disadvantages of a small business
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High stress level
High failure rate
Undercapitalization
Managerial inexperience or incompetence
Inability to cope with growth
foreign corporation
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, - a corporation that is incorporated in one state but that does business in
several other states where it is registered
- frequently happens in the state of Delaware where incorporation laws are
more lenient
JIT ( just-in-time) inventory management
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- goods and materials are delivered throughout the production process
right before they are needed rather than being stockpiled in inventories
Quasi-public corporation
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corporations owned and operated by the federal, state, or local
government
ex) NASA, and USPS
double taxation
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- feature of taxation that allows stockholders' dividends to be taxed both as
corporate profit and as personal income
,2 types of small businesses
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- lifestyle
- high-growth
inputs
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the resources, labor, money, materials, and energy
special types of corporations
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- subchapter S corporation
- limited liability corporation
- subsidiary corporation
- alien v. foreign corporation
- benefit or B corporation
- domestic corporation
Industries that attract small businesses
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, Retailing and wholesaling, services, manufacturing, and high technology
board issues
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- composition
- education
- liability
- independent board chairs
- recruiting challenges
Planning Facilities
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location, layout, technology
purchasing
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also known as procurement, is the buying of all the materials needed by
the organization
measurement of productivity in service businesses
Give this one a try later!
High stress level
High failure rate
Undercapitalization
Managerial inexperience or incompetence
Inability to cope with growth
foreign corporation
Give this one a try later!
, - a corporation that is incorporated in one state but that does business in
several other states where it is registered
- frequently happens in the state of Delaware where incorporation laws are
more lenient
JIT ( just-in-time) inventory management
Give this one a try later!
- goods and materials are delivered throughout the production process
right before they are needed rather than being stockpiled in inventories
Quasi-public corporation
Give this one a try later!
corporations owned and operated by the federal, state, or local
government
ex) NASA, and USPS
double taxation
Give this one a try later!
- feature of taxation that allows stockholders' dividends to be taxed both as
corporate profit and as personal income
,2 types of small businesses
Give this one a try later!
- lifestyle
- high-growth
inputs
Give this one a try later!
the resources, labor, money, materials, and energy
special types of corporations
Give this one a try later!
- subchapter S corporation
- limited liability corporation
- subsidiary corporation
- alien v. foreign corporation
- benefit or B corporation
- domestic corporation
Industries that attract small businesses
Give this one a try later!
, Retailing and wholesaling, services, manufacturing, and high technology
board issues
Give this one a try later!
- composition
- education
- liability
- independent board chairs
- recruiting challenges
Planning Facilities
Give this one a try later!
location, layout, technology
purchasing
Give this one a try later!
also known as procurement, is the buying of all the materials needed by
the organization
measurement of productivity in service businesses
