explain what should be considered by a business owner or an entrepreneur in the choice of a suitable form of business organization ?
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- What are the different forms of business organizations? How do different organization forms impact control and access to financing? How will you decide on the appropriate organizational form for a business?Why are not-for-profit organizations different from most businesses? Are there any similarities between a goods-producing business and a not-for-profit organization?Identify and illustrate four main differences between a business model and a business plan using examples from a real-life start-up.
- What is a business planIn your own words what comes into your mind when you hear the word entrepreneur? business?The decision to behave entrepreneurially is the result of the interaction of: * The existence of a viable business idea and relevant business organization The existence of a variable business idea and irrelevant business organization The individual’s personal entrepreneurial competencies and potential The individual's personal entrepreneurial mindset and an opportunity