4 types of Buisness
what for profit business sell phones?
apple
how many people own a sole ownership?
1
a partnership is owned by how many people?
2
what is a franchise?
is a contractual
agreement to sell a agreement to sell a
company’s products or company’s products or
services in a specific services in a specific
geographic area geographic area
what is a corporation?
Owned by many people—
stockholders, but treated by stockholders, but treated by
law as one person (can own law as one person (can own
property, pay taxes, make property, pay taxes, make
contracts)contracts)
non profit business that help sick children
st.jude
what sole ownership closely involved animal?
farms
what is a partnership that involved law
law firms
what is a franchise know for the meats?
arby
what corporation make shoes with a check symbol ?
nike
john hair was growing crazy and longer what service does he need?
barbershop
how much liability does this has?
unlimted
is it hard to start a partnership?
no its easy to start
what franchise close on sundays?
chick fill-a
who closely regulated corporations?
the goverment
what's a product business?
Sell goods to consumers and other businesses
what's another word for sole ownership?
sole proprietorship
how much liability does a partnership share
unlimited
what franchise sell taco?
taco bell
how does corporation make money?
sell stocks
what is a Combination Product and
Service ?
Some businesses are both product and
service businesses—they sell a product
and provide a service.
does the owner have to pay for everything?
yes
how much of the profit partner must share
100%
what franchise sell movies?
blockbuster
how do you start a corporation
Must obtain a corporate
charter from the state in charter from the state in
which headquarters is which headquarters is
located