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Edvin Antonio Taracena Hernndez 200819295P Technical English 4 Otto Cuellar

JOIN VENTURE

A joint venture (JV) is a business agreement in which parties agree to develop, fora finite time, a new entity and new assets by contributing equity. They exercisecontrol over the enterprise and consequently share revenues, expenses and assets.There are other types of companies such as JV limited by guarantee, joint ventureslimited by guarantee with partners holding shares.

In European law, the term 'joint-venture' (or joint undertaking) is an elusive legalconcept, better defined under the rules of company law. In France, the term 'joint

venture' is variously translated as 'association d'entreprises', 'entreprise conjointe','coentreprise' or 'entreprise commune'. But generally, the term societe anonyme looselycovers all foreign collaborations. In Germany, 'joint venture' is better representedas a 'combination of companies' (Konzern).[1]

With individuals, when two or more persons come together to form a temporarypartnership for the purpose of carrying out a particular project, such partnershipcan also be called a joint venture where the parties are "co-venturers".

The venture can be for one specific project only - when the JV is referred to morecorrectly as a consortium (as the building of the Channel Tunnel) - or a continuingbusiness relationship. The consortium JV (also known as a cooperative agreement)is formed where one party seeks technological expertise or technical servicearrangements, franchise and brand use agreements, management contracts, rentalagreements, for one-time contracts. The JV is dissolved when that goal is reached.Some major joint ventures include Dow Corning, MillerCoors, SonyEricsson, Penske Truck Leasing, Norampac, and Owens-Corning.

A joint venture takes place when two parties come together to take on one project.In a joint venture, both parties are equally invested in the project in terms ofmoney, time, and effort to build on the original concept. While joint ventures are

generally small projects, major corporations also use this method in order todiversify. A joint venture can ensure the success of smaller projects for those thatare just starting in the business world or for established corporations. Since the costof starting new projects is generally high, a joint venture allows both parties toshare the burden of the project, as well as the resulting profits.

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Since money is involved in a joint venture, it is necessary to have a strategic plan inplace. In short, both parties must be committed to focusing on the future of thepartnership, rather than just the immediate returns. Ultimately, short term andlong term successes are both important. In order to achieve this success, honesty,integrity, and communication within the joint venture are necessary.

SUPPLIERS

Suppliers are individuals or businesses that provide goods or services to vendorsin return for the agreed upon compensation. As such, suppliers do not generallyinteract with consumers directly, leaving that task to vendors or shop owners. It isnot unusual for a supplier to provide volume discounts to vendors when theyagree to sign long-term contracts or place orders for large quantities.

There are suppliers found in just about any type of profession that can be

imagined. Wholesale suppliers are very common in the retail industry, where theyare likely to manufacture and deliver large quantities of products to their client.Supply companies also work in niche markets as well, such as importing andexporting packaged foods, ethnic or cultural goods, or any other range of productsthat have a small but reliable demand. In general, exporters of this type will handleall the details for shipment and delivery to the vendor, and include the associatedcosts in the final charges issued to the client.

One of the main strategies of suppliers is the creation of volume discounts forvendors who place orders for large quantities of a specific good or service. In many

cases, the discounts are structured as tiered pricing. That is, the supplier willcharge a fixed price per unit if the order is for up to a thousand units, but offer aspecific discount if the order is for between 1001 and 2000 units. A higher tierdiscount is applied if the order is between 2001 and 3000 units, followed by aneven higher discount if the order is in the 3001 to 4000 unit range, and so on.

Some suppliers choose to make the discount a little simpler by applying a fixeddiscount that applies to any order quantity over a certain number of units.Other suppliers prefer to go with discounts issued to customers who are willing toenter into contracts that feature a duration of two to five years and commit thevendor to order a minimum number of units between the beginning date andending date specified on the contract. Should the vendor fail to purchase thatminimum number of units during the life of the contract, the supplier has theoption of going back and charging penalties of some type.

Suppliers rarely rely simply on competitive pricing in order to secure steadyclients. Along with price, they also tend to strive for quality, an attractive range of

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goods and services, quick response to customer queries, and timely delivery of theproducts once the order is placed.

