BUS 402 Central Georgia Technical College Business Question

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User Generated

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njfrqe9

Subject

Business Finance

Course

Bus 402

School

Central Georgia Technical College

Department

BUS

Description

Please respond to the following:

Two friends are considering launching a small company, which they believe has potential to grow into a large firm in the future. Identify three important factors they should take into consideration when selecting a form of ownership. Next, recommend one form of ownership you believe will best serve the organization now and in the future. Justify your response.
Be sure to respond to at least one of your classmates’ posts.

Tags: small business management small company considering launching scale of the business Stability of the market

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Explanation & Answer

View attached explanation and answer. Let me know if you have any questions.

Outline
Title: Business Question
I.

Question 1
A. Startup cost
1) Type of products
2) Success
3) Failing
B. Scaling
1) Business growth
2) Planning
3) Economy scale
C. Market stability
1) Finance stability
2) Resource readiness

II.

Question 2
A. Limited liability company
1) Share restrictions
2) Flexibility
3) Protection

III.

Response to Student

Running Head: BUSINESS QUESTION

1

Business Question
Student Name
Institutional Affiliation

BUSINESS QUESTION

2
Business Question

Question 1
Startup cost
The small amount of cash an entrepreneur needs to get the first income is known as a
startup cost. For a business to grow well and flourish, the type of products to set up, Cost of the
products, Availability of the market, and Effort to sell a business determine the startup cost.
From the expenses incurred, sunk-off Costs and amounts are most likely to be encountered if not
successful in the business. Therefore, getting up to know your startup cost is critical and can
...

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