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    Business Ethics

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    Crisanto Zaballero
    This document discusses different types of businesses and business organizations. It describes business as an organization that brings together economic resources to deliver goods and services to consumers. It involves operations like purchasing, production, distribution, marketing, sales and accounting. There are three main types of businesses: service businesses that provide services instead of products, merchandising businesses that sell products bought from other companies, and manufacturing businesses that transform raw materials into products. The document then discusses two common forms of business organization: sole proprietorships, which are single-person businesses where the owner has full control and liability; and partnerships, which involve two or more people sharing profits, losses and strategic decision-making.

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    © All Rights Reserved
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    Business Ethics

    Uploaded by

    Crisanto Zaballero
    5 views38 pages
    This document discusses different types of businesses and business organizations. It describes business as an organization that brings together economic resources to deliver goods and services to consumers. It involves operations like purchasing, production, distribution, marketing, sales and accounting. There are three main types of businesses: service businesses that provide services instead of products, merchandising businesses that sell products bought from other companies, and manufacturing businesses that transform raw materials into products. The document then discusses two common forms of business organization: sole proprietorships, which are single-person businesses where the owner has full control and liability; and partnerships, which involve two or more people sharing profits, losses and strategic decision-making.

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    This document discusses different types of businesses and business organizations. It describes business as an organization that brings together economic resources to deliver goods and services to consumers. It involves operations like purchasing, production, distribution, marketing, sales and accounting. There are three main types of businesses: service businesses that provide services instead of products, merchandising businesses that sell products bought from other companies, and manufacturing businesses that transform raw materials into products. The document then discusses two common forms of business organization: sole proprietorships, which are single-person businesses where the owner has full control and liability; and partnerships, which involve two or more people sharing profits, losses and strategic decision-making.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    5 views38 pages

    Business Ethics

    Uploaded by

    Crisanto Zaballero
    This document discusses different types of businesses and business organizations. It describes business as an organization that brings together economic resources to deliver goods and services to consumers. It involves operations like purchasing, production, distribution, marketing, sales and accounting. There are three main types of businesses: service businesses that provide services instead of products, merchandising businesses that sell products bought from other companies, and manufacturing businesses that transform raw materials into products. The document then discusses two common forms of business organization: sole proprietorships, which are single-person businesses where the owner has full control and liability; and partnerships, which involve two or more people sharing profits, losses and strategic decision-making.

    Copyright:

    © All Rights Reserved
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    Business

    Business- is an active process which is an integral part of human society. It is an


    organization where an economic resources or inputs such as: materials and
    services are brought together and distributed to deliver and give consumers or
    to give consumers goods products and output. It involves significant operation
    such as buying, assembling, distributing, advertising, selling and accounting.
    Profit
    It refers to the difference between the amount receive and the amount
    spent on something purchased, produces and manufactured. The
    fundamental reason for examining business activities from the moral
    point of view is that business organization should in principle help
    promote the common good and protect the rights and interest of the
    individual. Three types of business organization are generally operated
    for PROFIT SERVICE, MERCHANDIZING, AND MANUFACTURING
    BUSINESSES.
     Service business- provide services to the customer rather than
    products. E.g. Computer repair, laundry services, tutoring, delivery
    services, wellness, SPA.
     Merchandising business- sell to customers products they buy from
    other businesses.
    Examples: sari-sari store, book store, department store, groceries and
    super market.
     Manufacturing business- turn basic inputs into products which are
    sold to the customers.
    Examples: Shoe manufacturing, baked goods, candles manufacturing,
    cosmetics manufacturing, wine production.
    Forms of Business Organization
    • Sole proprietorship- It is a one-person business. The owner has full
    control over finances and operation and decides alone.
    Advantages
    A. Tax preparation is faster. Simply file the individual income tax
    return including looses and profits to your business. Your personal
    and business income is considered the same and the tax
    implication for self-employed individuals would apply.
    B. Sole proprietorship has lower start-up costs.
    C. Handling money for business is easier.
    d. Sole proprietorship have a least government rules and regulation that
    affect them.
    e. The sole proprietor can own the business for as long he/she wants and
    when he/she wants to move out he/she can cash in and sell the business.
    f. Even in a common practice the sole proprietor can pass the business
    down to his/her heir.
    Disadvantages
    g. The sole proprietor is personally liable for all debts and action of the
    enterprise.
    h. There is lack of financial control because of looser structure of sole
    proprietorship.
    i. There could be difficulty in raising the capital.
    Partnership
    • It is a business between two or more people. It refers to an
    arrangement where individuals share the business venture profits and
    liabilities. The partners give feedback on how to use the capital and
    other critical strategic decision that may provide different perspective.
    Advantage
    • Partnership business lacks formality as compared with managing a
    limited company or corporation.
    • It is easy to start. The partnership may be created either verbally or in
    writing.
    • You shared a burden. You have companion and support.
    • Every

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