Question

Mark Ghermizian had quit his job and was looking to start a small business so he could be his own boss. When he read that people spend up to fifteen minutes every day staring at a bathroom stall door, he decided he would find advertisers who wanted to pay to have their advertising messages on bathroom stall doors. Since he has his idea, Ghermizian's next step is to: ___________
a) determine if he has the right personality to run a business
b) choose a form of business organization
c) create a name for his business
d) get financing for his new business
e) create prototype ads

Answer 1

The choosing of form of business organization should be the next step of Ghermizian since he already has his business idea.

What are form of business organization?

The form of business organization ranges from establishing a business in form of a sole proprietorship, partnership, corporation, Limited Liability Company etc

Hence, the next step of Ghermizian should be choosing of form of business organization.

Therefore, the Option B is the next step.

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