In Order for a Business to Be Successful, It Must

question 83

True/False

In order for a business to be successful, it must be organised, it must satisfy needs, and it must make a profit.

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Definitions:

Legal Contracts

Agreements between two or more parties that create mutual legal obligations and are enforceable by law.

Legal Suits

Formal legal actions taken by one party against another in court, often involving disputes or claims requiring resolution.

Acts Of Owners

Decisions or actions taken by the owners of a company that affect the ownership structure or financial strategy.

Corporation

A legal entity separate from its owners, with the right to own assets, incur liabilities, and sell stock.