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businessBusinesses can do a lot to arrange for the influence of the numerous hazards they face in today’s world including pure hazards like floods, hurricanes, tornadoes, earthquakes and widespread severe sickness such because the H1N1 flu virus pandemic. The dimensions and scope of the business firm and its construction, management, and ownership, broadly analyzed in the concept of the firm Usually, a smaller business is more versatile, whereas bigger businesses, or these with wider ownership or extra formal structures, will usually tend to be organized as corporations or (much less usually) partnerships.

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