Sonam Yangchen Gurung Business and Management HL Mr. Sanjeev Lama 20.09.12 TYPES OF BUSINESS SECTORS There are three types of business sectors in an economy. Primary‚ secondary and tertiary. Primary sector comprises of agricultural based or small scale industries in which investment is very low. For eg. Farming. It involves production of raw materials. The secondary sector consists of industries which focuses on manufacture of certain products and the
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There are at least six different types of business you could choose to start: 1. Sole trader – the oldest form of trading there is‚ it’s also the simplest and the most common type of business you’ll find. The clue is in the name – meaning that you are solely responsible for everything the business does and you’re often known as the proprietor. This is the usual form for small shops and businesses that provide services such as beauticians‚ hairdressers‚ photographers‚ gardeners and so on. When
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The sole proprietorship is the simplest form of business organization. A sole proprietorship is a business that is owned by an individual who is solely responsible for all aspects of the business. The owner is personally responsible for all debts of the business‚ even in excess of the amount invested. The business and its owner are thus considered the same entity. The advantages of a sole proprietorship include: a. Low start up costs‚ as legal and filing fees are at a minimum. However‚ many
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Business Types of Ownership Before starting any venture it is very important to figure out how the organization is going to build its chain of command. Basically no business is made for short time and for this reason a very careful measurement should be done on ownership. Choosing the appropriate ownership in an organisation depends on nature of business‚ type of authority‚ delegation of work‚ span of organization‚ type of product‚ production and operation‚ legal procedure‚ financial matters and
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services or undertake a new business endeavor. The purpose of a feasibility study is to determine if a business opportunity is possible‚ practical and viable. When faced with a business opportunity‚ many optimistic people tend to focus on just the positive aspects. A feasibility study enables a realistic view at both the positive and negative aspects of the opportunity. A feasibility study is an important tool for making the right decisions. A wrong decision often leads to business failure. For example
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Types of Business Letters: Style Modified Block * Type the first line of each new paragraph flush with the left margin for this style. All lines of the body of the letter are flush with the left margin‚ according to English Plus. When you’re typing a letter in modified block style‚ the date and closing of the letter are both placed in center alignment‚ according to Library Online. Skip one line between paragraphs‚ the greeting ---- "Dear _______:" and the body of the letter. When you’ve finished
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Letter of Inquiry – Training Program July 2‚ 2008 Mr. Rodrigo Rivera Personnel Director Technote Corporation 3152 Bridge Avenue Boston‚ MA 02154 Dear Mr. Rivera: May I ask a favor of you? Randy del Rosario‚ a representative of the Leverage Company‚ recently told me of your success in managing Technote’s training program for the hardcore unemployed. Our firm is presently planning such a program‚ and we would appreciate information about the mind-set section of your program. We expect to
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Types of Writing Textual Analysis Textual analysis includes the identification‚ examination‚ and evaluation of various techniques and tools used by the creator of a text. *NOTE: Requirements for each textual analysis may differ. Always tailor your paper to the specific assignment‚ making sure to meet your instructor’s criteria. G GETTING STARTED FAMILIARIZE YOURSELF WITH THE WORK View‚ listen to‚ or read the work several times. Underline or note the parts of the text that stand out to
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governed by special laws. A proprietorship is a type of business entity which legally has no separate existence from its owner. Hence‚ the limitations of liability enjoyed by a corporation and limited liability partnerships do not apply to sole proprietors. All debts of the business are debts of the owner. The single proprietor has unlimited liability since creditors of his business may proceed not only against the assets and properties of his business but also after his own personal assets and properties
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Oaklyn Public School Content Area: English Language Arts Unit Title: Types of Nonfiction: Essays‚ Articles‚ and Speeches Grade Level: Ninth Grade Unit Summary: This unit will revisit the genre of nonfiction with an emphasis on the reading of essays‚ articles‚ and speeches. The unit will reinforce the premise that the concepts and evidence presented by writers of nonfiction are factual‚ even though the writer may include anecdotes that are fictional‚ ideas that are personal‚ or language
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