What is business?Explain the different forms of business organization?

Answers (1)

Business is an economic system in which goods and services are exchanged for one another or money, on the basis of their perceived worth. Every business requires some form of investment and a sufficient number of customers to whom its output can be sold at profit on a consistent basis. This are the different forms of business organization: SOLE PROPRIETORSHIPS, GENERAL PARTNERSHIPS, LIMITED LIABILITY COMPANY,CORPORATIONS.

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