To complete these pages, you will need the websites of your TWO businesses, the PowerPoint slides, and any notes you have. Replace the blue boxes with YOUR ANSWERS to complete your portfolio. Describe the products of Business 1: Cameron Balloons manufactures a wide range of items including hot-air balloons, airships, and inflatables. They are primarily known for their conventional balloons, which vary significantly in size. This range includes a small single-person envelope with a metal frame instead of a basket, as well as large envelopes used by commercial passenger operations. Cameron Balloons also considers various sizes for their products. Determine the sector in which this business operates (primary, secondary, or tertiary) and provide reasons for your answer. Additionally, identify the main goods or services it produces. Based on its activities of assembling raw materials to create a variety of hot-air balloo
...ns, such as airships and inflatables, I believe Cameron Balloons operates in the secondary sector. Explain what you think is the ultimate goal of this business.
Cameron Balloons aims to produce the best hot air balloons, following government recommended policies such as accurate labelling and considering environmental concerns in the design process. Setting aims is important for the business and its staff as it provides direction and expectations. Staff can ensure aims and objectives are being met by checking customer satisfaction and meeting expectations. Cameron Balloons may consider changing its business activities, such as expanding by acquiring more factories if balloon popularity increases, or selling existing factories if popularity decreases. Cameron Balloons is a public limited company.Don Cameron desired to have sole control over his business while also having the option to involve other shareholders. T
determine the type of ownership, I researched information online and reviewed the presentation provided by my teacher. The clue suggesting the type of ownership was the inclusion of "ltd" at the end of the company name, which typically indicates a private limited company.
What is the definition of 'liability' and what kind of liability does the owner/owners of this business have? Clarify the meaning of this type of liability. The owners only risk losing their investment, even if the company incurs significant debts. In the event of business failure, explain the consequences for individuals with an interest in the business. Also mention the official term for this type of business failure. The owners can lose their investment and potential profits. Additionally, bankruptcy may occur and necessitate the sale of factories. Why do you believe the owners selected this form of ownership for Businesses 1? Individuals opt for buying shares in public limited liability companies because they only risk losing their investment, irrespective of the company's massive debts. Here are some additional reasons why people may choose to purchase a private limited company.
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