Partnership Business, Porters 5 Force analysis, Three macro environmental factors

PROJECT

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................3
QUESTIONS...................................................................................................................................3
1) Partnership Business..........................................................................................................3
2) Porters 5 Force analysis.....................................................................................................4
3) Three macro environmental factors...................................................................................5
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................7

INTRODUCTION
Business is mainly established in respect of earning the profits through buying or selling
the goods and services or also fulfilling the needs and demands of the customers. It is easy to
establish the business but it is tough to manage the internal and external matters through the
smooth working of the business. Usually government had imposed various restriction in respect
of managing the integrity of the business regarding importing and exporting business or adapting
new policies to manage the interest of the employees or also examining the changes which is
occurring in environment (Storey and Salaman, 2017). Through this perspective, they can retain
the interest of the people towards the business for longer way. Present report is based upon the
case study of the Yoghurtology frozen yoghurt shop which is carried by two partners Peter
Jackson and frank Jones.
QUESTIONS
1) Partnership Business
Partnership refers to the one of the type of the business organization which is mainly
formed when two or more person agree to work together, in such manner the partnership is
formed by signing the partnership agreement. Under the partnership act, 1890, there are various
terms and condition which are imposed under this act and also it is the liability of the parties to
follow such norms and regulation without any negligence (Hemingway and Gunawan, 2018). If
the partners are agreed to work together, they enter into the partnership agreement in which they
are bound by the norms which obliged them to work in right directions. As partnership if formed
in respect of sharing equal profits and losses in business and this is identified in the business case
of Frank and peter (Zhironkin and Guzyr, 2016). In respect of starting the business, they both
bring the equal amount of money as €30,000 and secured the lease of the shop for 3 years. The
another factors which reflect the form of partnership business in this case is that there is mutual
agreement between the partner regarding expanding the business products lines.
In respect of partnership business it carries various advantages in business, as firstly they
get the easily loan from banks, as banks mainly support such business which are stable in market
or carrying the business at new level (Charlton, 2018). In this case, both the partner in context of
business, applying from the bank regarding getting finance for the purpose of expanding the
business. The second advantages which is enjoyed in partnership business is that this business is