There are 4 main types of business organization: sole proprietorship, partnership, corporation, and Limited Liability Company, or LLC. Below, we give an explanation of each of these and how they are used in the scope of business law
Answer:
a) defines the industries in which the company operates
Explanation:
In the case when the analyst begins to analyze the company so the first thing he see the industry how it operates whether it is understanble or not after that the growth should be potential or not
So here the option a is correct as it describe the industries in which the company would operates
So the same is to be considered for the first time
Answer:
Using credit will cost Bill more money over time.
Using credit may tempt Bill to buy more than he can afford.
It is essential that business market managers recognize which prospective customer firm is having a buying orientation. The statement is correct.
<h3 /><h3>What is Business?</h3>
Business refers to the activity performed by an individual or the group of the people produce the product for selling to the prospective customer in order to earn profits.
It is very important for the business to know the customers preferences and the habits in order to sell their product. Customers satisfaction is necessary for the growth and the survival of the firms.
Customers are the ones who have to purchase the product produced by the firm. Thus is makes very critical for business managers to have the knowledge about the buying habits of the customers.
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The cost-benefit principle states that <u>costs and benefits</u> are the incentives that shape decisions.
<h3>How is the cost-benefit principle used?</h3>
According to the fundamental of economics, the cost-benefit principle states that every rational being is likely to take into consideration the cost and the benefit of one or a set of decisions before a final choice is taken.
In order words, a line of decision for example an investment should only be undertaken only if the benefits associated with the cost of such investment are at least as large or way larger than the cost.
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