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3 years ago

List the four ways to become a business owner

Business

2 answers:

777dan777 [17]3 years ago

8 0

1. Start your own business2. Take over a family-owned business3. Buy a franchise4. Buy an existing operating business.

Serjik [45]3 years ago

5 0

Answer:

In the United States, there are four basic structures: sole proprietorship, partnership, limited liability company and corporation.

Explanation:

Sole proprietorship (Single owner )

The business is owned by its owner. The advantage of this structure is the ease with which income is calculated and taxes are presented. The owner of a sole proprietorship is considered one with his signature. Your earnings are your earnings and are reported on your personal tax return. The disadvantage of the structure is that the owner is considered one with his signature. As such, it is responsible for all financial obligations incurred by the company, such as debts and lawsuits.

Association

An association is made up of more than one individual. Similar to an individual company, a business of this structure is considered one with its owners.

Limited Liability Company 

The latest type of business, limited liability companies (LLCs), has become a very popular structure used in the founding of a company. The ownership of an LLC is not limited to an individual, but is open to corporations, foreign entities and other LLCs. L

Corporation 

The corporation is an entity separate from its owners. This means that it can potentially live forever, regardless of the life of its founders. The property can be easily transferred and the funds can be collected simply by selling shares. A Subchapter S corporation is an alternative form of this business structure used by many smaller companies. The earnings of S corporations can be reported on personal income tax returns on their owners' income. As a standard corporation, however, the S corporation is subject to many government-administered regulations.

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Joy has been saving her earnings to make a down payment on a new car. which loan terms will result in highest total cost for the

wariber [46]

5.5 percent loan for 60 months

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3 years ago

The process that individuals or groups go through to select, purchase, use, and dispose of goods, services, ideas, or experience

Eddi Din [679]

The process that individuals or groups go through to select, purchase, use, and dispose of goods, services, ideas, or experiences to satisfy their needs and desires is known as Consumer Behavior.

<h3>Explanation:</h3>

The process that deals with the study of how the individuals and the organisations selects, purchases and uses and disposes the goods and services is the consumer behavior. These are done for the satisfaction of their wants and needs. The main thing that is associated with the consumer behavior is the motivation and psychology of the purchasing person.

It deals with the activities of the consumers in purchasing a particular product or services and the motivations that is responsible for that selection of the product. The consumer behaviors can be classified as habitual buying,complex buying variety-seeking buying and dissonance-reducing buying.

4 0

3 years ago

Why is 'task complexity' an issue in the process of goal setting?

likoan [24]

The more complex the task the more difficult it is to reach goals. People are more likely to achieve goals when tasks are easier. Simplifying tasks can help goal setting.

4 0

3 years ago

The cost for a carton of milk is $3, and it is sold for $5. When the milk expires, it is thrown out. You also know that the mean

svetlana [45]

Answer:

a) $3

b) $2

c) 1449

Explanation:

Given:

The cost for a carton of milk = $3

Selling price for a carton of milk = $5

Salvage value = $0 [since When the milk expires, it is thrown out ]3

Mean of historical monthly demand = 1,500

Standard deviation = 200

Now,

a) cost of overstocking = Cost for a carton of milk - Salvage value

= $3 - $0

= $3

cost of under-stocking = Selling price - cost for a carton of milk

= $5 - $3

= $2

b) critical ratio = $\frac{\textup{cost of under-stocking }}{\textup{cost of overstocking + cost of under-stocking }}$

critical ratio = $\frac{\textup{2}}{\textup{3 + 2}}$

critical ratio = 0.4

c) optimal quantity of milk cartons = Mean + ( z × standard deviation )

here, z is the z-score for the critical ration of 0.4

we know

z-score(0.4) = -0.253

thus,

optimal quantity of milk cartons = 1,500 + ( -0.253 × 200 )

= 1500 - 50.6

= 1449.4 ≈ 1449 units

4 0

3 years ago

A strategy that is preferred by an individual regardless of an opponent's decision is called:

djverab [1.8K]

A strategy that is preferred by an individual regardless of an opponent's decision is called: dominant strategy. regardless of what any other players do, the strategy earns a player a larger payoff than any other. If one strategy is dominant, than all others are dominated.

5 0

3 years ago