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The dimensions and scope of the business firm and its structure, management, and possession, broadly analyzed in the concept of the firm Typically, a smaller business is extra versatile, whereas larger businesses, or those with wider ownership or more formal buildings, will usually are usually organized as corporations or (much less usually) partnerships. In addition, a business that wishes to lift cash on a inventory market or to be owned by a wide range of people will often be required to adopt a selected authorized kind to do so.

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