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Can please be assisted with this Question QUESTION 1 (10 MARKS) Evelyn, who is a hairdresser by profession, agreed to combine her business with her
Can please be assisted with this Question
QUESTION 1 (10 MARKS) Evelyn, who is a hairdresser by profession, agreed to combine her business with her friend, Gabes, who owns a beautician store. Evelyn and Gabes agreed to share the profits and losses equally.Combining their businesses will enable them to have access to more resources such as capital and skills. They will also be benefit as they will be able to save on rent and share a larger client base. Required: a) Refer to the above case and determine which form of ownership will best suit the business. Substantiate your answer with a valid reason from the case provided. (2 Marks) b) Identify four (4) advantages of a partnership as a business form. (4 Marks) c) Identify four (4) disadvantages of a trust as a form of business. (4 Marks)Step by Step Solution
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