GROUP 4

Creditors
and
Owners
WHAT IS
OWNERS AND
CREDITORS?
Owners - A business owner
is the legal proprietor of a
business. An individual or
group that owns the assets of
a firm and profits from them.
A creditor is an individual or
institution that extends
credit to another party to
borrow money usually by a
loan agreement or contract.
IMPORTANCE
OF
CREDITORS
AND
OWNERS?
1. They provide the money that
businesses need to operate and
grow. 
2. They play an important role in
international trade through the
supply of goods and services to
international traders.
3. They lend money to individuals and
businesses.
4. Gives businesses the ability to borrow
money to finance operations, expand
their product lines, or invest in new
technology.

5. They may be suppliers, landlords,

utility companies, or other businesses
that you have purchased goods or
services from on credit
6. They handle the business.
7. They manage the business.
8. They secure their business.
9. Oversee the operating activities.
10. Owner holds the majority of the
stocks, which means she or he has the
ability to overrule minority stockholders.
RESPONSIBILITIES
OF OWNERS
AND
CREDITORS?
1. Provide high-level business requirements
and works closely with the service owner
during the design phase.
2. Ensures the service aligns with the
industry direction, standards, and best
practices.
3. Owns the service roadmap.
4. Reviews and approves (if acceptable)
identified service risks and mitigations.
5. Controls and prioritizes all business requests,
such as those for features enhancements,
ensuring limited resources (both staffs and
dollars) are spent on high values requests.
6. A borrower is expected to pay back the
money they owe, pay interest, and adhere to
payment deadlines.
7. To understand what duties you owe to
those who have borrowed from you.
8. They extends credit, giving another
entity permission to borrow money
to be repaid in the future.
9. Provides supplies or services and
does not demand immediate payment
is also a creditor, as the client owes the
business money for services already
rendered.
10. To ensure safety of credit approved
by them.
THANK
YOU!!!
members:

Villamora barona
Pueblo blando
Ortizo paez
VIÑa illustrisimo
Yap himan