize taste, colour, and shape. Besides excellent taste, every dish must look as good as a work of art.

  1. Introduction to e-commerce. Benefits, risks and legislation.

    Building customer profiles as well as collecting data on certain groups of customers, can be used as a source of information for improving products or designing new ones. 6. Customization E-commerce provides for customization of products and services, in contrast to buying in a store or ordering from a television, which is usually limited to standard products.

  2. Ford Company Analysis - corporate structure and financial analysis

    98,941,041 2.64 975,558,664 Sep 29, 2012 NORTHERN TRUST CORPORATION 46,710,900 1.25 460,569,474 Sep 29, 2012 Bank of New York Mellon Corporation 40,867,663 1.09 402,955,157 Sep 29, 2012 OPPENHEIMER FUNDS, INC. 37,982,516 1.02 374,507,607 Sep 29, 2012 BlackRock Fund Advisors 27,807,112 0.74 274,178,124 Sep 29, 2012 GEODE CAPITAL MANAGEMENT, LLC 27,427,149

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