Question

13. "The promotion of a new business enterprise is, in many ways, like the birth of a
child”. Discuss the major considerations in starting a new business enterprise.
(Delhi, 2018)
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Answer 1

Answer:

Refers to the entire process by which a company is brought into existence. It starts with the conceptualisation of the birth a a company and determination of the purpose for which it is to be formed. The persons who conceive the company and invest the initial funds are known as the promoters of the company.