INTRODUCTION TO ENTREPRENEURSHIP
CHARACTERISTICS OF AN ENTREPRENEUR
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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When comparing the four main business types, which allows the owner to start selling products most quickly?
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Corporation
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Franchise
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Partnership
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Sole proprietorship
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Explanation:
Detailed explanation-1: -The most common forms of business are the sole proprietorship, partnership, corporation, and S corporation.
Detailed explanation-2: -Examples of sole proprietors include small businesses such as, a local grocery store, a local clothes store, an artist, freelance writer, IT consultant, freelance graphic designer, etc.
Detailed explanation-3: -Sole Proprietorship. General Partnership. Limited Liability Company (LLC) Corporations (C-Corp and S-Corp)
Detailed explanation-4: -Handyman. Image Source. Woodworker. Online Dating Consultant. Sewing and Alteration Specialist. Freelance Developer. Personal Trainer. Freelance Graphic Designer. Life/ Career Coach. More items •13-Apr-2023
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