explain the criteria for the selection of the form organisation.
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kind of cell
kind of nutrition ie hetrotrophic or autotrophic
kind of nutrition ie hetrotrophic or autotrophic
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The selection of a suitable form of ownership organisation is an important entrepreneurial decision because it influences the success and growth of a business β e.g., it determines the decision of profits, the risk associated with business, and so on. As discussed earlier, the different forms of private ownership organisation differ from each other in respect of division of profit, control, risk, legal formalities, flexibility, etc.
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