Describe one of the types of business organization and what circumstances would make it the best organization to use.
Describe one of the types of business organization and what circumstances would make it the best organization to use.
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Question
Describe one of the types of business organization and what circumstances would
make it the best organization to use.
Expert Solution
Step 1
The type of business organization decides the strategies for raising finances, consistent in administrative work needed, individual responsibility, & duty commitments. Interesting guidelines & legitimate designs portray each type of business. Thusly, business proprietors should cautiously pick a business structure that lines up with their venture. The type of business is further dependent upon organizational setup.
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