Analyze the factors influencing the choi | Class 11 Business Studies Chapter Forms of Business Organisation, Forms of Business Organisation NCERT Solutions
Question: Analyze the factors influencing the choice of a business organization with examples.
Answer:
- The choice of a business organization depends on several factors, such as:
- Nature of Business: A consultancy firm might choose sole proprietorship for flexibility, while a manufacturing unit may opt for a partnership or company to pool resources.
- Scale of Operations: Small businesses require simpler structures like sole proprietorships, whereas large-scale operations need joint stock companies for substantial capital.
- Control: Entrepreneurs wanting sole decision-making prefer sole proprietorships, while partnerships and companies distribute control.
- Liability: Risk-averse individuals favor limited liability options like private companies.
- Regulatory Requirements: Businesses seeking fewer legal obligations may choose sole proprietorships or partnerships.
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Study Tips for Answering NCERT Questions:
NCERT questions are designed to test your understanding of the concepts and theories discussed in the chapter. Here are some tips to help you answer NCERT questions effectively:
- Read the question carefully and focus on the core concept being asked.
- Reference examples and data from the chapter when answering questions about Forms of Business Organisation.
- Review previous year question papers to get an idea of how such questions may be framed in exams.
- Practice answering questions within the time limit to improve your speed and accuracy.
- Discuss your answers with your teachers or peers to get feedback and improve your understanding.
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Welcome to the NCERT Solutions for Class 11 Business Studies - Chapter . This page offers a step-by-step solution to the specific question from Extra Questions, Question 8: Analyze the factors influencing the choice of a business organization with examples.....
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