1. Many small business begin as sole proprietorships. As the business grows, however, the owner may choose to change the form of business organization, What would drive such a decision? What factors should an owner consider when choosing a form of business organization?
2.In a free market economy, consumers have the power to freely make purchase decisions. During a recession, consumers may choose to slow down or stop buying items they may have purchased regularly before. Describe how the supply and demand curves for these products would be affected by reduced consumer spending.
3.What measures have been taken to reduce international trade barriers? Describe at least two of the measures and their effects on the nations involved.
4.Strong leaders follow a conceptual roadmap to ensure their company’s success. Describe the method by which a company designs and implements a strategic plan.
5.How. are cross-functional teams used in business today? Why are they important in achieving business goals? What advantages might employees get from working Within those kinds of teams?