Submit Search
Upload
Chapter_3.ppt
•
Download as PPT, PDF
•
0 likes
•
6 views
T
TarekElHalabi2
Follow
Type of Business
Read less
Read more
Economy & Finance
Report
Share
Report
Share
1 of 32
Download now
Recommended
Forms of Business Ownership.pptx
Forms of Business Ownership.pptx
sadiqfarhan2
Unit 3
Unit 3
amel1a_ec0n
Biotechnology for Entrepreneurship Business ownership.ppt
Biotechnology for Entrepreneurship Business ownership.ppt
Drkalaivani2
Business Structure, Nature and Models.pptx
Business Structure, Nature and Models.pptx
irenebernadas1
GROUP-1-INTRODUCTION-TO-BUSINESS.pptx
GROUP-1-INTRODUCTION-TO-BUSINESS.pptx
GlenChrisCasimiro
Business Organizations
Business Organizations
Villa Santa Maria
Ch 06
Ch 06
Urbana High School
Ch 06
Ch 06
Urbana High School
Recommended
Forms of Business Ownership.pptx
Forms of Business Ownership.pptx
sadiqfarhan2
Unit 3
Unit 3
amel1a_ec0n
Biotechnology for Entrepreneurship Business ownership.ppt
Biotechnology for Entrepreneurship Business ownership.ppt
Drkalaivani2
Business Structure, Nature and Models.pptx
Business Structure, Nature and Models.pptx
irenebernadas1
GROUP-1-INTRODUCTION-TO-BUSINESS.pptx
GROUP-1-INTRODUCTION-TO-BUSINESS.pptx
GlenChrisCasimiro
Business Organizations
Business Organizations
Villa Santa Maria
Ch 06
Ch 06
Urbana High School
Ch 06
Ch 06
Urbana High School
Itb 06.1
Itb 06.1
3BOODOmar
Business ownership
Business ownership
Safiyyah Natali
Bus106 wk5 ch5 forms of business ownership
Bus106 wk5 ch5 forms of business ownership
Bhupesh Shah
Week 5 Forms of Business and Writing a Business Plan.pdf
Week 5 Forms of Business and Writing a Business Plan.pdf
Dr. Russell Rodrigo
Chap03
Chap03
uploadlessons
1 types of organizations
1 types of organizations
Prof.(Dr.)Manoj Srivastava
Lec-3+4 Business Organization & Soleproperitorship.pptx
Lec-3+4 Business Organization & Soleproperitorship.pptx
NimraIqbal28
Ch 3+4 business organization & soleproperitorship
Ch 3+4 business organization & soleproperitorship
MuhammadAbdurRehman34
Chapter 6 Forms Of Business Enterprise
Chapter 6 Forms Of Business Enterprise
guevarra_2000
Econ Ch8 Businesses
Econ Ch8 Businesses
Dan Hess
Lesson 3 OMTE 001 Legal Forms of Organization for the Small Business & Firms ...
Lesson 3 OMTE 001 Legal Forms of Organization for the Small Business & Firms ...
RodantesRivera3
Chapter 3
Chapter 3
molla asmare
Chapter 4 types of business organization
Chapter 4 types of business organization
Muhammad Talha
types of business in contemporary worlds
types of business in contemporary worlds
MuhammadSubhanAli4
Business_Law_and_Legal_issues_in_tourism_Chapter3.pptx
Business_Law_and_Legal_issues_in_tourism_Chapter3.pptx
IqbalHossainSajib
MEFA IV UNIT MATERIAL
MEFA IV UNIT MATERIAL
Dr. Durgaprasad Navulla
the ownership of small businesses .pptx
the ownership of small businesses .pptx
SociaLInfO1
Starting and Growing Your Business - Brittany Killins
Starting and Growing Your Business - Brittany Killins
brittanykillins
chapter 2.pptx
chapter 2.pptx
MarwaAli585560
Types Of Business Entity For A Business
Types Of Business Entity For A Business
Crystal Torres
The aspects of Japan in all subjects .pptx
The aspects of Japan in all subjects .pptx
TarekElHalabi2
chapter 12 Human Resources Management.ppt
chapter 12 Human Resources Management.ppt
TarekElHalabi2
More Related Content
Similar to Chapter_3.ppt
Itb 06.1
Itb 06.1
3BOODOmar
Business ownership
Business ownership
Safiyyah Natali
Bus106 wk5 ch5 forms of business ownership
Bus106 wk5 ch5 forms of business ownership
Bhupesh Shah
Week 5 Forms of Business and Writing a Business Plan.pdf
Week 5 Forms of Business and Writing a Business Plan.pdf
Dr. Russell Rodrigo
Chap03
Chap03
uploadlessons
1 types of organizations
1 types of organizations
Prof.(Dr.)Manoj Srivastava
Lec-3+4 Business Organization & Soleproperitorship.pptx
Lec-3+4 Business Organization & Soleproperitorship.pptx
NimraIqbal28
Ch 3+4 business organization & soleproperitorship
Ch 3+4 business organization & soleproperitorship
MuhammadAbdurRehman34
Chapter 6 Forms Of Business Enterprise
Chapter 6 Forms Of Business Enterprise
guevarra_2000
Econ Ch8 Businesses
Econ Ch8 Businesses
Dan Hess
Lesson 3 OMTE 001 Legal Forms of Organization for the Small Business & Firms ...
