Research and information gathering

1.1 After deciding to open your retail business, you conduct some research into the different types of enterprises we have available in South Africa. You need to choose which type of enterprise your company would be. Briefly discuss all the forms of enterprises or legal ownerships and then choose the one most suited to your needs. Further assistance: You should supply a definition and the characteristics of each type of enterprise as well as one advantage and one disadvantage of each.

1.2 Before you can continue with starting your business, you need to understand the economy in which your business will operate. Briefly discuss the basic economic systems in which organizations operate. Then, discuss the particular type of economic system South Africa has.

1.3 Briefly discuss what the organizational environment consists of, to gain a better understanding of what elements your organization will face.

1.4 You aim to gain as much knowledge as you can about how to run a successful business. You discovered some information on how you could use emotional, spiritual, and rational intelligence to lead with purpose.

Briefly discuss what emotional, spiritual, and rational intelligence are.