Advantages (A) or Disadvantages (D) of a Private Enterprise:

______ Easy and inexpensive to set up.

______ Full control and decision-making authority.
______ Minimal government regulations.
______ Quick decision-making without the need for consensus.
______ Personal liability for business debts and lawsuits.
______ Limited access to capital for business expansion.
______ Potential difficulty in attracting investors.
______ No separation between personal and business assets.
______ Flexibility to adapt to market changes.
______ Privacy in business operations (no public disclosure).
______ Potential difficulty in obtaining loans or credit.
______ Personal financial risk in case of business failure.
______ Easy to dissolve the business if needed.
______ Full responsibility for all aspects of the business.