Business/Entrepreneurship - End of Semester (20) Pt. 1

This type of business is owned by many people called stockholders.

• Sole Proprietorship
• Partnership
• Corporation
• Franchise

This type of business has a contract agreement with a parent company to sell its products/services in an area.

• Sole Proprietorship
• Partnership
• Corporation
• Franchise

Nike, Google and Apple are examples of.....

• Sole Proprietorships
• Partnerships
• Corporations
• Franchises

McDonald's and Burger King are examples of....

• Sole Proprietorships
• Partnerships
• Corporations
• Franchises

Advantages of this business type are that the owner is their own boss and gets to keep all the profits.

• Partnership
• Sole Proprietorship
• Corporation
• Franchise

Disadvantages for this type of business include: owner pays for everything, hard to get money to start from the bank, owner might lack skills & unlimited liability.

• Sole Proprietorship
• Partnership
• Corporation
• Franchise

Disadvantages of this business type include: needs a partnership agreement, partners might not get along, owners share profits.

• Sole Proprietorship
• Partnership
• Corporation
• Franchise

Advantages of this type of business include: selling stock to raise money.

• Sole Proprietorship
• Partnership
• Corporation
• Franchise

Advantages of this type of business include: easy to start, and you can rely on a good company name and expertise.

• Sole Proprietorship
• Partnership
• Corporation
• Franchise

Disadvantages of this type of business include: parent company is strict, you are limited in what you sell, and you must operate like every other franchise.

• Sole Proprietorship

• Partnership

• Corporation

• Franchise