Understanding Business
Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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Question

On employment practices in family firms: discuss the competing views about whether family firms are great places to work.

 

Expert Solution
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Introduction

The business structure proposes various ownership structure to establish business activities. These are known as sole proprietorship, partnership, co-operation firm, corporates and family business. 

Ownership structure defines the process of performing legal responsibility and taking ownership in profits of the business. It also guides the level of authority the owner haa on its business operations and success.

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