Explain your understanding of how business goals are influenced by the form of organization and ownership.

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Finance

Explain your understanding of how business goals are influencedby the form of organization and ownership.

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Business goals are the target that the business tries to achieve over the period of time Now these goals will vary depending on the type of organisation it is Firstly there are mainly three types of organisation forms Sole proprietor and partnership and a corporation or company Sole proprietorship is where there is one owner and he makes all the decisions of the business and they dont have to depend on anyones decision for that business They take all the responsibility and risk of that business along with all the earnings of the business The business is totally dependent on that person and any absence of them will affect the business a lot Partnership is where the See Answer

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