How can small businesses compete with big businesses that sell similar goods and services?
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- Which form of business is generally most costly to set up but offers the most personal protection? a) Sole proprietorship b) Partnership c) Corporation d) FranchiseWhat are the key considerations for entrepreneurs when choosing between different types of business ownership, such as sole proprietorship, partnership, and corporation, and how do these choices impact various aspects of management?How can young, budding entrepreneurs compete with older, more experienced entrepreneurs? Is it enough to have a novel business idea? Explain your answer.
- 1. Can someone who works within an existing organization that they don’t own be considered an entrepreneur if they start an innovative venture for their organization? 2. Can a venture be considered to be entrepreneurial if it is a not-for-profit, or should only for-profit businesses be considered entrepreneurial?Why most large businesses are organized as corporations?How can small businesses make best use of technology?