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BTEC Business Unit 36, Starting a Small Business P1 P2 (Present the initial business idea using relevant criteria) (Explain how to identify the target market)$4.15
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BTEC Business Unit 36, Starting a Small Business P1 P2 (Present the initial business idea using relevant criteria) (Explain how to identify the target market)
BTEC Business Unit 36, Starting a Small Business P1 P2
BTEC Business Extended Diploma
Unit 36, Starting a Small Business P1
This is the complete version of the coursework assignment, which has already been marked and approved by a teacher.
P1 P2 P3 P4 P5 P6 M1 M2 M3 D1 D2
(Present the initial bu...
, I would like to open a Car Assembling
Garage. My business would be based to
buying broken cars, and cars which happened
to be in accidents for details and out of those
details assembling completely new cars for
sale.
Also I want my garage to provide services like
MOT and repair cars.
, Owner - A person or a party that possesses the exclusive right to hold and use particular
organisation or company. There are few types of ownerships:
The sole proprietorship (Sole trader) – it’s a business with one owner.
The Partnership – business with two or more owners.
The corporation – are the most common form of business organization, and one
which is chartered by a state and given many legal rights as an entity separate from
its owners.
The limited Liability company – Shareholders are only responsible for the company’s
debts up to the value of their shareholding.
Unlimited Liability company – these types of companies getting legal obligation on
the owners of the business to pay all debts of the business.
Private limited company – it’s a company owned by shareholders and a limited
number of shares are issued, these are owned by family and friends of the business.
The business has limited liability.
Public limited company – it’s a company owned by shareholders and company may
allow its share to be bought by the general public. That business also has limited
liability.
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