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Assume That You Are Starting a Business

question 11

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Assume that you are starting a business.Further assume that the business is expected to grow very quickly and a great deal of capital will be needed soon.What type of business organisation would you choose?


Definitions:

Supplier Processes

The procedures and activities undertaken by suppliers to deliver products or services to their customers, including production, quality control, and distribution.

Cost Reduction

The process of cutting expenses to improve profitability without compromising the quality of products or services.

Effectiveness

The ability of an entity or process to achieve its goals or intended results with a minimal amount of waste, expense, or unnecessary effort.

Customer Satisfaction

The measure of how products or services provided by a company meet or exceed the expectations of its customers.

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