What's More_Activity2 Activity 2Directions: Read the story carefully. Analyze the business. Then answerthe questions at the end of the story.Anne and Cherry are friends since high school. Anne is good in baking andCherry is good in selling. To increase their income, they decided to put up anonline business of bakery products. They contributed 10,000 each to start thebusiness and decided to split the profit equally as business partners. Thefriends agreed that Anne will be in charge of the production while Cherry will bein charge of the online site for taking marketing and promotion. Cherry startedtaking orders while Anne is busy on baking products. The business started toget big orders from their regular clients and other who visited their online site.After one year of operation, while Cherry continue with her regular work Anneas in-charge of the production, started getting sick and advised to rest. Now,Anne can no longer continue baking for their business.1. What went wrong with the business?2. Do you think Anne and Cherry were right in how they manage theirbusiness?3. Are they right in their decision of equal sharing of profit? Explain youranswer.

The business has to be run on day to day basis to increase the profitability. The business can be…

Answered: Activity 2 Directions: Read the story…

Foundations of Business (MindTap Course List)

6th Edition

ISBN:9781337386920

Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor

Publisher:William M. Pride, Robert J. Hughes, Jack R. Kapoor

Chapter4: Choosing A Form Of Business Ownership

Section: Chapter Questions

Problem 6DQ

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No plagiarism Please! 8. Explain the characteristics of sole proprietorships, analyze the advantages and disadvantages of organizing a business as a sole proprietorship, Explain the characteristics of partnerships analyze the advantages and disadvantages of partnerships. Compare and contrast the three forms of business organization.
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1. Setting Up a Business Your friend, Olivia Graves, is going to start her own chocolate shop, called Chocolate-By-Design. Olivia is an expert candy maker and one of the city's top pastry chefs. Olivia has come to you for advice on what type of business Chocolate-By-Design should be-a sole proprietorship, partner- ship, or corporation. Create a report comparing the three different types of businesses, along with your recommendation for Chocolate-By-Design's business structure.
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