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Unformatted text preview: : The sales forecast requires that the entrepreneur demonstrate an understanding of the market, the strengths and weaknesses of existing firms, and the means by which the new venture will compete. Partnerships Advantages o Easy to form o Different Management Disadvantages o Unlimited Financial Liability o Interpersonal Conflicts Corporations o Advantages o Liability o Specialized Management o Disadvantages o Difficult to Form o Tax Disadvantage...
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- Spring '08