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Which of the following is a disadvantage to choosing a sole proprietorship business structure? The owner has personal responsibility for the company's liabilities.
A sole proprietorship is the simplest business form that can be operated. A sole proprietorship is owned by one individual and they are responsible for all of the debts the company has. The business is ran by one person and there is no distinction between the person and the business, both fall under the same number (social security number) when filing taxes.
Answer:
Gravity models are used to find location that minimizes the cost of transporting raw material from the supplier and finished goods to the markets served. This model also assumes that the transportation cost grows linearly with the quantity shipped.
Explanation:
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Answer:
- Forecasting
Explanation:
Forecasting is a technique used by businesses to determine how much of a good to produce. Companies rely heavily on past sales volumes to forecast future productions. Apart from past sales, firms also consider trends in the industry and the countries economic status.
Forecasting is also known as projecting as it involves a rational way of predicting future productions.
Answer: Option (A) is correct.
Explanation:
Outsourcing is known as the agreement under which one organization hires or employee another organization in order to be responsible existing or for a planned activity that tends to be done internally, and at times involves transferring workers and assets from an organization to another.
Inshoring is referred to as the opposite of Offshoring. It is known as the process or method of moving an organization or its business operation from abroad to a local country. It is also referred to as outsourcing of workers domestically.
