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3 years ago

If you were to start a business, which ownership form would you choose? What factors might affect your choice?

Business

1 answer:

Ivenika [448]3 years ago

8 0

Answer:

If I were to start a business, I will choose Sole Proprietorship.

Explanation:

Reasons why I will choose Sole Proprietorship

* I will be the sole owner and responsible for my business.

* All profits (and loss) will belong to me, means the more I work harder, the more return I (alone) will get.

* I can make all the decisions by myself, without the interference of any other person.

* I can expand my business as per my convenience and hard work, if I succeed I can eat all the fruits myself.

* I can grow my business as much I want.

* No one will be my boss, I will be setting my own working hours and work load etc.

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An ever-expanding variety of goods and services are in demand by consumers all around the world. given the importance of world t

Vlada [557]

An ever-expanding variety of goods and services are in demand by consumers all around the world. given the importance of world trade, countries are inclined to attempt to control the trade for their own benefit.

The General Agreement on Tariffs and Trade is now administered by the World Trade Organization. The International Court of Justice is composed exclusively of U.S. judges. The Dispute Settlement Body of the World Trade Organization (DSB) is a bona fide court.

International trade allows countries to expand their markets and gain access to goods and services that were not available domestically. World trade has made the market more competitive. This ultimately leads to more competitive pricing and consumers get cheaper products.

Learn more about world trade at

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2 years ago

Free 50 pts and Brainliest! ;D

IgorC [24]

Answer:

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3 years ago

Read 2 more answers

The geographic principle under which particular peoples and particular places concentrate on the production of particular goods

natita [175]

Answer: local functional specialization

Explanation:

The geographic principle under which particular peoples and particular places concentrate on the production of particular goods is known as local functional specialization.

Local Functional Specialization was actually Europe's economic hallmark which spread to many parts of the world later whereby some specific people in some certain places would concentrate on production of certain goods and services.

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3 years ago

Duluth Co. collected a $6,000 cash advance from a customer on November 1, Year 1 for services to be provided over a six-month pe

Vladimir [108]

Answer:

c. Decrease liabilities and increase revenues

Explanation:

The correct adjusting journal entry which shall be recorded by the Duluth Co. in accounts in respect of advance income as as at December 31, is given below:

Debit Credit

Advance income(Liability) $2,000

($6,000/6*2)

Revenue $2,000

Since the liability has been debited in the above mentioned journal entry, which mean that it has been decreased and the revenue has been credited, which means that it has been increased.

So based on the above discussion, the answer is c. Decrease liabilities and increase revenues

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3 years ago

The term ________ refers to a company's efforts to reach distribution channels and target customers through communications such

amm1812

Answer:

A)social marketing

Explanation:

Social marketing involves all the activities a company does in order to reach more clients.

Activities such as relations, marketing through social media, personal selling (through the use of personal connections), direct marketing, etc.

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3 years ago