Ms Sara and her friend, Ms Sameera, decided to start a restaurant. Each of them invested 3000 OMR as a capital of the business. They signed an agreement with all the details related to the ownership and management of their business. Based on this scenario, answer the following questions: Question 1: What is the type of business discussed in the above case? Question 2: What are the advantages of the above type of business? Explain any two with suitable examples. Maximumn size for neIw files: 100MB

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter9: Decision Making Under Uncertainty
Section: Chapter Questions
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Ms Sara and her friend, Ms Sameera, decided to start a restaurant. Each of them invested 3000 OMR as a capital of the business. They
signed an agreement with all the details related to the ownership and management of their business. Based on this scenario, answer the
following questions:
Question 1: What is the type of business discussed in the above case?
Question 2: What are the advantages of the above type of business? Explain any two with suitable examples.
Maximum size for new files: 100MR
Transcribed Image Text:Ms Sara and her friend, Ms Sameera, decided to start a restaurant. Each of them invested 3000 OMR as a capital of the business. They signed an agreement with all the details related to the ownership and management of their business. Based on this scenario, answer the following questions: Question 1: What is the type of business discussed in the above case? Question 2: What are the advantages of the above type of business? Explain any two with suitable examples. Maximum size for new files: 100MR
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