Unit 41, unit 38 Coursework Example | Topics and Well Written Essays - 10000 words

Unit 41, unit 38 - Coursework Example Partnership is a type of business entity which is owned and run by two or more individuals, with their personal skills, resources, and money. Also, they share the profit and loss in accordance with stated terms of the partnership agreement. It has limited liability, therefore means if the accompany is in debt or obligation, the shareholders will not be liable for any debts of the company, other than for the value of their investment in that company. A Private Limited Company, also known as the LTD is a type of business entity which offers limited liability for its shareholders. Therefore if the company is in debt, it will only cost it’s investment to pay off the debt and the shareholders will not be liable for any obligation. A Public Limited Company, also known as the PLC is a type of business entity which offers their stock to be able to buy and sell by anyone on a stock exchange. It has unlimited liability, therefore means if the company is in debt or obligation, the shareholders will be liable for the debt and it will extend beyond the investment of the business’s owner to their personal asset. Apple Inc. is an American multinational cooperation that designs, develop, and sells consumers electronics. It belongs to the public sector and is driven by profit from the electronic items that they sell to the public. Apple also consists of a large number of shareholders worldwide, who invest a large amount of money from which they expect a profit. The main attraction to Apple and the way it leads to its success is that they are able to allocate the trend of people’s needs in this modern world, and being able to refurbish existing items such as an ordinary mobile phone into a brand new smart phone with niche function (IPhone). Throughout their development on their products, they have successfully created a niche market of their own and outrun their