Professional Documents
Culture Documents
Sole Proprietorship
It is one in which the owner is a single individual, who has no partners, and who
benefits from the profits from the productive activity of his company
Easy and inexpensive to set up, complete control over decision-making, and all
profits belong to the owner.
Unlimited liability for the owner's debts, limited access to capital, and the
business relies heavily on the owner's skills and abilities.
Partnership
It is a business structure in which two or more people share the business, as well
as the responsibility for running the business and any income or loss generated
by the business.
Shared financial burden and expertise, access to a broader range of skills and
resources, and flexible management structure.
Each partner has unlimited liability for the partnership's debts, potential conflicts
among partners, and the partnership dissolves if one partner leaves or dies.
Corporation:
A corporation is a legal entity separate from its owners (shareholders). It is formed
by filing the necessary documents with the government and operates
independently of its shareholders.
Limited liability for shareholders, ability to raise capital by issuing stocks or
bonds, perpetual existence, and professional management structure.
Complex and costly to set up and maintain, extensive legal requirements and
regulations, double taxation (profits taxed at both corporate and individual
levels), and potential conflicts between shareholders and management.
Franchise
A franchise organization refers to a business structure where an individual or
company, known as the franchisor, grants the rights to operate a business under
its established brand, systems, and processes to another individual or entity,
known as the franchisee. The franchisee pays fees or royalties to the franchisor in
exchange for the right to use the franchisor's brand, trademarks, and business
model.
Franchising is a popular method of business expansion, allowing the franchisor
to grow its brand and reach without directly managing and operating all
locations. The franchisee benefits from operating a business with an established
brand, proven systems, and ongoing support from the franchisor.
2.Write comparative and superlative sentences (10) about places like small
business,enterprises, transnational,multinational.
Small businesses tend to have fewer resources than enterprises.
Enterprises have the most extensive resources among these business categories.
Transnational companies face more complex legal and regulatory challenges than
multinational corporations.
Transnational companies deal with the most intricate legal and regulatory
requirements.
Multinational corporations generally have a larger customer base than small
businesses.
Multinational corporations have the widest customer reach of all business types.
Small businesses often have a more personal touch than transnational
companies.
Small businesses offer the most personalized experiences for customers.
Enterprises typically have a more structured hierarchy than multinational
corporations.
Enterprises have the most formal organizational structure among these business
types.
3-Explain characteristics of a job position add like benefits and others give
an example (5 different ones)
Competitive Salary: Highlighting a competitive salary in the job ad can attract
candidates who are motivated by financial rewards. For example: "We offer a
highly competitive salary package with opportunities for annual performance-
based bonuses."
Chatbots: I would design chatbots to assist users with their inquiries and provide
personalized recommendations.
Cluster: I would use clustering techniques to group similar data points together
and extract meaningful patterns.