Lesson 3 OMTE 001 Legal Forms of Organization for the Small Business & Firms ...
RodantesRivera3
Chapter 3
Chapter 3
molla asmare
Chapter 4 types of business organization
Chapter 4 types of business organization
Muhammad Talha
types of business in contemporary worlds
types of business in contemporary worlds
MuhammadSubhanAli4
Business_Law_and_Legal_issues_in_tourism_Chapter3.pptx
Business_Law_and_Legal_issues_in_tourism_Chapter3.pptx
IqbalHossainSajib
MEFA IV UNIT MATERIAL
MEFA IV UNIT MATERIAL
Dr. Durgaprasad Navulla
the ownership of small businesses .pptx
the ownership of small businesses .pptx
SociaLInfO1
Starting and Growing Your Business - Brittany Killins
Starting and Growing Your Business - Brittany Killins
brittanykillins
chapter 2.pptx
chapter 2.pptx
MarwaAli585560
Types Of Business Entity For A Business
Types Of Business Entity For A Business
Crystal Torres
Similar to Chapter_3.ppt
(20)
Itb 06.1
Itb 06.1
Business ownership
Business ownership
Bus106 wk5 ch5 forms of business ownership
Bus106 wk5 ch5 forms of business ownership
Week 5 Forms of Business and Writing a Business Plan.pdf
Week 5 Forms of Business and Writing a Business Plan.pdf
Chap03
Chap03
1 types of organizations
1 types of organizations
Lec-3+4 Business Organization & Soleproperitorship.pptx
Lec-3+4 Business Organization & Soleproperitorship.pptx
Ch 3+4 business organization & soleproperitorship
Ch 3+4 business organization & soleproperitorship
Chapter 6 Forms Of Business Enterprise
Chapter 6 Forms Of Business Enterprise
Econ Ch8 Businesses
Econ Ch8 Businesses
Lesson 3 OMTE 001 Legal Forms of Organization for the Small Business & Firms ...
Lesson 3 OMTE 001 Legal Forms of Organization for the Small Business & Firms ...
Chapter 3
Chapter 3
Chapter 4 types of business organization
Chapter 4 types of business organization
types of business in contemporary worlds
types of business in contemporary worlds
Business_Law_and_Legal_issues_in_tourism_Chapter3.pptx
Business_Law_and_Legal_issues_in_tourism_Chapter3.pptx
MEFA IV UNIT MATERIAL
MEFA IV UNIT MATERIAL
the ownership of small businesses .pptx
the ownership of small businesses .pptx
Starting and Growing Your Business - Brittany Killins
Starting and Growing Your Business - Brittany Killins
chapter 2.pptx
chapter 2.pptx
Types Of Business Entity For A Business
Types Of Business Entity For A Business
More from TarekElHalabi2
The aspects of Japan in all subjects .pptx
The aspects of Japan in all subjects .pptx
TarekElHalabi2
chapter 12 Human Resources Management.ppt
chapter 12 Human Resources Management.ppt
TarekElHalabi2
The Law of Contract in Business essentials.ppt
The Law of Contract in Business essentials.ppt
TarekElHalabi2
The Cold War, the Cuban Missiles 1962.ppt
The Cold War, the Cuban Missiles 1962.ppt
TarekElHalabi2
Berlin.pptx
Berlin.pptx
TarekElHalabi2
Chapter 5-Work and Energy.Student edition.pptx
Chapter 5-Work and Energy.Student edition.pptx
TarekElHalabi2
lesson 4.pptx
lesson 4.pptx
TarekElHalabi2
Understanding-Opportunity-Cost.pptx
Understanding-Opportunity-Cost.pptx
TarekElHalabi2
