Partnership business structure A partnership type of business is a form of business structure that results when two or more persons engage in business activity

Partnership business structure A partnership type of business is a form of business structure that results when two or more persons engage in business activity. The business partners are the business co-owners, with their partnership signed and memorialized legally or just by a simple handshake agreement. The various forms of partnership have different legal advantages ranging from the simplicity of operation and organization to the partners' flexibility. For example, there is a given degree of liability protection in a limited liability type of partnership. The advantages of partnership business structure include; • It is easy and less expensive to start a partnership business structure. • It requires few formalities to operationalize. • As compared to corporations, in partnership, you do not need to pay minimum taxes. The disadvantages of this type of business structure include; • When the company experiences losses or bad debts, all the partners are liable unless it is a limited liability partnership. • Disputes may arise in cases where there is no legal note binding the partners or when the partnership is poorly organized. • Business partners always carry the misconduct or success of another. Company name: The Got Writers Group Position: Computer and Information Research Scientist Job description: the personnel is tasked with duties like inventing and designing new approaches that can be used to identify innovative technologies that are applied within the business. Qualifications include an undergraduate degree in computer science or any related field. Salary ranging from $70,000. References U.S BUREAU OF LABOR STATISTICS (2021, April 9, Friday). Computer and Information Technology Occupations. OCCUPATIONAL OUTLOOK HANDBOOK. https://www.bls.gov/ooh/computer-and-information-technology/home.htm Michael Spadaccini (2009, March, 9). The Basics of Business Structure. https://www.entrepreneur.com/article/200516 CSS150: Strategies in Service Operations - Capstone Project Part 2 Supply and Demand Operations comes from the Latin word opus, which means “work.” Operations management is about helping people do their work. But it is also about helping people to improve the way that they work by overcoming the inefficiencies that they face. Your assignment for Capstone Project 2 consists of articulating the key operation decisions a firm needs to make to match supply with demand. A firm or company needs to make a number of operational decisions. Description for Capstone Project Part 2: Part 1 Using the company/organization you described in Capstone Project Part 1, answer the following questions: a. What is the product/service that your company provides? b. Who are the customers? c. How much do you charge customers for your products/services? d. How efficiently are the products/services delivered? e. Where and when will the demand be fulfilled? Part 2 Identify the drivers of customer utility within the organization/company. In your own WORDS, describe each of the following as it relates to customer utility: a. Summarize performance and fit as components of consumption utility. b. The third and final component of the customer’s utility function is the inconvenience of obtaining the product or receiving the service. Economists often refer to this component as transaction costs. Explain the subcomponents of location and timing. Submit your answer in 3 paragraphs to Capstone Project Part 2 in Moodle.