Introduction to Business
Concept
Loading….
slides download: unnay.wordpress.com
THE COMPANIES
TUTORIAL FOCUS
COMPREHENSIVE QUESTIONS
CHAPTER’S OVERVIEW
KEY TERMS DICUSSION
DISCUSSING ACTIVITIES
OUTLINE
HOME
DISCUSSINGQUESTION
QUESTION1
QUESTION2
QUESTION3
QUESTION4
SUMMARYCASE STUDY
QUESTION5
3
Intranets, Extranets,and Private Exchanges
What is Company?
KEY TERMS DISCUSSING
OUTLINE
HOME
DISCUSSINGQUESTION
QUESTION1
QUESTION2
QUESTION3
QUESTION4
SUMMARYCASE STUDY
QUESTION5
• Company: an organization which goods or services are sold in order to make money.
4
Intranets, Extranets,and Private Exchanges
A SOLE PROPRIETORSHIP?
KEY TERMS DISCUSSING
OUTLINE
HOME
DISCUSSINGQUESTION
QUESTION1
QUESTION2
QUESTION3
QUESTION4
SUMMARYCASE STUDY
QUESTION5
5
Intranets, Extranets,and Private Exchanges
PARTNERSHIP?
KEY TERMS DISCUSSING
OUTLINE
HOME
DISCUSSINGQUESTION
QUESTION1
QUESTION2
QUESTION3
QUESTION4
SUMMARYCASE STUDY
QUESTION5
6
Intranets, Extranets,and Private Exchanges
CORPORATION?
KEY TERMS DISCUSSING
OUTLINE
HOME
DISCUSSINGQUESTION
QUESTION1
QUESTION2
QUESTION3
QUESTION4
SUMMARYCASE STUDY
QUESTION5
7
Intranets, Extranets,and Private Exchanges
CORPORATION?
KEY TERMS DISCUSSING
OUTLINE
HOME
DISCUSSINGQUESTION
QUESTION1
QUESTION2
QUESTION3
QUESTION4
SUMMARYCASE STUDY
QUESTION5
Owners of a corporation are called shareholders (or stockholders).
When a corporation issues only one class of stock, we call it common
stock (or capital stock).
8
Intranets, Extranets,and Private Exchanges
JOINT VENTURE?
KEY TERMS DISCUSSING
OUTLINE
HOME
DISCUSSINGQUESTION
QUESTION1
QUESTION2
QUESTION3
QUESTION4
SUMMARYCASE STUDY
QUESTION5
9
Intranets, Extranets,and Private Exchanges
FRANCHISING?
KEY TERMS DISCUSSING
OUTLINE
HOME
DISCUSSINGQUESTION
QUESTION1
QUESTION2
QUESTION3
QUESTION4
SUMMARYCASE STUDY
QUESTION5
10
Intranets, Extranets,and Private Exchanges
REPRESENTATIVE OFFICE?
KEY TERMS DISCUSSING
OUTLINE
HOME
DISCUSSINGQUESTION
QUESTION1
QUESTION2
QUESTION3
QUESTION4
SUMMARYCASE STUDY
QUESTION5
11
Intranets, Extranets,and Private Exchanges
REPRESENTATIVE OFFICE?
KEY TERMS DISCUSSING
OUTLINE
HOME
DISCUSSINGQUESTION
QUESTION1
QUESTION2
QUESTION3
QUESTION4
SUMMARYCASE STUDY
QUESTION5
12
Intranets, Extranets,and Private Exchanges
BRANCH OFFICE?
KEY TERMS DISCUSSING
OUTLINE
HOME
DISCUSSINGQUESTION
QUESTION1
QUESTION2
QUESTION3
QUESTION4
SUMMARYCASE STUDY
QUESTION5
13
Intranets, Extranets,and Private Exchanges
A SUBSIDIARY?
KEY TERMS DISCUSSING
OUTLINE
HOME
DISCUSSINGQUESTION
QUESTION1
QUESTION2
QUESTION3
QUESTION4
SUMMARYCASE STUDY
QUESTION5
14
Intranets, Extranets,and Private ExchangesCHAPTER SUMMARY
OUTLINE
HOME
DISCUSSINGQUESTION
QUESTION1
QUESTION2
QUESTION3
QUESTION4
SUMMARYCASE STUDY
QUESTION5
FACTORS FOR CONSIDERING BEFORE CHOOSING BUSINESS FORM
® Tax considerations® Liability exposure® Start-up capital requirements® Control® Managerial ability® Business goals® Management succession plans® Cost of formation
15
Intranets, Extranets,and Private ExchangesCHAPTER SUMMARY
OUTLINE
HOME
DISCUSSINGQUESTION
QUESTION1
QUESTION2
QUESTION3
QUESTION4
SUMMARYCASE STUDY
QUESTION5
A Sole Proprietorship: is a form of business ownership which has only one shareholder and is an enterprise which is established and operated by a single natural person who is the owner of all its capital. ADVANTAGES:® Ease of starting and
ending the business® Being your own boss® Pride of ownership® Leaving a Legacy® Retention of company
profit® No special taxes
DISADVANTAGES:® Unlimited Liability® Limited financial
resources® Management difficulties® Overwhelming time
commitment® Few fringe benefits® Limited growth® Limited life span
16
Intranets, Extranets,and Private ExchangesCHAPTER SUMMARY
OUTLINE
HOME
DISCUSSINGQUESTION
QUESTION1
QUESTION2
QUESTION3
QUESTION4
SUMMARYCASE STUDY
QUESTION5
A PARTNERSHIP: associate with one or more people who co-own a business for the purpose of making profit.
