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In which type of business ownership are there 2 or more owners?
The dealers of a franchise
Sole Proprietorship
Permission must be given to sell its products/services
Monthly fee to the franchiser
The owner can lose their business, home & personal belongings
Shareholders or Stockholders
Partnership
Employees or users of the company's products/services
What does unlimited liability mean to an owner of a business?
The dealers of a franchise
Sole Proprietorship
Permission must be given to sell its products/services
Monthly fee to the franchiser
The owner can lose their business, home & personal belongings
Shareholders or Stockholders
Partnership
Employees or users of the company's products/services
Who is the “franchisee”?
The dealers of a franchise
Sole Proprietorship
Permission must be given to sell its products/services
Monthly fee to the franchiser
The owner can lose their business, home & personal belongings
Shareholders or Stockholders
Partnership
Employees or users of the company's products/services
What must a franchisee pay each month?
The dealers of a franchise
Sole Proprietorship
Permission must be given to sell its products/services
Monthly fee to the franchiser
The owner can lose their business, home & personal belongings
Shareholders or Stockholders
Partnership
Employees or users of the company's products/services
How are franchises different from all other types of business ownerships?
The dealers of a franchise
Sole Proprietorship
Permission must be given to sell its products/services
Monthly fee to the franchiser
The owner can lose their business, home & personal belongings
Shareholders or Stockholders
Partnership
Employees or users of the company's products/services
What is the name of the business ownership that has 1 owner?
The dealers of a franchise
Sole Proprietorship
Permission must be given to sell its products/services
Monthly fee to the franchiser
The owner can lose their business, home & personal belongings
Shareholders or Stockholders
Partnership
Employees or users of the company's products/services
What are the names given to the owners of corporations?
The dealers of a franchise
Sole Proprietorship
Permission must be given to sell its products/services
Monthly fee to the franchiser
The owner can lose their business, home & personal belongings
Shareholders or Stockholders
Partnership
Employees or users of the company's products/services
Who are the owners of cooperatives?
The dealers of a franchise
Sole Proprietorship
Permission must be given to sell its products/services
Monthly fee to the franchiser
The owner can lose their business, home & personal belongings
Shareholders or Stockholders
Partnership
Employees or users of the company's products/services
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