Forms of Business Ownership

It is the process of running a business in order to make a profit.

• ENTREPRENEURSHIP

• ENTREPRENEUR

• BUSINESSMAN

• EMPLOYEE

He/ she founds and runs a small business, assuming all the risks and rewards of the venture.

• ENTREPRENEUR

• EMPLOYEE

• COMPANY

• ENTREPRENEURSHIP

This is a form of business ownership where two or more people act as co-owners.

• PARTNER

• PARTNERSHIP

• BUSINESS PARTNER

• COMPANY

It is a form of business ownership, where there is one owner who's responsible for the business.

• SOLE PROPRIETORSHIP

• PROPRIETORSHIP

• SOLE PREPRIOTERSHIP

• SOAL PROPREITORSHIP

It is a form of business refers to an arrangement where one person/ company grants another person/ company the right to use its trademark/ trade-name.

• CORPORATION

• COMPANY

• FRANCHISER

• FRANCHISING

Advantage: Start-up cost are low

• Sole Proprietorship

• Partnership

• Franchising

• Entrepreneurship

This refers to a person/ company that is granted a license to do business under the franchisor's trademark and trade name.

• FRANCHISOR

• PARTNER

• SOLE PROPRIETOR

• FRANCHISEE

TRUE or FALSE: A franchisor is a person/ company that grants a franchisee a license for the conducting another business branch.

• TRUE

• FALSE

Advantage: Shared responsibility

• Sole Proprietorship

• Partnership

• Franchising

• Entrepreneurship

Disadvantage: Other franchisees could give the

brand a bad reputation

• Sole Proprietorship

• Partnership

• Franchising

• Franchisee