GBS151 – Introduction to Business
Assessment Assignment 1
Student Name & Section #
READ this, then delete it: Items in the brackets [] should be replaced with the proper information. This report should be 2 to 4 pages and needs a list of sources at the end (source page not counted in the 2-page minimum) You can include small images/pictures/graphs to this report to make your point but the images cannot account for majority of the length of the report – your writing should account for the majority of the length of the report.
[Company Name – the firm you selected] Economic & Business Structure Comparison
Business Structure of [Company name – the firm you selected]
[Define the business structure (corporation, partnership, sole proprietorship) of your selected business, and the advantages/disadvantages of it. Provide clear examples.]
Competitor [X] Business Structure
[The competitor can be for the entire business or just one product your business sells. Example: Dell does computer repair, so pick a local computer repair shop that is not an S Corporation. Define the business structure (corporation, partnership, sole proprietorship) of the competitor, and the advantages/disadvantages of it. Provide clear examples.]
The “Why” of Business Structure Choice
[Provide reasons why (and examples) you believe the competitor has not incorporated in the same way as your selected firm.]
Describe the US Economic System
[Include the advantage/disadvantages of US Economic System and what state your selected firm is incorporated in and possible reasons your firm chose that state to incorporate in.]
Describe Another Economic System [X (your selected firm)] Operates in
[Include the advantage/disadvantages of the other Economic System (socialism or communism) and include any specific challenges your firm has encountered operating in the different economic system.]
The “Why” of Economic System Choice
[Provide reasons why you believe your firm is willing to expand their business into other types of economic systems or why it has not if it only operate in the US.]