What Is the Best Franchise in Philippines?

Top Franchises in the Philippines Jollibee McDonald’s 7-Eleven Phoenix Petroleum TGP Bayad Center Understanding Franchising in the Philippines Franchising is a symbiotic business relationship where established companies license models, brands, and strategies to entrepreneurs. Franchisees receive support, including training, marketing assistance, and supplier access, crucial for success. The food and beverage industry is profitable for … Read more

What Job Does a Confectioner Do?

Function of a Confectioner A confectioner makes candies, cakes, cookies, chocolates, and other sweets. They prepare ingredients, follow recipes, use equipment like ovens and candy thermometers, decorate items, and package finished products. Working as a Confectioner The specifics of the profession can be called the fact that a confectioner has to do a significant part … Read more

What Are the 2 Types of Formal Contract?

Types of Contracts: Formal Contracts: Written agreements that are legally enforceable. Informal Contracts: Rely on spoken agreements and actions demonstrating intent. Contract Groups: Fixed Price Contracts Cost-Reimbursement Contracts Examples of Legal Contracts: Quasi-Contracts Unilateral Contracts Void Contracts Unenforceable Contracts Key Elements of a Valid Contract: Agreement and consideration Offer, terms, payment details, and performance Joint … Read more

What Happens If You Don’t File Annual Report?

Importance of Filing Annual Reports The penalties for not filing an annual report, or filing one late, can range from fines to business dissolution. Most states charge a late penalty fee for missing filings, urging prompt submission. Contents of Annual Reports An annual report includes accomplishments reflecting the organization’s mission and yearly goals. It contains … Read more