ADVANTAGES:® Easy to establish® Ability to attract limited
partner® Tax advantages® Flexibility ® More financial
resources® Shared management
and pooled knowledge® Longer survival
DISADVANTAGES:
® Unlimited Liability
® Division of profit
® Disagreements among partners
® Difficult to terminate
® Lack of continuity
17
Intranets, Extranets,and Private ExchangesCHAPTER SUMMARY
OUTLINE
HOME
DISCUSSINGQUESTION
QUESTION1
QUESTION2
QUESTION3
QUESTION4
SUMMARYCASE STUDY
QUESTION5
CORPORATION: is a separate legal entity and the most complex of the three basic forms of ownership.
ADVANTAGES:® More money for
investment® Limited Liability® Ability to continue
indefinitely® Ability to attract capital® Ease of ownership
change® Ease of drawing
talented employees
DISADVANTAGES:
® Initial cost® Extensive paperwork® Size® Difficulty of termination® Double taxation® Possible conflict
18
Intranets, Extranets,and Private ExchangesCHAPTER SUMMARY
OUTLINE
HOME
DISCUSSINGQUESTION
QUESTION1
QUESTION2
QUESTION3
QUESTION4
SUMMARYCASE STUDY
QUESTION5
Form of Business74% 7% 19%
Sole Proprietorship Partnership Corporations
Sales Revenue
5%
6%
89%
19
Intranets, Extranets,and Private ExchangesREVISION’S QUIZ
OUTLINE
HOME
DISCUSSINGQUESTION
QUESTION1
QUESTION2
QUESTION3
QUESTION4
SUMMARYCASE STUDY
QUESTION5
Q1: An association of two or more people who co-own a business for the purpose of making a profit.A. Sole proprietorshipB. PartnershipC. Corporation
20
Intranets, Extranets,and Private ExchangesREVISION’S QUIZ
OUTLINE
HOME
DISCUSSINGQUESTION
QUESTION1
QUESTION2
QUESTION3
QUESTION4
SUMMARYCASE STUDY
QUESTION5
Q2: is a business owned and managed by one individual and is the most popular form of ownership. A. Sole proprietorshipB. PartnershipC. Corporation
21
Intranets, Extranets,and Private ExchangesREVISION’S QUIZ
OUTLINE
HOME
DISCUSSINGQUESTION
QUESTION1
QUESTION2
QUESTION3
QUESTION4
SUMMARYCASE STUDY
QUESTION5
Q3: is a separate legal entity and the most complex of the three basic forms of ownership.A. Sole proprietorshipB. PartnershipC. Corporation
22
Intranets, Extranets,and Private ExchangesREVISION’S QUIZ
OUTLINE
HOME
DISCUSSINGQUESTION
QUESTION1
QUESTION2
QUESTION3
QUESTION4
SUMMARYCASE STUDY
QUESTION5
COMPREHENSIVE QUESTIONS
Q1: What factors should you consider before choosing a form of ownership? Please list down several and briefly explain.
23
Intranets, Extranets,and Private ExchangesREVISION’S QUIZ
OUTLINE
HOME
DISCUSSINGQUESTION
QUESTION1
QUESTION2
QUESTION3
QUESTION4
SUMMARYCASE STUDY
QUESTION5
COMPREHENSIVE QUESTIONS
Q2: What does unlimited liability mean?
24
Intranets, Extranets,and Private ExchangesREVISION’S QUIZ
OUTLINE
HOME
DISCUSSINGQUESTION
QUESTION1
QUESTION2
QUESTION3
QUESTION4
SUMMARYCASE STUDY
QUESTION5
COMPREHENSIVE QUESTIONS
Q3. What are the main differences between general and limited partners?
25
Intranets, Extranets,and Private ExchangesREVISION’S QUIZ
OUTLINE
HOME
DISCUSSINGQUESTION
QUESTION1
QUESTION2
QUESTION3
QUESTION4
SUMMARYCASE STUDY
QUESTION5
COMPREHENSIVE QUESTIONS
Q4. What are the advantages and disadvantages of corporations?
26
Intranets, Extranets,and Private ExchangesREVISION’S QUIZ
OUTLINE
HOME
DISCUSSINGQUESTION
QUESTION1
QUESTION2
QUESTION3
QUESTION4
SUMMARYCASE STUDY
QUESTION5
THE TIME IS OVER
Submit your work!!!
KNOWLEDGE SHARING ACTIVITIES
OUTLINE
HOME
DISCUSSINGQUESTION
QUESTION1
QUESTION2
QUESTION3
QUESTION4
SUMMARYCASE STUDY
QUESTION5
Questions & Comments???
THANKS FOR YOUR GOOD
PARITICIPATION!!!