A picture is worth a thousand words
Текст на Статията
- Sole proprietorship in Perfect Competition
- I'm a photographer which is identified as sole proprietorship in perfect competition. There are lots of more photographers other than me. To achieve good profit, I try to be more flexible with prices of my pictures than the others offer. But the good thing is it didn't cost me much when i started my business. I can enter or exit the market without significant barriers.
- - Kennedi Borren - Yanjin Otgogerel 02/27/24
- As i mentioned before there are a lot of more photographers other than me which makes it competitive. To be successful I work hard on the quality of my pictures and offer my clients the lowest price possible. It gives clients a chance to make choice between different prices of different marketers . They mostly attend lower prices with good quality. So i keep my business demand and supply high.
- The time after Christmas, people become mindful of their incomes. This makes a lack of demand in my business. During this time my business usually stops. Because i don't get any orders, i don't produce any products and i don't sell any.
- Sole proprietorship advantages From sources across the web, Easy to establish, Offers tax advantages No, income taxes, Full control for the owner, Increased liability, Complete Control, Easier banking, Fewer business fees, and Less paperwork
- Disadvantages of a sole proprietorship Owner liable for all debts and obligations. Unlimited personal liability. Sole responsibility for capital contributions. Difficulty securing capital investments. Higher tax rates compared to other models.
Над 30 милиона създадени разкадровки