Consider a local business whose services you frequently use. What are the main components of this company’s business model?
Write a 400- to 500-word response in which you do the following:
- Describe the three components of the business system that comprises the local business you selected. Use Figure 1.2 on p. 11 of Introduction to Business as a reference.
- Identify the form of business organization that the business currently uses: joint-stock company, limited liability, partnership, or sole proprietorship.
- Explain the differences between your business’s form of organization and the other three forms.
Resources: Ch. 1 & 2 of Introduction to Business
Format your paper consistent with APA guidelines.
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