BuyFind

Foundations of Business (MindTap C...

6th Edition
William M. Pride + 2 others
Publisher: Cengage Learning
ISBN: 9781337386920
BuyFind

Foundations of Business (MindTap C...

6th Edition
William M. Pride + 2 others
Publisher: Cengage Learning
ISBN: 9781337386920

Solutions

Chapter 4, Problem 1DQ
Textbook Problem

If you were to start a business, which ownership from would you choose? What factors might affect your choice?

Expert Solution
Summary Introduction

To determine: The ownership form to be chosen if a new business is started and the factors affect them.

Introduction: The term business is defined as the planned exertion of people to manufacture and trade, for revenues, the goods and services that fulfill the requirements of the people. A business must be designed in such a way that it is managed efficiently, gratify the needs and should make profits.

Explanation of Solution

The ownership forms to be chosen if a new business is started and the factors affect them are as follows:

The issue of accessibility of financing versus money related need positively influences the decision of possession frame. Likewise, the business being referred to may require the protection of risk assurance managed the corporate type of proprietorship, as on account of mining, business medications and more.

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Chapter 4 Solutions

Foundations of Business (MindTap Course List)

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