General Partnership
What is a General Partnership?
Two or more people who are known as general partners, and enter an agreement to conduct a business for profit.
What are Market structures?
Market structure refers to how different industries are classified and differentiated based on their degree and nature of competition for services and goods.
What is PPC?
PPC or pay-per-click is a type of internet marketing that involves advertisers paying a fee each time one of their ads is clicked.
What are Corporations?
A company or group of people authorized to act as a single entity (legally a person) and recognized as such in law.
What is Franchise?
An authorization granted by a government or company to an individual or group enabling them to carry out specified commercial activities, e.g., providing a broadcasting service or acting as an agent for a company's products.
What does a General Partnership do?
The submit agreements to conduct a business for a profit.
What does market structure do?
A market structure helps us to understand what differentiates markets from one another.
What does PPC do?
advertise paying a fee each time one of their ads is clicked.
What do corporations do?
Enter contracts, loan and borrow money, sue and be sued, hire employees, own assets, and pay taxes
What does Franchise do?
Enables you, the investor or franchisee, to operate a business
What is the role of the general partnership?
Two or more individuals agree to share responsibilities, assets, profits, and financial and legal liabilities of a jointly-owned business.
What does market structure impact?
Market structures significantly influence pricing decisions.
What is the purpose of PPC?
Cost-effective
What is the role of a corporation?
To benefit its shareholders
What is the role of a franchise?
A franchisee bears the financial risk for their franchised business and pays money to the franchisor.
What are the duties of a general partner?
To act in the best interest of the partnership.
What defines a market structure?
Market structure describes how firms are differentiated and categorized by the types of products they sell and how those items influence their operations
How does a PPC work?
An advertiser pays a publisher every time an advertisement link is “clicked” on.
What do corporations do for society?
Putting certain funds toward organizations or people who need aid
What is the advantage of owning a franchise?
Lower failure rate than solo businesses.
Why would someone choose a general partnership?
General partnerships allow you to negotiate the terms relating to the allocation of profits and losses, management operations, and transfers of interests.
How does market structure benefit?
A market structure is a valuable tool for analyzing issues such as the process of setting prices for goods and the profitability potential.
What are the three points of PPC?
Inefficient, missing out on the potential production of both goods. On the PPC: Efficient, maximizing production of both goods.
What do corporations issue?
Stocks or issuing bonds.
What is a major advantage of owning a franchise?
The established brand recognition that comes with it.