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Essay

Financing & Supporting Business Organizations

Essay specific features

 

Issue:

Business

 

Written by:

Caleb W

 

Date added:

January 23, 2017

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 591

 

Was viewed:

2257 times

 

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Essay content:

Businesses can invest in future growth by obtaining a loan, which can help improve the business by hiring more workers or buying machines or physical capital that can help increase productivity. Businesses can also invest in future growth by saving some of their profit in the bank. The first type of business organization is the sole proprietorship, which is where one individual runs the business, makes all of the decisions, and keeps all of the profit earned...
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The disadvantage of a sole proprietorship is their limited access to resources, unlimited liability, and the fact that they do not last very long. A partnership is where two or more individuals run the business, make the decisions, and share the profit which is usually more than that of a sole proprietorship, the disadvantage of being in a partnership would be personal conflict between the partners...
displayed 300 characters

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