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. Your friend owns a kosher restaurant which means that the restaurant complies with Jewish
dietary laws. Which business strategy is your friend’s company using
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- 2. Which form of business gives the business owner the most protection from lawsuits targeting your business? a) Sole proprietorship b) Partnership c) Corporation d) FranchiseMr. Hilal and his four friends have started a business by registering their company under the Commercial registry of the Ministry of Commerce and Industry. The company is not allowed to offer shares to the public. Based on the above, which business they are running? Lifestyle business Small business Corporation Limited Liability Company7.0 an association of two or more people who co-own a business for the purpose of making profit is A sole proprietorship B Franchise C Partnership D corporation 8.0 Which of the following is not a role of entrepreneurship in socio-economic development? A creation of employment B provision of opportunities to entrepreneurs C contributing to government revenue D Providing goods and service 9.0 An enterprise is A a Physical building B A business undertaking or venture C any organization D an activity undertaken by a person 10.0 which of the following is part of the network of an entrepreneur? A Customers B Channel members C Suppliers D All of the above
- Mr Anil, Mr Babloo and Ms Chetna wish to setup an export unit registered in India exporting Fast Moving Consumer Goods to Latin American Countries. They hired you as a consultant in Company affairs. Point out the process to establishing Company, what rights and privileges this company acquires after incorporationCreate a business plan for a new venture business that sells freshly harvest fruits and vegetables to elderly and Middle age persons.Raised in Ireland, Patrick and John Collison were precocious, inquisitive youngsters who taught themselves computer coding at an early age. By the time they were teenagers, the brothers were developing iPhone apps and eventually became college dropouts after a few semesters at MIT (Patrick) and Harvard (John). During this time they started a company called Auctomatic Inc., which created an online marketplace management system for companies such as eBay, and then sold the company for $5 million in 2008. After selling the business, they continued to work on simplifying the payment process for startup businesses that use the internet to sell goods and services. As the internet entered its second decade and more and more entrepreneurs were using the web to do business, the Collisons recognized that the payment transaction process for online purchases needed an overhaul. In 2011, they opened their new company, Stripe, after testing their service and building relationships with banks,…
- When more established, well-defined private property rights are in place, externalities will be Choose one: A. less prevalent. B. more prevalent. C. not dependent on private property rights.What is the possible effect of a wrong decision on the choice of business ownership forms?45-What type of business is owned and funded by a single person who may or may not be involved in managing their own business? Sole proprietorship Corporations Partnerships Limited liability companies
- What basic legal considerations in franchising?what responsibilities does a corporation have? Is its responsibility to be construed narrowly as merely profit making? Or more broadly to include refraining from harming society and even contributing actively and directly to the public good?What are the requirements for starting a business for the following Sole Proprietorship Public Companies Partnerships Business Trust