UNDERSTANDING

BUSINESS

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FORM OF BUSINESS OWNERSHIP

TUTORIAL FOCUS

COMPREHENSIVE QUESTIONS

CHAPTER’S OVERVIEW

OPENED BOOK QUIZ

DISCUSSING ACTIVITIES

Intranets, Extranets,and Private ExchangesOPENED BOOK QUIZ

(GROUP)What are the basic forms of business ownership? Please list down all the three main forms and show the main different between them. What are the paths to business ownership? What are the sources of business idea? Please demonstrate your answer to these two questions.Compare the differences between unlimited and limited liability? What kind of business are allowed to operate such a form of unlimited liability in Cambodia? Why? What are the differences between joint venture, merger, and acquisition? Explain the three major types of merger with business examples in Khmer.What is franchise? How many types of franchise? Please explain the advantages and disadvantages of franchise.

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MN109

UNDERSTANDING

BUSINESS 5432

KNOWLEDGE SHARING ACTIVITIES

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MN109

UNDERSTANDING

BUSINESS

Questions & Comments???

THANKS FOR YOUR GOOD

PARITICIPATION!!!

BASIC FORM OF BUSINESS OWNERSHIP

FORM OF OWNERSHIP

Sole Trader

Proprietorship

Partnership

General partnership

Limited partnership

Master Limited Partnership

Corporation

Private Limited company

Public limited company

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MN109

UNDERSTANDING

BUSINESS

1. Starting a new business

2. Buying an existing business3. Franchising a business

PATHS TO BUSINESS OWNERSHIP

4. Inheriting a business(Reluctant person or lucky enough)

5. Hiring to be the professional manager

PATHS TO BUSINESS OWNERSHIP

SOURCES OF BUSINESS IDEA

The traditional business school

The family business school

The corporate business school

The business school of the streets

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The Traditional Business Schools

SOURCES OF BUSINESS IDEA

The Family Business Schools

SOURCES OF BUSINESS IDEA

The Corporate Business Schools

SOURCES OF BUSINESS IDEA

The Business School of the Streets

SOURCES OF BUSINESS IDEA

DIFFERENCES BETWEEN LIMITED AND UNLIMITED

LIABILITYLIMITED LIABILITY: The responsibility of a business's owners for losses only up to the amount they invest; limited partners and shareholders have limited liability.

UNLIMITED LIABILITY: The responsibility of business owners for all of the debts of the business

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MN109

UNDERSTANDING

BUSINESS

DIFFERENCES OF JOINT VENTURE, ACQUISITION, AND

MERGERJOINT VENTURE:

MERGER: The result of two firms forming one company.ACQUISITION: One company's purchase of the property and obligations of another company.

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MN109

UNDERSTANDING

BUSINESS

TYPES OF MERGER

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UNDERSTANDING

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Primary/Related Industry

Concentricdiversification

Supplychain

DistributionChannels

VerticalIntegration

VerticalIntegration

Concentration

UnrelatedIndustry Conglomerate

diversification

CORPERATE STRATEGY

WHAT IS FRANCHISE?

• FRANCHISE: The right to use a specific business's name and sell its products or services in a given territory.

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MN109

UNDERSTANDING

BUSINESS

HOW MANY TYPES OF FRANCHISE?

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Trade name Product distribution Pure (Business format)OUTLIN

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MN109

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BUSINESS

WHAT ARE THE ADVANTAGES OF

FRANCHISE?• Management and marketing

assistance• Personal ownership• Nationally recognized name• Financial advice and assistance• Lower failure rate• Standardized quality of goods and

services• Site selection and territorial

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ENB201

introductionTO BUSINESS

CONCEPT

WHAT ARE THE DISADVANTAGES OF FRANCHISSE?

• Large start-up costs• Shared profit• Management regulations• Coattail effects• Restrictions on selling• Fraudulent franchisers

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ENB201

introductionTO BUSINESS

CONCEPT