Mktg8175.019 Explain business as it relates to SER industriesMktg8175.020 Compare types of business ownership and their ro...
   An organization operated with the objective    of making a profit from the sale of goods or    services
 Sees opportunities to create new  products/services or improve existing ones  while taking the risk of starting and oper...
   Sole proprietorship   Partnership   Corporation
****MOST COMMON Advantages     All profit     Make all decisions   Disadvantages     All risk     Expensive   Examp...
   Advantages     Share risk   Disadvantages     Share profit   Example     H& M lawncare
   Advantages:     Less tax     Less risk     Perpetual existence   Disadvantages:     Profit to investors   Exampl...
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Business ownership

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Business ownership

  1. 1. Mktg8175.019 Explain business as it relates to SER industriesMktg8175.020 Compare types of business ownership and their roles to theSER industries
  2. 2.  An organization operated with the objective of making a profit from the sale of goods or services
  3. 3.  Sees opportunities to create new products/services or improve existing ones while taking the risk of starting and operating a businessExamples: Bill Gates, Donald TrumpBenefits of entrepreneurship:  Generate new products and new jobs
  4. 4.  Sole proprietorship Partnership Corporation
  5. 5. ****MOST COMMON Advantages  All profit  Make all decisions Disadvantages  All risk  Expensive Examples  Start your own business  Purchase an existing business  Purchase a franchise business  Take over a family business
  6. 6.  Advantages  Share risk Disadvantages  Share profit Example  H& M lawncare
  7. 7.  Advantages:  Less tax  Less risk  Perpetual existence Disadvantages:  Profit to investors Example:  Dick’s Sporting Goods

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