BUISENESS MANAGEMENT
MARKETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Total output, income, employment, trade
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Peak, recession, trough, expansion
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Sole proprietorship, partnership, corporation, franchise
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Franchise, corporation, Sole proprietorship, investors
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Detailed explanation-1: -The most common forms of business are the sole proprietorship, partnership, corporation, and S corporation. A Limited Liability Company (LLC) is a business structure allowed by state statute.
Detailed explanation-2: -Types of businesses FAQs The four main types of business structures are sole proprietorship, partnership, corporation, and limited liability company (LLC).
Detailed explanation-3: -A franchise is a business that is owned by one or more people who provide products or services under the branding and rules set forth by a parent corporation. As a part of ownership, the corporation assists its franchisees with marketing and inventory, charging the franchisee fees in return.
Detailed explanation-4: -The most common forms of business ownership are sole proprietorship, partnership, limited liability partnership, limited liability company (LLC), series LLC, and corporations, which can be taxed as C corporations or S corporations.