BUSINESS ORGANIZATION

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

CLASSIFICATION OF BUSINESS
Nature of Operations

Industry
Agriculture
Service
Commerce

BUSINESS SIZES
CLASSIFICATION

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

MAJOR FORMS OF BUSINESS ORGANIZATION

1) Single or Sole

2) Partnership

proprietorship
Advantages :
1. Easy to organize
2. The proprietor is the boss
3. The owner all profits from his
business
Disadvantages :
1. Needs large amount of
financial resources
2. Benefits of specialization in
business management are not
present in small proprietorship
3. The owner has a limited
;iability

Advantages
1.Easy to organize
2. Better management because of
the presence of many
participants
3. Possibility of bigger resources
Disadvantages
1. Conflicts of quarrels between
or among partners
2. Lack of Stability
3. The partners are subject to
limited liability

Corporation
A contract where two or more
persons bind themselves to
contribute money, property or
industry to a common fund with
the intention of dividing the
profits among themselves

Advantages
1. Member has a limited liability
2. Has the most effective means
of raising money as capital for
its operation
Has permanent existence
Capable of getting the most
efficient management
Disadvantages
1. It is not easy to organize
2. Abuses of corporation
officials are likely to emerge
3. There is a very impersonal or
formal relationship between
officials and employees

CLASSIFICATIONS OF CORPORATIONS
1) Ownership Control
a. closed corporation
b. public corporation
c. government corporation
2) Nationality of stockholders
a. Domestic
b. Foreign
3) Corporate combinations
a. Joint venture
b. Merger
c. Holdings company

TYPE OF
MARKET
STRUCTURE

Product

No. of
sellers

No. of
buyers

Barriers
to entry
of exit
from the
industry

Relative influence
over r the price of
the product

Pure
Competition

Homogenous

Many

Many

None

Little or no influence;
price takers

Monopoly

Unique

One

Many

Very high

Absolute influence;
seller is price maker

Monopolistic
Competition

Slightly
differentiated

Many

Many

Low

Strong influence; but

usually a price taker

Oligopoly

Slightly
differentiated

Few

Many

Very high

Very strong influence;

usually a price maker
with the others

Monopsony

Usually
unique

Few

One

Very high

Absolute influence;
buyer is price maker

Oligopsony

Slightly
differentiated

Few to many

Few

Very high

Very strong influencebuyer; usually a price

maker with the others

RA 7394 :The Consumers Act of the Philippines is the policy of the

state to protect the interest of the consumer, promote his general welfare
and to establish standards of conduct for business industry.
1. The right to basic
needs, which guarantee
survival, adequate food,
clothing, shelter, health
care. Education and
sanitation to health and
life.

 2. The right to
safety, which is the
right to be
protected against
the marketing of
goods or the
provision of
services that are
hazardous to health
and life.

 3. The right to
information, which is the
right to be protected
against dishonest
misleading advertising or
labelling and the right to
be given the facts and
information needed to
make an informed choice.

 4. The right to choose,

which is the right to
choose products at
competitive prices with
an assurance of
satisfactory quality

 5. The right to representation,

which is the right to express
consumers interests in
making and execution of
government price policies.
6. The right to redress, which
is the right to be compensated
for misrepresentation, shoddy
goods or unsatisfactory
services.

 7. The right to consumer

education, which is the
right to acquire the
knowledge and skills
necessary to be an
informed customer.

 8. The right to a healthy

environment, which is
the right to live and work
in an environment that is
neither threatening nor
dangerous and, permits a
life of dignity and wellbeing.

Authentic CHANEL 2.55 Double Flap

Chain Shoulder Bag - Complete Set SOLD
Top of Form
Item# Authentic-CHANEL-255-DoubleFlap-Chain-Shoulder-Bag--Complete-256
PhP61,888.88
This item is SOLD!
Bottom of Form
Product Description
Guaranteed Authentic CHANEL 2.55 Double
Flap Chain Shoulder Bag - Complete Set
Shows minimal signs of usage. Lambskin
leather in good condition. Interior is clean.
Comes with a box, dustbag and hologram
sticker serial with matching
Authenticity/Guarantee Card.
Size: W25 H15 x D6 cm Strap:L23 cm
I do meet-ups. For other inquiries, please
call/text me at 09198179978 or
09178279978.

 STORE POLICY:
All sales are final. All payments must
be Cash on delivery or bank transfer
only. For PAYPAL purchase, I may
require a waiting period of about 5
business days or until funds have been
fully transferred into my bank account
to protect me from "online scamming
of unauthorized payments" halted by
Paypal. I don't do layaway or
installment. No Return, No exchange!
I don't do trade-ins. I only allow 3
days reservation for items on-hand.
All reserved items are considered sold.
I may demand a down payment and in
rare occasion, I also reserve the right
to cancel a reservation. Details of my
store policy may be changed without
prior notice.