Business Development
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1. In your opinion, what form of business ownership would be the most profitable and why?
2. What are the reasons you might have for starting or not starting your own business in the future?
3. What would be the biggest advantage in your opinion to having a partner in a small business?
4. What value do you think a third party such as a lawyer or accountant bring to a small business?
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Solution Summary
This solution explains reasons for growth of business. The sources used are also included in the solution.
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The form of business ownership that would be the most profitable is the corporation. This form is most profitable because of its size, its resources, and reputation. It can raise financial resources easily and at favorable terms, it has strong reputation in the market, and has credibility few can match. The corporation often develops monopoly power, which makes it the most profitable. An example is the Microsoft Corporation.
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