• Characteristics of Partnership • Kinds of Partnership • Kinds of Partners
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- Define partnership with appropriate examples. Briefly explain three main characteristics of a partnership business?What is partnership? And give examples. What are some advantages and disadvantages of it? What are the 4 types of partnership?Explain the circumstances where it would be preferable to use the partnership as a form of business organization. What are the risks?
- ● What is the definition of Partnership? ● What are the advantages of Partnership? ● What are the disadvantages of Partnership?Forming a partnership enables entrepreneurs to combine their skills and knowledge. What is another perk of a partnership? a) It offers the most entrepreneurial protection. b) There is someone to share the business debts with. c) There is a lot of government control involved. d) Employment laws need not be followed.Name the two types of partnership? List at least two advantages and disadvantages of a partnership
- In terms of partnership, what problems could arise?No plagiarism Please! 8. Explain the characteristics of sole proprietorships, analyze the advantages and disadvantages of organizing a business as a sole proprietorship, Explain the characteristics of partnerships analyze the advantages and disadvantages of partnerships. Compare and contrast the three forms of business organization.(Business Ownership questiion ) What are the responsibilities and obligations of partners in a partnership form of business ?
- What are the similarities and differences between a private corporation and a cooperative?Why does a partnership require a partnership agreement? ➢ Identify some of the critical features of a partnership agreement.1. Ask yourself and list down what qualities do you want from a business partners, and then identify people who have these qualities to be a partner for a small business project. 2. Answer the following: What market - product can be converted into business opportunity? What role will each of the partners play (who to do buying, who to do marketing, who to do selling, who to do delivery, etc.)? Who among you shall be the head of the partnership? Why? How will profit be split? What are sales goals weekly for the next four weeks? 3. Who among the successful entrepreneurs you know can be your mentor? Why?