Question 1
Besidesstrong relationships with groups outside the company, what else supports good businesses?
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adequateinventories
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adequatefunding
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adequate self-interest
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adequaterules and laws
Question 2
Cheers Canada operates as a partnership. What will be the effect if the partners decide to convert the business into a regular corporation?
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The transfer of ownership interests ofCheers Canada will bemore difficult.
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Cheers Canada will be subject tomoreregulations.
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Cheers Canada willfind it more difficulttoobtain the capital needed for growth.
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Cheers Canadashareholders (the ex-partners)willbe exposed tomoreliability.