business organization2

8/11/2019 Business Organization2

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BUSINESS ORGANIZATION


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Reasons for engaging in business :

1) To make profit

2) To provide service

3) To become independent 4) To attain self

actualization

5) To stay active


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CLASSIFICATION OF BUSINESS

Industry Agriculture

Service

Commerce

Nature of Operations


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BUSINESS SIZESCLASSIFICATION TOTAL ASSETS NO. OF EMPLOYEES

Micro enterprise Up to P150,000 Up to 4

Cottage Up to P1.5M Up to 9

Small Up to P 15M Up to 99

Medium Up to P60M Up to 199

Large Above P60M 200 and above


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MAJOR FORMS OF BUSINESS ORGANIZATION

1) Single or Sole

proprietorship2) Partnership

Advantages :

1. Easy to organize2. The proprietor is the boss

3. The owner all profits from hisbusiness

Disadvantages :

1. Needs large amount offinancial resources

2. Benefits of specialization inbusiness management are notpresent in small proprietorship

3. The owner has a limited;iability

Advantages

1.Easy to organize2. Better management because of

the presence of manyparticipants

3. Possibility of bigger resources

Disadvantages1. Conflicts of quarrels betweenor among partners

2. Lack of Stability

3. The partners are subject tolimited liability


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CLASSIFICATIONS OF CORPORATIONS

1) Ownership Controla. closed corporation

b. public corporationc. government corporation 2) Nationality of stockholders

a. Domesticb. Foreign

3) Corporate combinationsa. Joint ventureb. Mergerc. Holdings company


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RA 7394 :The Consumers Act of the Philippines is the policy of thestate to protect the interest of the consumer, promote his general welfare

and to establish standards of conduct for business industry.

1. The right to basicneeds, which guarantee

survival, adequate food,clothing, shelter, healthcare. Education andsanitation to health and

life.


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2. The right tosafety, which is theright to beprotected againstthe marketing of

goods or theprovision ofservices that arehazardous to healthand life.


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3. The right toinformation, which is theright to be protectedagainst dishonestmisleading advertising or

labelling and the right tobe given the facts andinformation needed tomake an informed choice.


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4. The right to choose,which is the right tochoose products atcompetitive prices with

an assurance ofsatisfactory quality


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5. The right to representation,which is the right to express

consumers interests inmaking and execution ofgovernment price policies.

6. The right to redress, whichis the right to be compensated

for misrepresentation, shoddygoods or unsatisfactoryservices.


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7. The right to consumereducation, which is theright to acquire theknowledge and skillsnecessary to be aninformed customer.


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8. The right to a healthy

environment, which isthe right to live and workin an environment that isneither threatening nor

dangerous and, permits alife of dignity and well-being.


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Authentic CHANEL 2.55 Double FlapChain Shoulder Bag - Complete Set -SOLD

Top of FormItem# Authentic-CHANEL-255-Double-Flap-Chain-Shoulder-Bag--Complete-256PhP61,888.88This item is SOLD!Bottom of FormProduct Description

Guaranteed Authentic CHANEL 2.55 DoubleFlap Chain Shoulder Bag - Complete Set

Shows minimal signs of usage. Lambskinleather in good condition. Interior is clean.Comes with a box, dustbag and hologram

sticker serial with matchingAuthenticity/Guarantee Card.

Size: W25 H15 x D6 cm Strap:L23 cm

I do meet-ups. For other inquiries, pleasecall/text me at 09198179978 or

09178279978.


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STORE POLICY:

All sales are final. All payments mustbe Cash on delivery or bank transferonly. For PAYPAL purchase, I mayrequire a waiting period of about 5business days or until funds have beenfully transferred into my bank accountto protect me from "online scammingof unauthorized payments" halted byPaypal. I don't do layaway orinstallment. No Return, No exchange!I don't do trade-ins. I only allow 3days reservation for items on-hand.All reserved items are considered sold.I may demand a down payment and inrare occasion, I also reserve the rightto cancel a reservation. Details of my

store policy may be changed withoutprior notice.


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business organization2

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