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Material Type: Assignment; Class: Introduction To Business; Subject: Business; University: Solano Community College; Term: Fall 2008;
Typology: Assignments
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BUS 005 Homework #
The needs of the businessperson starting a new business are a major consideration when deciding the best form of business ownership. The kind of business being started is also important to consider when deciding to make your new business a sole proprietorship, partnership, or corporation. Look at the list of new businesses below. Indicate the form of ownership you think would be best for each business. Give the reason for your selection.
Swimming pool repair
Flower shop
Internet-based specialty store
Termite control service
Textbook publishing company
Law firm
Underwear manufacturer
BUS 005 Homework #
Child care center
To identify the most admired corporations in the U.S. and the factors Fortune magazine uses to rank these companies.
Each year Fortune magazine asks top executives, outside directors, and securities analysts to evaluate the companies in their industries on each of eight criteria. These criteria are added together to obtain an overall “admired” score. Go to the Fortune magazine Web site (www.fortune.com) and identify the Fortune most admired corporations for the current year. (Sometimes the web address for a location changes. You might need to search to find the exact location mentioned.)
BUS 005 Homework #
SWOT analysis, the key tool in the strategic planning process, can also be applied to career planning. A SWOT analysis focuses on the internal and external environments, examining strengths and weaknesses in the internal environment and opportunities and threats in the external environment.
Use Figure 7.3, “SWOT Matrix,” presented on text page 187 and conduct an analysis of your career planning. (SWOT diagrams are also available at numerous We sites such as www.quintcareers.com/SWOT_analysis.html.)