Corporations

A:

A business organization determines who is liable for a business and how the business pays its taxes. The most common forms of business organization are sole proprietorships, partnerships, limited liability companies and corporations. When one or more people conduct business, the state and the IRS consider the business a sole proprietorship or partnership by default, while other forms of organization require significant paperwork and legal proceedings.

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  • Who are Ikea's competitors?

    Q: Who are Ikea's competitors?

    A: Ikea's competitors include West Elm, Wayfair and Dot & Bo. Ikea is a Swedish ready-to-assemble furniture and home decor company that operates 53 stores in 43 countries as of 2014. The company's vast assortment of household offerings includes storage units, appliances, wall decor, kitchen appliances and living room furniture.
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  • How many employees does Coca-Cola have?

    Q: How many employees does Coca-Cola have?

    A: As of December 31, 2013, the Coca-Cola company stated that it had 130,600 employees working directly for the company. If Coca-Cola's bottling partners worldwide are also counted, then the total number of people working for the company is 700,000.
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  • What are the functions of financial institutions?

    Q: What are the functions of financial institutions?

    A: Financial institutions provide financing, facilitate economic transactions, issue funds, offer insurance and hold deposits for businesses and individuals. Financial institutions are private or public organizations that serve as an intermediary between savers and borrowers of funds. The two primary types of financial institutions are credit unions or depository banks and non-depository mutual funds and insurance companies. Banks and equity markets are the fundamental institutions in most financial systems.
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  • Who owns Google?

    Q: Who owns Google?

    A: Google is a publicly traded company owned by a group of shareholders. Founders of Google, Larry Page and Sergey Brin, own most of the shares of the company.
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  • Who makes Emerson electronics?

    Q: Who makes Emerson electronics?

    A: Funai Corporation owns and operates the Emerson brand. Based in Osaka, Japan, Funai has North American offices in Rutherford, N.J., and Torrance, Calif. Funai also produces brands such as Magnavox, Philips, Sylvania and Symphonic. Funai has factories in China, Hong Kong, Malaysia, South Korea and Thailand.
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  • Who makes toothpicks?

    Q: Who makes toothpicks?

    A: With an annual production of 8 billion toothpicks, Minnesota-based Diamond Brands is the only company still making toothpicks in the United States, as of 2007. China and Southeast Asian nations produce large quantities of toothpicks and ship them around the world.
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  • What is the Samsung mission statement?

    Q: What is the Samsung mission statement?

    A: As of 2014, Samsung's mission statement is "Inspire the world, create the future." As one of the leading electronics companies in the world, Samsung Electronics is characterized by new technology, creative solutions and innovative products. Its mission statement changes every decade to match the current business and technology climate.
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  • How do you start a Starbucks franchise?

    Q: How do you start a Starbucks franchise?

    A: Starbucks Corporation does not offer new franchise opportunities for its stores. However, it provides franchises for Seattle’s Best Coffee, which is a wholly owned subsidiary of Starbucks.
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  • How many employees does Subway have?

    Q: How many employees does Subway have?

    A: As of 2014, Subway had approximately 328,000 to 492,000 employees worldwide according to Entrepreneur Magazine, Among those employees, about 212,208 to 318,312 of these were Americans, 24,424 to 36,636 were from Canada and 94,736 to 142,104 were international employees.
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  • What is the difference between privatization and commercialization?

    Q: What is the difference between privatization and commercialization?

    A: In the strictest sense, privatization is the industrial assumption of functions or institutions that were formerly part of or administered by the government, whereas commercialization is the introduction of a commodity into the free market for mass consumption. An example of privatization is the growing trend of for-profit colleges. In contrast, the introduction of a new food item at a fast food restaurant is an example of commercialization.
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  • Who is the owner of Nokia?

    Q: Who is the owner of Nokia?

    A: Being a publicly traded company, the ownership of Nokia is spread across multiple shareholders from around the world. As of 2013, Nokia reports that its total number of outstanding shares is just above 3.7 billion. These shares are owned by individual, institutional and sovereign investors.
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  • What are the characteristics of a transnational company?

    Q: What are the characteristics of a transnational company?

    A: The main characteristics of a transnational company arise from the fact that it operates in two or more countries, including in its country of origin. Its business, such as sales, extraction or manufacturing, hence spans multiple countries. Its management system also focuses on a global or regional outlook.
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  • Who owns Hollister Co.?

    Q: Who owns Hollister Co.?

    A: Hollister Co. is owned by the company Abercrombie & Fitch. Hollister was founded in July 2000 and was meant to cater to a younger teenage crowd with lower prices than Abercrombie & Fitch.
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  • Who owns Aldi stores?

    Q: Who owns Aldi stores?

    A: Aldi stores are owned by a German family called the Albrecht. The family also owns the higher-end Trader Joe's grocery stores. Both stores maintain a strong and loyal following among consumers in the United States, according to research by Market Force Information.
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  • What is a commercial organization?

    Q: What is a commercial organization?

    A: A commercial organization is a group with a particular set of skills, resources or priorities in place geared toward turning a profit. The residual income left after deducting expenses is available to be distributed to employees or shareholders or reinvested back into the company at management's discretion.
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  • What is Starbucks' market share globally and in the United States?

    Q: What is Starbucks' market share globally and in the United States?

    A: Starbucks has an approximate 33 percent share of the U.S. market and a 1 percent share of the global market, according to SeekingAlpha.com. The analyst group IBISWorld confirms the national figure, putting the U.S. percent share at 32.6.
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  • Who owns eBay?

    Q: Who owns eBay?

    A: As a publicly traded company, eBay is owned by stockholders. The founder of eBay is Pierre Omidyar, who is the largest stakeholder in the company, with over 105 million shares as of February 2014. John Donahoe is eBay's CEO.
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  • How many employees does McDonald's have?

    Q: How many employees does McDonald's have?

    A: McDonald's and its franchisees employ approximately 1.9 million employees as of 2014. McDonald's has more than 35,000 locations in over 100 countries as of 2014. About 80 percent of locations are franchised.
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  • What is an LLC company?

    Q: What is an LLC company?

    A: A limited liability company, or LLC, is a legal business structure registered in a state by a single owner or multiple members. A primary motive for business owners to register an LLC is to create a separate business entity to avoid personal financial liability for business debts.
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  • Who owns the Walt Disney company?

    Q: Who owns the Walt Disney company?

    A: The Walt Disney Company is a publicly traded corporation owned by its shareholders. The Laurene Powell Jobs Trust, run by Steve Jobs' widow, is the largest stockholder, owning 7.27 percent of the shares.
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  • What is Walt Disney's vision statement?

    Q: What is Walt Disney's vision statement?

    A: Walt Disney's vision, or mission statement, is "to be one of the world's leading producers and providers of entertainment and information. Using our portfolio of brands to differentiate our content, services and consumer products, we seek to develop the most creative, innovative and profitable entertainment experiences and related products in the world," according to About.com.
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