IT (INFORMATION TECHNOLOGY)

Information technology (IT) is the applicationof computers and telecommunications equipment to store, retrieve, transmit andmanipulate data,[1]often in the context of a business or other enterprise.[2]The termis commonly used as a synonym for computers and computer networks, but it alsoencompasses other information distribution technologies such as television andtelephones. Several industries are associated with information technology, suchas computer hardware, software, electronics, semiconductors, internet, telecomequipment, e-commerce and computer services.

In a business context, the Information Technology Association of America has

defined information technology as "the study, design, development, application,implementation, support or management of computer-based informationsystems". The responsibilities of those working in the field include networkadministration, software development and installation, and the planning andmanagement of an organizations technology life cycle, by which hardware andsoftware is maintained, upgraded, and replaced.

Humans have been storing, retrieving, manipulating and communicatinginformation since the Sumerians in Mesopotamia developed writing in about3000 BC, but the term "information technology" in its modern sense first appeared

in a 1958 article published in theHarvard Business Review; authors Harold J. Leavittand Thomas L. Whisler commented that "the new technology does not yet have asingle established name. We shall call it information technology (IT)." Based on thestorage and processing technologies employed, it is possible to distinguish fourdistinct phases of IT development: pre-mechanical (3000 BC 1450 AD),mechanical (14501840), electromechanical (18401940) and electronic (1940present). This article focuses on the most recent period (electronic), which began inabout 1940.

The business value of information technology is to automate business processes,

provide information for decision making, connect business with their customers,and provide productivity tools to increase efficiency.

MOBILE DEVICE

A mobile device (also known as a handheld device, handheld computer orsimply handheld) is a small, hand-held computing device, typically having a

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display screen with touchinput and/or a miniature keyboard and weighing lessthan 2 pounds (0.91 kg). Apple, HTC, LG, Research in Motion (RIM) and Motorolaare just a few examples of the many manufacturers that produce these types ofdevices.A handheld computing device has an operating system (OS), and can run various

types of application software, known as apps. Most hand held devices can also beequipped with WI-FI, Bluetooth and GPS capabilities that can allow connections tothe Internet and other Bluetooth capable devices such as an automobile or amicrophone headset. A camera or media player feature for video or music files canalso be typically found on these devices along with a stable battery power sourcesuch as a lithium battery.Early pocket sized ones were joined in the late 2000s by larger but otherwisesimilar tablet computers. As in a personal digital assistant (PDA), the input andoutput are often combined into a touch-screen interface.Smartphones and PDAs are popular amongst those who wish to use some of the

powers of a conventional computer in environments where carrying one wouldnot be practical.Enterprise digital assistants can further extend the availablefunctionality for the business user by offering integrated data capture deviceslike barcode, RFID and smart cardreaders.

DISNEY + HP

Fantasy meets technology:

In 1938, Disney purchased eight oscillators from HP founders Bill Hewlett and DavePackard for use in the sound design of Fantasia. Since this collaboration, Disney hasrelied on HP technology for projects ranging from feature film development to awireless translation device for hearing-impaired and non-English-speaking park

guests.

A new challenge arises:

alt Disney Imagineers came up with a unique concept: an attraction that allowedvisitors to experience the thrill of space flight. They had a dream of combining thetechnology of an aerospace training simulator with classic Disney storytelling tocreate an experience that accurately replicated the thrill of traveling through space.

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The collaboration takes off:

As the computing power behind NASA's Mission Control, HP was the perfecttechnology provider for Mission: SPACE. HP engineers and Walt Disney Imagineersrelied on HP IT architecture, workstations and servers in creating the most

technologically advanced attraction in Disney's history.Mission: SUCCESSFUL

Now open at Epcot at Walt Disney World Resort, Mission: SPACE is perhaps themost thrilling attraction ever created. Even real astronauts who've experienced it areimpressed by its accuracy. It's definitive proof that when creativity meets technology,truly everything is possible.