My views on Factors that control a choice of business, I belive they are 3 basics; land, labour and capital. Raw materials may fall in land due to accebility to tha minerals required. A business cannot be sustaind let alone start without capital, which is used to both acquire raw materials as wel as pay for labour. Skilled labour is also scarse hence may detaroriate ones business. Land required to set up the work station is always the first asset in the list. I hope that answers the question.
A business enterprise can be owned and organized in several forms. Each form of organization has its own merits and demerits. The ultimate choice of the form of business depends upon the balancing of the advantages and disadvantages of the various forms of business. The right choice of the form of the business is very crucial because it determines the power, control, risk and responsibility of the entrepreneur as well as the division of profits and losses. Being a long term commitment, the choice of the form of business should be made after considerable thought and deliberation. The choice of the form of business is governed by several interrelated and interdependent factors. Sole Proprietorship Partnership Corporation
The main two factors to be consider are the capital or labor. which may easily available and less expensive will have to be chosen.
the choice of particular business
The owner owns the business. Him and other superiors can control the business. Whoever the owner approves of can control the business.
Various factors can affect the globalization of a business. For example, cultural factors may affect how viable a product is in a certain location.
-Age -Need for finance -Size -Limited liability -Degree of control -Nature of business
Five factors that can influence the choice of for of business ownership?
technological factors,economic factors and social cultural factor
Various factors can affect if someone chooses to use a business or not. For example, the location and the price.
A business enterprise can be owned and organized in several forms. Each form of organization has its own merits and demerits. The ultimate choice of the form of business depends upon the balancing of the advantages and disadvantages of the various forms of business. The right choice of the form of the business is very crucial because it determines the power, control, risk and responsibility of the entrepreneur as well as the division of profits and losses. Being a long term commitment, the choice of the form of business should be made after considerable thought and deliberation. The choice of the form of business is governed by several interrelated and interdependent factors. Sole Proprietorship Partnership Corporation
Size of the business
The main two factors to be consider are the capital or labor. which may easily available and less expensive will have to be chosen.
The structure of a business affects the span of control. The reporting hierarchy affects the span of control within an organization.
the choice of particular business
legal requirementsliability and accountabilitycontinuity and transfer of ownership of the businessmanagement participationprofit sharing
What are the factors that determine the choice of appropriate statistical technique What are the factors that determine the choice of appropriate statistical technique What are the factors that determine the choice of appropriate statistical technique
These are the factors within the organisation that you have control over such as suppliers, staff etc