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Entrepreneurial Planning — Entrepreneurship STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceEntrepreneurshipEntrepreneurial Planning3 Marks
Question
Comment on selection of Forms of business organisation.
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Answer

Setting up a business is a challenging task for entrepreneurs. Enterprise conduct any type of business activity. Entrepreneur's objective is accomplished by combining various factors of production. Legal structure of business entity determines the extent of ownership and responsibility of owners.
Any form of business organisation once selected is difficult to be changed due to the complexity , cost and time consuming factors.

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