in Hong Kon business own
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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very urgent thankyouuu!!!!
Transcribed Image Text:Mary operates a famous company in Canada, selling down jackets. She is planning to establish
branches in Hong Kong. A business consultant suggests her to operate these branches with
different business owners but in a similar way to that of Mary's shops in Canada.
Required:
(a) Identify the form of ownership suggested by the business consultant.
(b)
Apart from more sources of capital, explain two reasons why Mary should establish the
branches in the form of business ownership in (a) above instead of setting up branches in
Hong Kong on her own.
(c) Explain one measure in product development that Mary can ensure her firm is socially
responsible.
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