MGT 216 Study Guide - Uptodate, Sole Proprietorship, Limited Liability Company
Document Summary
To encourage you to define the opportunities and problems for new companies doing business on the internet. Let"s say that you and two partners plan to launch a new business. Using a virtual storefront on the internet, you intend to offer local delivery services for books and magazines. Customers can select books and magazines after perusing any online retailer"s listings. But rather than placing an order with that retailer, which then entails paying postage and waiting several days for delivery, customers can place their order with your local company. You will purchase the desired item from a local discounter, deliver it within two hours, and collect a full retail price from the customer. Your profit margin will be the difference between the discount price you pay and the full retail price you collect from your customers. Join with two other students and assume the role of business partners.
