Assignment Objectives
Critically analyze the options for financing a business, and explore franchising options.
Evaluate the way global competition affects the operation of contemporary businesses.
Evaluate credit and collection policies and practices as relevant to the modern entrepreneur.
1. For each of the following small businesses, describe the best form of business ownership: sole proprietor, partnership, or corporation. The small businesses include the following:
- Retail electronics
- Software developer
- Advertising
2. Justify and explain why it is the best form of ownership for each particular business.
3. Be sure to include the advantages and disadvantages of the form of ownership in your discussion.