An Analysis of Richer Sounds PLC
1.0 A Report on How Richer Sounds Functions
4.1 A Classification of the business according to its ownership, and
an explanation of the benefits and constraints of this type of
ownership
Richer Sounds is part of the Private Sector, which consists of
businesses who seek to make a profit. Julian Richer is the sole owner
of Richer Sounds, which means he has full control over the business,
but the Directors run it. Richer Sounds is a regional unlisted Public
Limited Company, which means it is not listed on the Stock Exchange.
Julian Richer is owner of all the shares of Richer Sounds, but the
official name of the company is still Richer Sounds PLC, even though
the shares are not for sale to the public. Julian Richer also gains
the advantage of limited liability, which means he is not personally
liable for any of the company’s debts. The most he can lose is the
money he has invested in the company, so he has not put any of his
personal possessions at risk.
4.1.1 Richer Sounds’ Legal Requirements
Richer Sounds also have legal requirements that it has to abide by;
such as they must have its name and address, ect registered at the
Companies House where they will also have to send annual returns and
financial statements. This is one of the disadvantages of being a
Limited Company the fact they have lots of paperwork due to annual
statements. The advantages and disadvantages of Richer Sounds are
shown further on in the report. Also the financial affairs of Richer
Sounds have to be published because the company’s stakeholders need to
see how the business is performing.
4.1.2 Memorandum and Articles of Association
The documentation that Richer Sounds is likely to encou...
... middle of paper ...
...follows:
www.richersounds.co.uk
www.msn.com (search engine); searched words such as Richer Sounds PLC,
Richer Sounds’ products and prices, communication.
Textbooks I used are as follows:
Business Studies for you, authors David Needham and Robert Dransfield
Business Studies, authors Ian Marcouse, Andrew Gillespie, Barry
Martin, Malcolm Surridge, Nancy Wall.
Line relationship . Each person has a superior and staff know whom
they should report and for which staff or work area they are
responsible for.
Informal relationship. Staff have frequent contact through their work,
but have no formal relationship.
Staff relationship. This is where no formal authority exists, but
advice is sought.
Lateral relationship where the staff in different departments with
the same level of responsibility need to co-operate or co-ordinate
their activities.
capital brought him 50 percent of the total income of the company (said to be
In the audio version of war of the worlds the telling of the story is
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worth of cash. He emptied the cash into his bag and began to make his
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every dollar that a man earned. Davey has gotten involved in order to point out
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because he is the owner and has to spend a small amount of Capital to
The employee chooses how much money you want to invest - up to a limit established
The author suggests the following barriers to electronic commerce enterprises: cost; security; lack of success; lack of business e-commerce strategy; lack of national e-commerce strategies; lack of support in business assistance; lack of knowledge and application of information technology; lack of adequate internet service providers; limited use of internet to locate and buy products and services; conflict with customers’ tradition buying practices; inability to identify successful e-commerce industries or sectors; inability to identify what products sell well; and inability of government to provide solutions.
He must've had something on his processor, forgotten now, but he doesn't have those often. It's very rare for someone like Soundwave to blank out of reality, even dangerous when he isn't paying attention to what is going on around him.
Competitive advantage is described as a condition that would put a particular firm in a superior position as compared to the rest of the firms in the market in that industry. Competitive advantage enables a firm to generate greater value for the firm that is allows the firm to generate a higher sales volume and retain more competitors as compared to their competitors. It gives the firm an edge over its competitors. There can be various different types of competitive advantages. Some of them include the customer retention rate and product offerings that is new innovative product as compared to their competitors, among others.
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Electronic Commerce as popularly as E-commerce has become a big deal in our growing economy due to the increase use of online systems. E-commerce now of the fastest growing business in the world. The technology has change the way of business. Business that have physical location have now made it an effort to focus their online business. It is the new sort of business platform where you can make use of different technologies like electronic data interchange or transfer document electronically. Online business is an effective of sales.