BUSINESS ADMINISTRATION
ENTREPRENEURIAL DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Shoestring Budget
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Labour intensive
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Non Community-based
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Indigenous technology
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Detailed explanation-1: -There are 4 main types of business organization: sole proprietorship, partnership, corporation, and Limited Liability Company, or LLC.
Detailed explanation-2: -Small businesses are independently owned organisations that require less capital and less workforce and less or no machinery. These businesses are ideally suited to operate on a small scale to serve a local community and to provide profits to the company owners.
Detailed explanation-3: -Detailed Solution. Low average spends per customer is not a characteristic of the business-to-business arena.
Detailed explanation-4: -Small businesses can choose to organize as a sole proprietorship, partnership, corporation, S corporation or limited liability company.