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¶ … Business
Students, view "Submit a Clickable Rubric Assignment" Student Center. Instructors, training grade Instructor Center. Assignment 2: Playing Favorites Due Week 4 worth 120 points Write a (1) page paper.
Comparison between different types of business
Business sizes
Businesses are usually divided into different classes depending on either the number of employees a business has or the total worth of its assets. Different businesses fall under the following category: Small, medium or large enterprise. These businesses have different number of employees, and this is what differentiates between the different types of business. Small businesses have around 5-50 employees, medium size businesses have about 50-250 employees and large business have about 250 employees or more.
Opportunities for Small businesses
Small businesses are businesses that are usually privately owned and can also be owned through partnership. It is operated by the owners and has a small number of employees. The government has also put in place preference programs that help small businesses grow, and survive in the competition. Apart from preference programs, there are some set-aside programs that encourage business growth. The government has made getting loans easy for small businesses. This helps them...
There are some government institutions that assist small businesses to develop, for example, the small business association Seley, 1981()
Comparison between small businesses and big businesses
Unlike big businesses, small businesses can begin at a very low cost and also can start as a part-time job. Small businesses are usually in direct contact with the client. This gives small businesses some sort of intimacy and makes them have a greater accountability. This makes small businesses to be more flexible than big businesses in their operations. Small businesses have a lower economy of scale, for example, a large business can get better pricing on its products because they buy in bulk. This makes big businesses to be profitable Andrews & Rogelberg, 2001()
Small businesses tend to deal with scandals more easily as compared to big companies. Small businesses are also known to have a more personal and efficient customer service. This is, however, not always true. Small businesses are at a disadvantage when it comes to providing quality products as compared to large businesses. This is because large businesses often produce a large number of different products and small businesses are left to specialize in one product and this way they can compete with the large businesses Weaver, 2001()
Small…
References
Andrews, T.L., & Rogelberg, S.G. (2001). A New Look at Service Climate: Its Relationship with Owner Service Values in Small Businesses. Journal of Business and Psychology, 16(1), 119-131.
O'Gorman, C., Bourke, S., & Murray, J.A. (2005). The Nature of Managerial Work in Small Growth-Orientated Businesses. Small Business Economics, 25(1), 1-16.
Seley, J.E. (1981). Targeting Economic Development: An Examination of the Needs of Small Businesses. Economic Geography, 57(1), 34-51.
Weaver, G.R. (2001). Ethics Programs in Global Businesses: Culture's Role in Managing Ethics. Journal of Business Ethics, 30(1), 3-15.
fictitious business that you created for this assignment. Light Up the Sky, Inc. is a company that manufactures luminescent kites. This company has been in business for the past 10 years and during this time has established itself as a high quality manufacturer of these kites. Even though this company appeals to a small fraction of the entire kite industry, they had been able to maintain a 20% profit margin.
The total asset turnover ratio on the other hand indicates that just as is the case with the fixed asset turnover ratio, the Coca-Cola Company has been less effective in the utilization of all its assets in sales generation. The inventory turnover ratio is essentially a measure of the number of times the inventory of a business entity is replaced or sold within a given period of time. In the
wonderful job helping session Even I paying a fee services I Thank I forever grateful assistance provided a difficult time life. I ! Sincerely, Jane Since I work a Lexus Dealership, I choose "Lexus Corporation" assignment Lexus Corporation Impact of Lexus Corporation mission, vision, and stakeholders on its overall success A company's mission and vision statements provide answers to questions regarding where the company is going, what the company values, and what
Ford Motor Company and its human resources management practice. The company's human resources strategy is very closely tied to its strategy. As with other automakers, Ford's labor costs can be quite high, but there are also related costs of labor, such as benefits and pensions that can result in the total labor cost today being very high, even when much of the company's production is automated. Ford also must
Toyota Analysis Comprehensive Case Analysis An Analysis of Toyota Motor Company JANE A TUCKER 490 Business POLICY, PROFESSOR RICHMOND Toyota's Objectives and Strategies Toyota is an industry giant and has been known as a global innovator in the manufacturing industry. The company has upheld a customer concentrated orientation that has allowed them to be responsive to their target markets. The company is constantly monitoring consumer needs and wants and develops their product mix respectively. One development
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