total and unlimited liability. Self contractor is one example of a sole proprietorship. The advantage of organizing your business as a sole proprietorship is that the process is simple and inexpensive‚ compared to other organizational structures. A sole proprietorship can only be started by an individual business owner. If a business has employees‚ it cannot structure as a sole proprietorship. Another advantage of sole proprietorship is that tax time is less complicated. The business owner does not
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Advantages and Diadvantages of a duoppolistic Market structure jaiveer Khurana GBBA10028 09/10/2013 Advantages and Disadvantages of a Duopolistic Market structure A duopolistic market structure is a form of oligopoly in which two main companies dominate most of the market share of a particular product or a service. The impact on the market is quite similar to that of a monopoly. In a duopolistic market structure the companies that have a duopoly reap the full benefits of controlling the price
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“Fast Food Industry” There are a few issues in the United States that many of us are talking about daily. One of those main issues that are being talked about is food in our society. But even more specific than that‚ many are talking about how the fast food industry has affected and impacted our society. There is a lot of history of how fast food has started. There were a lot of entrepreneurs many years ago that realized that going into the fast food chain would bring them great profit (Levenstein
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The Fast Food Market In Canada | | 10/13/2010Table of Contents The Market for Fast Food in Canada 3 Is the Demand for Fast Food Elastic or Inelastic? 5 Influences on Price Elasticity of Demand 7 The Relationship between Price Cuts and Total Revenue 9 Understanding Fast Food Price Cuts 12 Works Cited 15 | | The Market for Fast Food in Canada When examining market structure‚ one must look at several factors including the quantity of firms‚ type of products offered‚ barriers to entry
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A fast food restaurant is on every corner‚ but is actually good for you? Fast food became popular in the early 1900’s but it didn’t just take off. Fast food has made quite a journey in its development opening opportunities along the way. It has its advantages and disadvantages but being aware of them is very important. Fast food has made a huge impact on our nation’s health and economy. How was fast food developed? Burgers made at fairs‚ carnivals‚ and events were known as low quality. It
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THE ADVANTAGES OF FREE MARKET ( DISADVANTAGES OF COMMAND ECONOMY ) 1.Efficiency. free market economies are very competitive. Most of their industries are assumed to be perfectly competitive and so allocative and productive efficiency will occur.As their main aim is profit motive so free market economies allocate their resources more efficiently as compared to planned economy. Decisions about what to produce are made by the people who will actually consume the goods. Planners are less likely to
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eat fast food??? Nowdays people’s lives are becoming faster and faster. Because of a tight schedule‚ many people decide to eat fast food. Fast food is a western food. Fast food refers to any poor nutrition food that is easily prepared. Fast food may include chips‚ hot pies‚ sandwiches‚ burgers‚ kebabs‚ pizzas‚ soups‚ and salads. It also includes drinks‚ for instance‚ milkshakes‚ and soft drinks. Fast food has advantages and disadvantages. Some of the advantages of fast food are that fast food is
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Derek Tyler Hannah Fast Food and the Effect it has On Our Health The fast food industry has severely changed over the years‚ how these restaurants started‚ what are the health factors‚ and what has caused them to have such great success I. Fast food is introduced A. What brought about the idea of a fast food restaurant B. How quickly they flourished C. Advertising Methods II. Health factors A. Disadvantages B. Advantages III. Major chains A. How they began B. What makes them so successful
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Fast food restaurantA fast food restaurant‚ also known as a quick service restaurant (QSR) within the industry itself‚ is a specific type of restaurant characterized both by its fast food cuisine and by minimal table service. Food served in fast food restaurants typically caters to a "meat-sweet diet" and is offered from a limited menu; is cooked in bulk in advance and kept hot; is finished and packaged to order; and is usually available ready to take away‚ though seating may be provided. Fast food
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stages of economic growth between the countries of the European Union since 1958‚ when its history began. The pen-ultimate stage of its integration was a common or single market. Within a single market there a no tariffs between member countries and there are common external tariffs against countries outside the agreement. A single market is a strong form of integration involving the establishment of a common system of taxation‚ common laws relating to employment and trade‚ and the free movement of factors
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