When beginning a business‚ it is extremely important that the owners of the business decide the organizational form that will be beneficial to maximize the value of the firm. The owners must consider the size of the business‚ the taxation of the business‚ the liability of the owners and the ability to raise capital to finance the business (Parrino‚ Kidwell & Bates‚ 2012). The owners will then choose one of the 3 different forms: sole proprietorship‚ partnership or corporation. Sole Proprietorship
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Background Sunflower Nutraceuticals (SNC) “started as an internet-based‚ direct-to-consumer distributor and retailer of dietary supplements‚ including vitamins‚ minerals‚ and herbs for women‚ with product offerings for all age groups”. (Harvard Business School Publishing‚ 2012). The company was founded in 2006‚ and SNC has expanded their operation into several new retail outlets. They found success when they introduced their own brand of sports drinks‚ metabolism-booster posers and vitamins for
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according to the All-China Federation of Industry and Commerce‚ which oversees this sector. Private businesses are now considered an important component of the socialist market economy of China. When their employees are combined with those working in the tiny family-owned businesses‚ called geti (individual businesses)‚ the total number of workers they employed in 1998 was close to 15 million‚ according to the State Statistical Bureau. At its 50th anniversary the People’s Republic of China faced several
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China and Japan are two unique civilizations that went through similar‚ yet vastly different changes throughout their histories. Their growth and response to other nations differed in many ways in government‚ lifestyle‚ and general well-being. One of the main causes for such difference between the countries is the way the West influenced each region‚ and the way China and Japan responded to this influence. China focused more on the idea of being a "status oriented" society‚ while Japan was more
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China and western religious beliefs Thesis statement：Culture is the soul of the country‚ and religious culture is an important part of the nation culture. This paper compares the differences between Chinese and western religious culture. to see their differences and similarities‚ and a tentative explanation is given to the differences of these two systems from the aspect of culture as to illustrate the role they play in their own society． Outline： 1. Introduction 2.1 The history of
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in China Prepared By: Muhammad Asyraf Bin Zabani 2011743015 Sapizi Bin Salleh 2011187853 Nasnoor Zulfadli Bin Mohd Nasiruddin 2011949597 Jonathan Anak Joji 2011305087 Azfar Zulhakim Azland 2011795695 Prepared For: Shamsul Baharin Saihani‚ Lecturer of International Management. Table of Contents Title | Page Number | Introduction | 3 – 4 | Economic Issues | 5 – 6 | Political Issues | 7 | Cultural Issues | 8 – 9 | Negotiation Process | 10 | Business Ethics
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dealing business in China? The most populous country in the world‚ The People’s Republic of China is today emerging as one of the major global economies. China is infamously known as a country of etiquette and ceremonies. The unique character of the Chinese is built on a strong sense of pride in their ancient history and culture. Understanding the basic Chinese cultural‚ ethical and business values is paramount to any organisation wanting to conduct business in today’s rapidly progressing China.
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claims that everyone is equally entitled to human rights without discrimination. In the western society‚ the principles of freedom‚ democracy and human rights are fundamental rights. However‚ the People’s Republic of China‚ commonly known as China‚ is still known as the largest human rights violator in the world. This raises the question whether or not western companies should continue doing business in China despite of the human rights violations. To find an answer to this question‚ the human rights
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Doing Business in China- A Legal Perspective [pic] [pic][pic] Introduction One of the oldest legal systems in the world is Chinese law. The Chinese Legal system is made up of Confucianism and Legalism. Confucianism is based on the Confucian philosophy of social control and moral education‚ and legalism based on codified law and criminal sanction. Since the 20th-21st century Chinese law became a mix of both traditional Chinese and western approaches. Even till this day
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SEMINAR IN INTERNATIONAL BUSINESS ASSIGNMENT (2) DOING BUSINESS IN CHINA DOING BUSINESS IN CHINA Despite the economic developments in major parts of the country‚ and modern Chinese people’s increasing appetite on adopting western styles of living‚ China is still a country with a very special character of its own. Most first time visitors to the grand old empire will without doubt find the Chinese mentality‚ culture‚ and not forgetting the food‚ exciting but also challenging and sometimes
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