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Business Essentials Assignment (docx)

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Added on  2021-02-20

Business Essentials Assignment (docx)

   Added on 2021-02-20

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BUSINESS ESSENTIAL(PART B)
Business Essentials Assignment (docx)_1
TABLE OF CONTENTSMAIN BODY...................................................................................................................................4REFERENCES................................................................................................................................5
Business Essentials Assignment (docx)_2
MAIN BODYObjectives of the companyTo deliver the best quality as well as fast food free of oil to entice the customers. To expand and become the organization operating at the international level across theworld.To provide world class services to new as well as the existing customersTo incorporate transparency in each and every aspect by adhering to food qualitystandardsImportance of objectivesThe importance of the first objective which relate to offering oil free meals is thatproviding the customers with the organic food which will contain all the nutrients and hence willreduce all disease like obesity, heart attack, cholesterol etc. The importance of second objectiveis that through the expansion, company will acquire greater market share along with increasedcustomer base and hence will increase revenue. Significance of offering top quality services isthat it attract consumers & suppliers from across the world and thus enhances the overallperformance of company. Importance of the last objective is that complying to the standards willincrease the trust among the consumers and hence will organization to gain competitiveadvantage. Forms of ownershipGeneral partnership is basically the ownership form in which two or more than twoindividual or entity associate in order to carry out the business. In this, the partners enters into apartnership agreement and thus shares the profit and loss incurs to the company. This form ofownership is most suitable because the profit and loss incurred to the company are not bared byonly one but by the partners (Artunç and Guinnane, 2019). Another significance is that morecapital remains available to the company and hence the start up cost is low. For example AsHealthy Qila is planning to introduce oil free food for the consumers thus due to its partnershipwith other companies, the profit & revenue which will be generated through this product will beshared by both. Another example is that as Heath Quila is starting a new business thereforecapital; will be required for this like money for machineries, office etc. Through the partnership,both the partners will contribute equal amount of fund and thus their start-up cost will reduce.
Business Essentials Assignment (docx)_3

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