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Tag Archives: sole proprietorship
Creating a business project. 2022 Best
For this assignment we will focus on creating a business project. Below are the pieces of information that you will need to include in your business plan. Choose a name for your business. Decide what type of business to create
Creating a business project.
You may work individually or with one other person to create a business. Below are the pieces of information that you will need to include in your business plan. Use Google slides to create your presentation. You should have at least one slide per bulleted item below. Choose a name for your business. Decide what type of business to create (sole proprietorship, partnership, corporation) and explain why. (10 pts.) Read about the different types here (start on slide 23): https://app.nearpod.com/?pin=s2h5w Decide if your business will be for profit or not for profit and explain why. (10 pts.)
Creating a business project.
Read about the different types here: https://www.uschamber.com/co/start/strategy/nonprofit-vs-not-for-profit-vs-for-profit. Choose a main product/service (this must be school appropriate) to sell and explain why. (10 pts.) List what raw materials you will need to buy for your business – remember to list everything, not just a couple of materials. (10 pts.) Decide how many workers you will need to hire (managers, salespeople, production, etc.) (10 pts.) Create a monthly budget for your business (rent, inventory, advertising, wages and other costs) (10 pts.) Decide on a price for your product/service and explain how you chose this price.
Creating a business project.
Design an advertisement for your main product – this could be a picture or a video. (10 pts.) Make a list of possible competitors and decide what kind of market structure (perfect competition, monopolistic competition, oligopoly, monopoly) you will be participating in and how you determined this. (10 pts.) Read about the different types of market structures here: https://app.nearpod.com/?pin=s2h5w Determine if you will be participating in price or non-price competition and explain why. (10 pts.) Read about the different types here: https://www.economicsdiscussion.net/difference-between/difference-between-price-and-non-price-competition/3829. https://youtu.be/n6ecdYd8T6o
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Applying legal knowledge LEG100 Week 9
For this assignment we will focus on applying legal knowledge to scenarios given below. Scenario #1: Otis loves to bake cookies, and his friends suggest that he open a bake shop. After saving some money, Otis decides that he will start his own business.
Applying legal knowledge
LEG100 Week 9 Assignment Name: Read all three scenarios and respond to all the questions. Your answers should be about 1 page for each scenario, so your completed paper should be approximately 3 pages long. Scenario #1: Otis loves to bake cookies, and his friends suggest that he open a bake shop. After saving some money, Otis decides that he will start his own business. Otis is familiar with sole proprietorships, limited liability companies, and corporations, but he is unsure which option is best for his business. Consider the scenario and answer the following question: • Should Otis select a sole proprietorship, limited liability company, or corporation?
Applying legal knowledge
Explain why the form of business organization you selected is best for Otis. [Write roughly 1 page that fully answers the above question here.] Scenario #2: Otis hires Kelly to help in his new bake shop. Kelly enjoys the job, is always on time, and is happy with the hourly pay. One day, after Kelly mops the floor, Doug shows up to deliver a package. Doug slips on the wet floor and breaks his leg. Consider the scenario and answer the following question: Is Otis responsible for Doug’s injury? Explain the elements of an agency relationship in your response. [Write roughly 1 page that fully answers the above question here.]
Applying legal knowledge
Scenario #3: Otis is looking to expand his business. He has the opportunity to make sugar-free cookies using a new artificial sweetener. This sweetener is inexpensive and would increase Otis’s profit margin. However, there are some health concerns about the artificial sweetener, as studies show that it may cause cancer. Otis would like to increase his profits, but he is concerned about the health risks of using the artificial sweetener. Consider the scenario and answer the following question: • Should Otis use the artificial sweetener? Discuss both the financial and ethical implications of Otis’s decision. References. https://youtu.be/9ziOz4SvTGY
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