Answer:
Limited liability
Explanation:
<em>Limited liability</em><em> is a concept that states that in the event of loss or financial insolvency of a business the maximum amount to be lost by the owners would be restricted or limited only to the amount that they have invested in the business.</em>
<em>This concepts illustrates the fact that the business is a separate legal entity which is different from its owners.</em> <em>And therefore the assets and liabilities of the business are different form those of its owners.</em>
The concept is common with businesses which operate under the form of either <em>limited partnership or limited liability companies</em> (either private or public)
This is most likely because the brothers have a Limited liability
Answer:
Entrepreneurial management varies from managing established corporations.
Explanation:
Entrepreneurs must manage the affairs of a startup giving attention to all of the new paperwork filings (ig. Filing corporate charter, articles of incorporation, business license, dba, etc) in a timely manner while getting their new business off the ground. In addition to these tasks, the demands of managing everyday business still scream for attention.
Answer:
a person's regular occupation, profession, or trade.
Explanation:
Answer: All types of organizations can benefit from value chain analysis.
Explanation:
The goal of Value Chain analysis is to cut costs and become a more efficient firm which will ensure that the firm is in an advantageous position when going up against competitors.
It works by looking inward into the company to find out the activities that give the firm the value it has including primary and support activities and then finding ways to take advantage of these such that they have an edge over their competitors in the market.
All types of organizations can therefore benefit from this.
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