Disadvantages Of French Connection

1417 Words6 Pages

FCUK FRENCH CONNECTION French connection (also branded as FCUK) is a UK- based global retailer and wholesaler of fashion clothing, accessories and home ware. It was founded in the early 1970s by Stephen a mark, who remains the chief executive; it is based in London and its parent French Connection PLC is listed on the London stock exchange. French Connection distributes its clothing and accessories through its own stores in the UK, US and Canada and through franchise and wholesale arrangements globally. The company became notorious for the use of the “FCUK” initialise in its advertising campaigns in the early 2000s. Marks introduced the French connection label in 1972 and four years later showed its first menswear collection. DIFFERENT TYPES …show more content…

The advantages of sole proprietorship is they can be started easily and the owner can make decisions independently, he also doesn’t need to share the profits earned by the organization he even can enjoy the profits himself. And the disadvantages of sole proprietorship are that this has no continuity and also its unlimited liability, and there is no legal status for the organization. Partnerships are those which are establish with a profit motive by the numbers of persons not less than two and not exceeding twenty. These organizations are carried out to an agreement. Partnerships are mostly done by professionals like accountants, lawyers, tax officers, doctors, and brokers. There are several advantages in partnerships and some of the advantages are 1. Ability to start easily 2. Ability to gain more capital 3. Ability to get services of persons with different skills 4. Distribution of risk among many And the disadvantages of them is 1. Accountability 2. Undivided and unlimited responsibility 3. Not having continuity 4. No legal …show more content…

Since these are dependent on the government for taking important policy decisions  As many of the government companies take the support of civil servants, they cannot exercise better for the efficiency of the organization because they are not technical persons.  Nearly every one of the government companies experience softness in management under the take hold of of public services. These are not treated as efficient as private units because of this state of relationships found. Government departments  Departments are under control of any politician in charge or by any higher authorities.  Each department are in charge for the money spent on the growth of the nation.  Decision making is done by the authorities in charge of each department. The main aim of government departments is to increase the development of the country in future and each department in a country is responsible for the government for the decision taken inside each department. RESPONSIBILITIES OF THE STAKEHOLDERS OF

Open Document