A group of eight people decided to make a company and hence approached Foresight Business Consultants, a professional unit for seeking appropriate advice. This company helped them in identifying the different business opportunities and suggested to set up a mobile manufacturing company. Before converting this business opportunity into a real project, Foresight Business Consultants made certain arrangements for conducting technical and financial and economical surveys. For this they took the help of specialists like professional accountants, lawyers and engineers.
On the basis of the given information about, answer the following questions:
(a) What are these group of eight people called as? (b) Identify and explain the functions performed by them in aforesaid situation for
formation of the company
Answers
Answer:
A group of eight people decided to make a company and hence approached Foresight Business Consultants, a professional unit for seeking appropriate advice. This company helped them in identifying the different business opportunities and suggested to set up a mobile manufacturing company. Before converting this business opportunity into a real project, Foresight Business Consultants made certain arrangements for conducting technical and financial and economical surveys. For this they took the help of specialists like professional accountants, lawyers and engineers.
On the basis of the given information about, answer the following questions:
(a) What are these group of eight people called as? (b) Identify and explain the functions performed by them in aforesaid situation for
formation of the company
HOPE I WILL HELF YOU
Answer:
a = board of directors
b= formation of a company