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sparklin
TOPIC QUESTION - PAPER 1
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sparklin
March 22, 2025 at 1:56:50 PM
May/June 2022
Version 3
1.0 Understanding Business Activity
1.4 Types of Business Organization
YOUR ANSWER
Being in a partnership will allow more ideas to be invested. As a result, the partners can come up with more effective strategies to attract new customers. Private limited companies allow more capital to be invested. As a result, better machinery and resources can be bought improving efficiency .
In my opinion, being in a partnership is best for a new business as the risks are shared among the partners. Private limited companies require a lot of paper and legal work which will waste time for a new business.
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