Corporations provide two major benefits over a sole-proprietorship.
1. Corporations are taxed at a different rate than individual incomes. Sole-props are taxed altogether, which can create more tax burden for the owner.
2. Corporations assume all the risk and protect its owners' assets from damages. Sole-props assume all responsibility for the business and all their assets are subject to damages.
I guess the correct answer is rivalry among existing firms in an industry
Ted works in his family’s bakery business. They supply bread and rolls to neighboring restaurants, and have their own store-front where they sell breads, rolls, pastries, cookies, and cupcakes. Ted thinks he should put free Wi-Fi in the store front (which seats about 15 people).
The idea that reflects one of Porter’s five competitive forces is the rivalry among existing firms in an industry.
The question requires matching the terms to their definitions.
- <u>Hiring</u> is the process of employing (someone) for wages.
- <u>Recruitment</u> is the process of finding new people to join an organization.
- <u>Job Description</u> informs applicants about the responsibilities and required qualification.
- <u>Recruitment Plan</u> is the process of integrating a new employee into an organization, maps out the strategy for attracting skilled employees and obtaining applications from a diverse workforce.
- <u>Offer</u> is a proposal put forward by an employer to a prospective employee.
- <u>References</u> serve the purpose of gathering information about a prospective employee from previous employers.
- <u>Types of Recruitment</u>: internal (employees within the company) and external (people outside the company).
- <u>Compensation</u> the money the employee will receive as a salary or wages.
- <u>Interview</u> a face to face meeting between an employer and a job applicant.
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Answer: Target Costing
Explanation:
Target Costing is a method of costing on a product done while it's still being produced to determine the best price at which the product can be sold that would be able to compete with price of other similar products in the market and still make profit for the company.
RTP Corp needs to apply target costing for it's new computer processor in order for it to be profitable and beat the price of other processors in the market.
