Sole Proprietorship
The number of owners and controllers of a Sole Proprietorship.
What is one (1)
The amount of people who agree on sharing responsibility and profits
What is 2 or more
Those who own a share of the company
What is stock or stock holders
Pays fees to the franchiser
What is a Franchisee
Created an album named "Views".
Who is Drake
The most or least popular business structure?
What is the MOST popular. (70% of all businesses)
Partners share equally in both responsibility and liability.
What is general partnership
Those who manage of large cooperation
Who are CEOs, Executive boards
This fast-food giant, known for its golden arches, is one of the most famous franchise businesses in the world.
What is McDonald's
The most famous music award show.
What is the Grammys
A financial obligation or debt that a business or individual owes to another party.
What is liability
One partner required to to have unlimited personal liability for the firm. The other partner is "silent".
What is a limited partnership
The combination of two or more firms competing in same market with same good or service
What are Horizontal Mergers
Fees that must be paid for using certain logos
What are royalties
Known as the "King of Pop".
Michael Jackson
A small amount of affordable paperwork for start up.
What is an advantage of an SP.
This type of partnership provides liability protection for all partners, commonly used by professionals like lawyers and doctors.
What is a limited liability partnership (LLP)
The combination of two or more firms involved in different stages of producing the same good or service
What are Vertical Mergers
Parent company/franchiser develop, implements, and pays for most of the advertising of the business on behalf of franchisees
What is national adversing
The artist whose real name is Peter Gene Hernandez?
A major advantage of a sole proprietorship is that the owner has full ______ over business decisions.
What is control?
When partners disagree yet also share liability
What is conflict
business combination merging more than three businesses that make unrelated products
What is a Conglomerate
A franchise is a business model where one party, called the ______, grants another party, called the franchisee, the right to use its brand and sell its products.
What is a franchisor
Has the most Grammy wins of all time.
Who is Beyoncé