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Introduction to Business Assignment (Solved)

   

Added on  2020-12-24

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Introduction to Business
Introduction to Business Assignment (Solved)_1

ContentsContents...........................................................................................................................................2INTRODUCTION...........................................................................................................................1PART 1............................................................................................................................................11.1 Business Types......................................................................................................................11.2 Research.................................................................................................................................2PART 2............................................................................................................................................32.1 McCarty's 4Ps application.....................................................................................................32.2 Employees / Staff...................................................................................................................52.3 Consumers/ Client.................................................................................................................6PART 3............................................................................................................................................6CONCLUSION................................................................................................................................7REFERENCES................................................................................................................................8
Introduction to Business Assignment (Solved)_2

INTRODUCTIONBusiness considered as an organisation or economic system where goods and services areexchanged for another or for money. Each business is set up based on an innovative idea and thatidea become a business plan after analysis of various factors that affects business activities (Aral,Dellarocas and Godes,2013). In this project report to understand how a business is introduce inthe competitive a business plan of training centre for unemployed is established named as Sparkand Shine training centre. This is a new business venture that is going to be established inEdinburgh. A description regarding services and USP of the organisation and formation ofbusiness structure and 4 Ps is included in this report. Role of human beings and promotions inbusiness is added to this project report. PART 1A new business named as Spark and Shine is established that will provide training tounemployed to develop their skills and help in getting them most suitable job. This trainingcentre is inspired by increasing number of unemployed who are educated but lacking that oneskill that makes them unemployed. Services that are provided by Spark and Shine training centreis educating and generating skills in each individual as per their requirements. Unique SellingPoint of Spark and Shine Company is to provide skills and training to unemployed individuals asper their requirements (Baden-Fuller and Mangematin, 2013). Together with this each individualgets personal attention to get personality development. 1.1 Business TypesSole Proprietorship: When a business is owned and operated by one individual or amarried couple is known as sole proprietor. This is the simplest form of business. ledability isone of the sole proprietorship organisation that provides payroll services in the UK.Benefits: Its simple to form and operate as it does not require much legal formalities andalso gives the tax benefit to the owner.General Partnership: When two or more people come together to share their resourcesand to work as a single party is known as Partnership.Benefits: When there is more than one owner the ability to raise funds increases.Corporation: A corporation is a legal entity separate from those who mange and controlit, created by the individuals who offer the capital. FLAG cooperation is one of the1
Introduction to Business Assignment (Solved)_3

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