Elaborate and Discuss; 1. The different between Conventional Entrepreneurship vs Digital Entrepreneurship. 2. Business organization types...

Elaborate and Discuss;

1. The different between Conventional Entrepreneurship vs Digital Entrepreneurship.

2. Business organization types available for entrepreneur in Malaysia

Expert Solution

Answer 1. Difference betweenConventional Entrepreneurship vs Digital Entrepreneurship.

Digital entrepreneurship have less over head cost because they do not have much physical sites. Conventional entrepreneurship has high overhead costs.
Digital entrepreneurship deals with online medium of exchange of goods and services, conventional entrepreneurship deals with direct contact with customs to exchange goods and services.
Digital entrepreneurship focus on building attract website, conventional entrepreneurship focus on building attractive physical outlets.

Answer2. Types of business organisation available in Malaysia:

Sole proprietorship: this type of business is owned by a single individual and his liability is unlimited.
Partnership: there are more than one partners in this businesses. All the partners have unlimited liability.
Limited liability partnership: this type is business is seperate from its partners. It has a separate legal identity in the law.
Private limited company: the company in this type of organisation is considered as a legal person. Investors in this type of company is only responsible for the amount they have invested in the company.
Public limited company: it's is governed by the Government of the country and is similar to private limited company. It should have minimum of 2 members and there is no limit for maximum number of members.

Rahul Sunny answered 2 years ago

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