Exam (elaborations)
OTE2601 Assignment 2 (DETAILED ANSWERS) 2024 - DISTINCTION GUARANTEED - DISTINCTION
- Course
- Institution
- Book
OTE2601 Assignment 2 (DETAILED ANSWERS) 2024 - DISTINCTION GUARANTEED - DISTINCTION
[Show more]
Connected book
Book Title:
Author(s):
- Edition:
- ISBN:
- Edition:
More summaries for
-
TMS3709 Assignment 4 2024 | Due 31 July 2024
-
TMS3708 Assignment 4 (QUALITY ANSWERS) Semester 2 2024.
-
TMS3708 Assignment 4 (DETAILED ANSWERS) 2024 - DISTINCTION GUARANTEED
Seller
Follow
Jennifer2024
Reviews received
Content preview
OTE2601 Assignment2 (DETAILED
ANSWERS) 2024 -
DISTINCTION
GUARANTEED -
DISTINCTION
GUARANTEED
ADMIN
[COMPANY NAME]
, OTE2601 Assignment 2 (DETAILED ANSWERS) 2024 - DISTINCTION
GUARANTEED - DISTINCTION GUARANTEED Answers, guidelines,
workings and references.....
QUESTION 1 Every entrepreneur has certain expectations and goals when
choosing a business. 1.1 What is a close corporation in business? Give one
examples. (5) 1.2 You are a Grade 7 teacher leading a discussion on the
different kinds of franchising. 1.2.1 What are the issues to consider when
discussing about capital requirement for a franchise (10). 1.2.2 Do you agree
with the assertion that businesses fail for a number of reasons? Substantiate
on your answer by discussing the following; 1.2.2.1 Incompetent management
(2) 1.2.2.2 Lack of experience (2) 1.2.2.3 Poor financial control (2) 1.2.3.4
Inflexibility (2) 1.2.3.5 Unrealistic time frames (9) [25]
1.1 Close Corporation in Business:
A close corporation, also known as a closely held corporation, is a type of
business structure that limits ownership to a small number of shareholders.
In a close corporation, shareholders are typically involved in the
management and operation of the business. This type of corporation often
operates more informally than a publicly traded company, with fewer
regulatory requirements.
Example: An example of a close corporation could be a family-owned
restaurant where ownership is limited to family members and possibly a few
key employees. The shareholders in this type of business are directly
involved in the day-to-day operations and decision-making processes.
1.2 Issues to Consider When Discussing Capital Requirement for a
Franchise:
When discussing capital requirements for a franchise, several key issues
need to be considered:
1. Initial Franchise Fee: Franchisees typically need to pay an initial franchise
fee to acquire the rights to operate under the franchisor's brand. This fee can
vary significantly depending on the brand and industry.
2. Investment in Equipment and Inventory: Franchisees often need to
invest in equipment, inventory, and supplies required to operate the
franchise business. The cost of these items can vary based on the type of
franchise.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Jennifer2024. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $2.50. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
50843 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now