Franchise
The high franchising fees that are paid are called this
What are royalties?
Of Sole Proprietorship, partnership, or Corporations, this is the most common
What is sole proprietorship
This type of merger is when two or more firms in the same industry join together
What is Horizontal merger?
Restricted to a particular person for a particular area, franchises gives a franchisee this type of right to do business.
What is exclusive?
This is the type of partnership where only one of the partners is a general partner
What is a limited partnership?
This is when two or more firms join that are in different production stages
What is a vertical merger?
Franchises get spared this expense as the Franchiser's reputation and dollars go to spreading the word about your business
What is advertising costs?
The type of partnership that is most common where there is shared decision making, equal say and control is:
What is a general partnership?
When large firms buy out other large firms, you have this
What is a conglomerate?
An owner dying in a sole proprietorship is a negative because it causes the business to have a lack of this:
What is permanence?
A real life example of a company that buys other large companies (that Mr. Strazzeri gave in class) is this
What is Disney? (will accept other viable answers)
2 parts: Doctors and Lawyers might opt for this type of partnership_____________, that you will name one of the two negatives______________
Limited Liability Partnership
Not all businesses can open one
Rules are different between states
The company that was portrayed in the Corporations slideshow that represented Florida was:
What is Hooters?