Foundations of Business - Standalone book (MindTap Course List)
4th Edition
ISBN: 9781285193946
Author: William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher: Cengage Learning
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Chapter 4, Problem 1DQ
Summary Introduction
To determine: The ownership form to be chosen if a new business is started and the factors affect them.
Introduction: The term business is defined as the planned exertion of people to manufacture and trade, for revenues, the goods and services that fulfill the requirements of the people. A business must be designed in such a way that it is managed efficiently, gratify the needs and should make profits.
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If you were to start a business, which ownership form would you choose? What factors might affect your choice?
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Chapter 4 Solutions
Foundations of Business - Standalone book (MindTap Course List)
Ch. 4 - Prob. 1CCCh. 4 - Prob. 2CCCh. 4 - Prob. 3CCCh. 4 - Prob. 4CCCh. 4 - Prob. 5CCCh. 4 - Prob. 6CCCh. 4 - Prob. 7CCCh. 4 - Prob. 8CCCh. 4 - Prob. 9CCCh. 4 - Prob. 10CC
Ch. 4 - Prob. 11CCCh. 4 - Prob. 12CCCh. 4 - Prob. 13CCCh. 4 - Prob. 14CCCh. 4 - Prob. 15CCCh. 4 - Prob. 16CCCh. 4 - Prob. 17CCCh. 4 - Prob. 18CCCh. 4 - Prob. 19CCCh. 4 - Prob. 20CCCh. 4 - Prob. 21CCCh. 4 - Prob. 22CCCh. 4 - Prob. 1DQCh. 4 - Prob. 2DQCh. 4 - Prob. 3DQCh. 4 - Prob. 4DQCh. 4 - Prob. 5DQ
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- What are the key considerations for entrepreneurs when choosing between different types of business ownership, such as sole proprietorship, partnership, and corporation, and how do these choices impact various aspects of management?arrow_forwardWhat “right questions” need to be answered when deciding whether to buy a business?arrow_forwardYou can start a business for yourself in three ways. What alternative would you choose to open a business by purchasing the intellectual property of a well-known brand? What are the advantages and disadvantages of this alternative?arrow_forward
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- select a franchise that interests you. Once you have looked at the information provided, please prepare and submit a written report that covers the following: Name of franchise you selected and a brief summary of the business opportunity. Why you selected the franchise you did. What was it about this particular franchise that attracted you to it? Start-up costs. Specify what the owner (“franchisee”) will have to invest, as well as any contributions toward start-up that the franchisor will make. Potential profit or income from the business. Support that the franchisor will provide the owner (“franchisee”), such as training, supplies, materials/equipment, location, building.arrow_forwardWhich form of business is generally most costly to set up but offers the most personal protection? a) Sole proprietorship b) Partnership c) Corporation d) Franchisearrow_forwardWhat is the value of investing in real estate through a partnership or syndicate versus individually? Be specific.arrow_forward
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