Partnership agreements define the ways that any profits and losses are shared between partners. Advantages and disadvantages are similar to those of a proprietorship. The major advantage of a partnership is its low cost and ease of formation. With regards to liabilities, partners can potentially lose all their personal assets, including those not invested in the business, because under partnership law, each partner is liable for the business’s debts. Corporations are legal entities created under state law and are separate and
Kraft Foods, Inc. is classified in the Food Manufacturing Industry. This industry can be classified as a defensive industry, or one that has little sensitivity to economic cycles. Examples of defensive industries include food producers and processors, pharmaceutical firms, and public utilities. It can be concluded that most defensive industries do well during economic recession because they are necessary to society and will consistently produce revenue. However, while these industries are usually insensitive, they are not completely immune to business cycle conditions.
To a business entrepreneur, this fundamental attribute of patents of excluding all others from commercial production and selling of patented inventions, is a powerful protection from the proliferation of competitors in a specific business territory. Depending on the market, excluding competitors from direct competition can be extremely valuable (Inventor Basics, 2011). This attribute gives the inventor business monopoly which is likely to lead him to tremendous growth. Patents are also powerful tools to small business entrepreneurs who cannot stand the capacity of some big companies. If it were not for the protection of patents, big companies, with their robust capacity, would surpass the small business entrepreneurs in speed and cost of production and thereafter suppress them completely.
When thinking of prestigious fast food restaurants, two rival restaurants that come to mind are Burger King and McDonalds. Usually if one doesn’t have a preferable restaurant, they may use a deductive reasoning process to decide which restaurant patronize. Considerations such as customer service, menu selection, cleanliness, and healthy choices can help one make a reasonable choice of restaurant to patronize. If the atmosphere of a dining area is interesting, more people will want to eat there. That would be a reason to draw in more customers.
The barriers to entry for this specific market are somewhat low, and it can be difficult for existing companies to keep their market share (see figure 2). Also some additional challenges
Besides having control of the asset, it increased its competitive advantage. On the other hand, Arauco outsourced its trucking system. Obviously this was not a strategic activity for the business and there were several companies that could provide the service. Integrating this activity into its operations, would have probably cost Arauco a lot in terms of time and money, and supposing it did not have any relative competence compared to other suppliers, its competitive advantage could have been deteriorated, but the overall result would not have been worse than not integrating the forest business. It is true that nonstrategic activities performed in-house are dead weight when the organization competes with more focused firms , but for Arauco losing or not having control over its most strategic asset would represent losing part or the whole business due to the long replacing time of the resource under certain
3. Goodner’s Huntington office clearly could have benefited from some simple internal control procedures. These procedures would have been able to stop, or at least make it very difficult for Woody to misappropriate the assets of the company. The most effective controls relate to the deficiencies listed above: A) Allow access to the accounting records only to the bookkeeper. Sales reps can view records but not modify them.
The concurrent protection provided takes the form of the absence of damage inflicted upon the store or its employees by the racket itself. Other types of rackets include bribery and illegal gambling. (www.u-s-history.com 2/22/13) Jobs were very hard to find and people needed to provide for their families, gangsterism was dangerous but provided an easy way to make money. When the American government passed the Eighteenth amendments outlawing
It analyses the entity’s competitive situation by assessing its strengths, weaknesses, environmental opportunities and threats. Strengths HIH had the support of the public and its personnel and this could be an asset to management because they would have space for maximising potential of the company. HIH also creatively use re-insurance to free up funds otherwise stuck prudential margins and allow more funds for expanding investments. Weaknesses HIH’s main weakness is its lack of corporate governance, especially the lack of process and risk management within the company. A lack of process meant that there were no limits to authority and rules were not followed.
The SWOT analysis helps to identify where the company stands today and where it wants to be in the future. Based on the case study the SWOT analysis looks as follows: |STRENGTHS |OPPORTUNITIES | |company offers cheap opportunities for customers to eat out |Internet orders | |opening hours until 3 a.m. |moving into new market segments e.g. healthy food | |WEAKNESSES |THREATS | |General problems in all branches |international fast food brands are coming into the Zinn’s Burgers | | |and Pizza areas | | |all night supermarket will open in the adjacent street | | | | |Décor and