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February 14, 2012 40928 No of hits
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Business

Business is an intrinsic part of capitalistic society, and indeed drives the way we work and consume. Business involves the creation or distribution of goods and services to buyers in a way that generates a profit for the business. One who starts a business is called an entrepreneur, and a business needs capital (initial money to invest in running the business), goals and objectives, a the means to implement the objectives.

A business model involves how the company sells products to customers, and while there are many different business models, the basic categories include manufacturer, distributor, retail and franchise. A manufacturer is a company which creates product from raw materials or assembles products from pre-manufactured parts. A distributor is a business which purchases products from a manufacturer for resail to retail businesses or to the public. A retail outlet is a business which purchases products from a distributor and then sells those products to the public, or the end users. A franchise business model involves purchasing a business (which may be a retail outlet, a manufacturer or a distributor) from a franchise company or franchise distributor.

There are several types of business ownership. These include sole proprietorship, partnership, corporation, cooperative (or co-op), and a limited liability company. A sole proprietorship is a for-profit enterprise with one owner who holds unlimited liability for debts incurred by the business. The owner of a sole proprietorship also owns all of the business's assets. The majority of small businesses begin as sole proprietorships, with the owner carrying on a daily function within the business. A partnership is a for-profit business owned by more than one person, and partnerships are classified as general partnerships, limited partnerships and limited liability partnerships. A corporation is a limited liability business which has members and a separate legal personality; corporations may be privately owned or government owned, for profit or not for profit. A co-op is a limited liability business that ban be either for profit or not for profit and has members which share in the decision making. A limited liability company has the limited liability of a corporation but the flexibility of a partnership, albeit a more formal partnership.

Different types of businesses include agriculture and mining (which produce raw materials), financial (which profit from managing and investing capital, information businesses, manufacturers, and real estate, and service businesses (which offer goods or services and charge for labor), transportation, and utilities (which produce public services such as water treatment).

Tags:   Business   Business model   Limited liability   Corporation   For profit   Franchise  

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Business is an intrinsic part of capitalistic society, and indeed drives the way we work and consume. Business involves the creation or distribution of goods and services to buyers in a way that generates a profit for the business. One who starts a business is called an entrepreneur, and a business...

By: Richard Martine Created 73 months ago

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  • Lore
    April 03, 2012
    0

    Insights like this liven thgins up around here.

    1
  • Yono
    April 06, 2012
    0

    Hey LeeAnn,I enjoy reading this post ! Thank you very much. I find the mnteioned above is very true but the problem can be lessen if MLM networker allow others to have more time to think if this is what they want and at the same time, the newbie must be very clear with their purpose of coming into network marketing business. This will at least give time to both parties to make the right decision Just my opinion, LeeAnn.Hope you have a great day and I definitely know where to look for information about Network Marketing when I want to refresh my memory I have LeeAnn post ! CheersPearly

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    4
  • Viva
    October 12, 2015
    0

    Not only do corporations pay less taxes by mnoivg abroad, often their projects are financed at a lower rate than investments here at home and insured by AIG or other insurance funds that are government supported or bailed out when losses accumulate. In essence, our tax dollars are paving the way for the race to the bottom. As Democrats, we must stop throwing money at rich greedy republicans. The real kicker is we have to hear the republicans whine about how we are giving them with our government spending shortfalls. Our entire tax income runs between 18 23% of GDP. The very poor pay (or paid) over 15% of their entire income as social security. If everyone paid 15% of their entire income (100% of GDP) all other taxes (corporate, tariffs, fees, and incremental income taxes) would only have to add up to 3 8%. Our current tax structure is stealing food, hope, and future from the poor and middle class to finance greed.Whether you come from a spending point of few or a revenue point of view, the reason American is falling is because Democrats are not standing up to fight greedy republicans.

    5
  • Viva
    October 12, 2015
    0

    Not only do corporations pay less taxes by mnoivg abroad, often their projects are financed at a lower rate than investments here at home and insured by AIG or other insurance funds that are government supported or bailed out when losses accumulate. In essence, our tax dollars are paving the way for the race to the bottom. As Democrats, we must stop throwing money at rich greedy republicans. The real kicker is we have to hear the republicans whine about how we are giving them with our government spending shortfalls. Our entire tax income runs between 18 23% of GDP. The very poor pay (or paid) over 15% of their entire income as social security. If everyone paid 15% of their entire income (100% of GDP) all other taxes (corporate, tariffs, fees, and incremental income taxes) would only have to add up to 3 8%. Our current tax structure is stealing food, hope, and future from the poor and middle class to finance greed.Whether you come from a spending point of few or a revenue point of view, the reason American is falling is because Democrats are not standing up to fight greedy republicans.

    6
  • Viva
    October 12, 2015
    0

    Not only do corporations pay less taxes by mnoivg abroad, often their projects are financed at a lower rate than investments here at home and insured by AIG or other insurance funds that are government supported or bailed out when losses accumulate. In essence, our tax dollars are paving the way for the race to the bottom. As Democrats, we must stop throwing money at rich greedy republicans. The real kicker is we have to hear the republicans whine about how we are giving them with our government spending shortfalls. Our entire tax income runs between 18 23% of GDP. The very poor pay (or paid) over 15% of their entire income as social security. If everyone paid 15% of their entire income (100% of GDP) all other taxes (corporate, tariffs, fees, and incremental income taxes) would only have to add up to 3 8%. Our current tax structure is stealing food, hope, and future from the poor and middle class to finance greed.Whether you come from a spending point of few or a revenue point of view, the reason American is falling is because Democrats are not standing up to fight greedy republicans.

    7

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