Read the directlon please: Essay Type wrlte your answer in an essay form.

15
points for corects answer. Write at least 50 words per topics

1. Explain the purpose of emerge in the business, and gve example?

Answer:
From my perspective, it is also meant by collaboration with other
businesses wherein you both could help each other by marketing each other.
It is really important and emerging with other bits of help with encouraging
with the innovation, boosts productivity, and boosts employee satisfaction.
Collaboration may be a distinct differentiator for your company provided
you have the correct mentality and processes in place. The aforementioned
results demonstrate that workplace collaboration is a major contributor to
overall corporate performance.
Example: Sole proprietorship, Partnership, Limited liability company,
Corporation, ooperative

2. Explain the business entity in large business, and example?

Answer:
From my perspective the form of incorporation for a business is
referred to as a business entity. Corporations and limited liability firms are
two typical types of legal entities. When a company incorporates, the law
recognizes it as a separate legal entity with its own set of rights and benefits,
including the ability to execute contracts and acquire property. In its most
basic form, a business entity is an organization formed by one or more
people to do business, trade, or participate in similar activities. There are
many different sorts of business entities—sole proprietorships, partnerships,
limited liability companies, corporations, and so on—and the entity type of a
company determines both its structure and how it is taxed. The decision will
also have serious legal and financial consequences for your company. The
 amount of taxes you must pay, as well as the simplicity with which you can
obtain a small company loan or raise funds from investors, is determined by
the company entity you choose. Furthermore, your risk exposure is
determined by the structure of your business company if you are accused.

3. Why innovation is important in the business to become effiiencies?

Answer:
A company's ability to enhance processes, bring new and improved
products and services to market, boost efficiency, and, most crucially, boost
profitability depends on its capacity to successfully exploit new ideas.
 improving or replacing business processes to increase efficiency and
productivity, or to enable the business to extend the range or quality
of existing products and/or services
 developing entirely new and improved products and services - often to
meet rapidly changing customer or consumer demands or needs
 adding value to existing products, services or markets to differentiate
the business from its competitors and increase the perceived value to
the customers and markets

4. Why innovation is important in technological changes in business, explain

and give example?

Answer:
In today's corporate environment, modern organizations thrive
and flourish for a variety of reasons. Some companies are renowned
for their products, while others are known for their services, and yet
others are known for less clearly defined characteristics like strong
brand loyalty or captivating marketing campaigns. The world around
us is always changing, and your business will eventually need to adapt
to meet these new realities in order to be relevant and profitable.
S. Whats the different between the sole proprietorship and partnership, and what
govemment agency to be registered on that kind of business?

Answer:

Sole proprietorships and partnerships are conventional company structures

that are straightforward to establish and maintain for their owners. The number of
owners is the key distinction between the two. You are the single owner of a sole
proprietorship (in some states, your spouse may be a co-owner). You will work
with at least one co-owner when you form a partnership. When it comes to
business licenses and name registrations, sole proprietorships and partnerships
have the same duties. You are still responsible for various business licenses and
permits even if you don't file formation paperwork with the state to form a sole
proprietorship or a partnership. All businesses must get a local license or
permission in some towns and counties.