For which of the following types of business do you think a partnershi

1.	For which of the following types of business do you think a partnership form of organization would be more suitable, and why?(a) Grocery store(b) Medical clinic(c) Legal consultancy(d) Craft centre(e) Internet café(f) Chartered accountancy firm
Answer» Partnership would be more suitable for (i) Medical clinic, (ii) Legal consultancy and (iii) Chartered accountancy firm since these businesses require professional services and under partnerships, the knowledge, skills and expertise of different partners would be available to the business. The partners can supervise different functions according to their areas of expertise. This leads to balanced decision making and reduced burden of running a business.

For which of the following types of business do you think a partnership form of organization would be more suitable, and why?(a) Grocery store(b) Medical clinic(c) Legal consultancy(d) Craft centre(e) Internet café(f) Chartered accountancy firm

Answer»

Partnership would be more suitable for

(i) Medical clinic,

(ii) Legal consultancy and

(iii) Chartered accountancy firm since these businesses require professional services and under partnerships, the knowledge, skills and expertise of different partners would be available to the business.

The partners can supervise different functions according to their areas of expertise. This leads to balanced decision making and reduced burden of running a business.

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For which of the following types of business do you think a partnership form of organization would be more suitable, and why?(a) Grocery store(b) Medical clinic(c) Legal consultancy(d) Craft centre(e) Internet café(f) Chartered accountancy firm

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