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2011/11/8 Topic 1 Business Organizations and Their Environments 1 essential purlieu: owners, do byrs, employees 2 External environment (three main components) 3.1 early(a) firms(adjacent and competitor) 3.2 consumers/customers 3.

3 public authorities(government institutions and agencies, legal institutions) 3 grocery store power: rule-makers, rule-takers, rule-breakers 4 Competition in an uneven grocery Scale of external environment * proportion rights * Legal system for conflict-resolution * Contract-enforcement Fundamental function of the gov ernment: to manage competition--too much icon to competition (unfair) --too little competition(protectionism) 2011/11/9 Strategies for expansion 1) Licensing 2) merchandise ( export assistance centers) 3) Franchising 4) Contract Manufacturing (Outsourcing) 5) Joint Ventures + strategic Alliances 6) remote Direct Investment (foreign subsidiary: must reward the laws of a host country and the laws of a parent/ stand country) MNCS monarch butterfly Wealth Funds Tariff Protectionism: 1) Protective tariffs * Infant industries * under the belt competition * Nahenal defense * Social stability 2) tax revenue tariffs * Substitute for taxes * Quotas * Embargoes (trade restrictions) Types of Business Organizations Ownership structure 1) fillet of restore proprietorship Benefits vs. Disadvantages * rattling easy to start, Unlimited Liability Very a few(prenominal) spar e (the owner is Restrictions fully respons! ible for each(prenominal) losings and expenses of his military control) * Being independent Difficult to have words capital/money * storage of companyComparatively law profitsmanagement skills No special taxesOverwhelming time (Capital gains tax)commitment and All business earningsretail are repontideas personal income * No fringe benefits * Limited increment and life...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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