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Business Basic Resources
1. Man
2. Money
3. Machine
4. Materials
5. Method
6. Market
7. Motivation
Reason for having business
1. Personal Satisfaction
2. Family Involvement
3. Independence and Power
4. Social Activities
5. Profit Expectation
Legal form of Business Enterprise
Ownership
Means title to or possession of the assets of the enterprise and have a power to determine the policies of the operation and the right to receive or dispose of the proceeds...
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