Taxes (3).pptx
Taxes (3).pptx
TarekElHalabi2
election map.pptx
election map.pptx
TarekElHalabi2
Opening Speeches.pptx
Opening Speeches.pptx
TarekElHalabi2
lecture-week1-SALES4NONSALES.ppt
lecture-week1-SALES4NONSALES.ppt
TarekElHalabi2
Presentation1.pptx
Presentation1.pptx
TarekElHalabi2
Causes of World War I PPT.ppt
Causes of World War I PPT.ppt
TarekElHalabi2
Types of Business Ownership.ppt
Types of Business Ownership.ppt
TarekElHalabi2
responsibilitypresentation-220908012419-13399a46.pptx
responsibilitypresentation-220908012419-13399a46.pptx
TarekElHalabi2
Causes of US Entry Into WWI.ppt
Causes of US Entry Into WWI.ppt
TarekElHalabi2
Chapter 6 ppt.ppt
Chapter 6 ppt.ppt
TarekElHalabi2
Chapter 37.ppt
Chapter 37.ppt
TarekElHalabi2
Chapter 34 P1 Circulatory system.ppt
Chapter 34 P1 Circulatory system.ppt
TarekElHalabi2
More from TarekElHalabi2
(20)
The aspects of Japan in all subjects .pptx
The aspects of Japan in all subjects .pptx
chapter 12 Human Resources Management.ppt
chapter 12 Human Resources Management.ppt
The Law of Contract in Business essentials.ppt
The Law of Contract in Business essentials.ppt
The Cold War, the Cuban Missiles 1962.ppt
The Cold War, the Cuban Missiles 1962.ppt
Berlin.pptx
Berlin.pptx
Chapter 5-Work and Energy.Student edition.pptx
Chapter 5-Work and Energy.Student edition.pptx
lesson 4.pptx
lesson 4.pptx
Understanding-Opportunity-Cost.pptx
Understanding-Opportunity-Cost.pptx
Taxes (3).pptx
Taxes (3).pptx
election map.pptx
election map.pptx
Opening Speeches.pptx
Opening Speeches.pptx
lecture-week1-SALES4NONSALES.ppt
lecture-week1-SALES4NONSALES.ppt
Presentation1.pptx
Presentation1.pptx
Causes of World War I PPT.ppt
Causes of World War I PPT.ppt
Types of Business Ownership.ppt
Types of Business Ownership.ppt
responsibilitypresentation-220908012419-13399a46.pptx
responsibilitypresentation-220908012419-13399a46.pptx
Causes of US Entry Into WWI.ppt
Causes of US Entry Into WWI.ppt
Chapter 6 ppt.ppt
Chapter 6 ppt.ppt
Chapter 37.ppt
Chapter 37.ppt
Chapter 34 P1 Circulatory system.ppt
Chapter 34 P1 Circulatory system.ppt
Recently uploaded
VIP Kolkata Call Girl Serampore 👉 8250192130 Available With Room
VIP Kolkata Call Girl Serampore 👉 8250192130 Available With Room
divyansh0kumar0
The Economic History of the U.S. Lecture 17.pdf
The Economic History of the U.S. Lecture 17.pdf
Gale Pooley
Instant Issue Debit Cards - School Designs
Instant Issue Debit Cards - School Designs
egoetzinger
Log your LOA pain with Pension Lab's brilliant campaign
Log your LOA pain with Pension Lab's brilliant campaign
Henry Tapper
Andheri Call Girls In 9825968104 Mumbai Hot Models
Andheri Call Girls In 9825968104 Mumbai Hot Models
hematsharma006
06_Joeri Van Speybroek_Dell_MeetupDora&Cybersecurity.pdf
06_Joeri Van Speybroek_Dell_MeetupDora&Cybersecurity.pdf
FinTech Belgium
(ANIKA) Budhwar Peth Call Girls Just Call 7001035870 [ Cash on Delivery ] Pun...
(ANIKA) Budhwar Peth Call Girls Just Call 7001035870 [ Cash on Delivery ] Pun...
ranjana rawat
Best VIP Call Girls Noida Sector 18 Call Me: 8448380779
Best VIP Call Girls Noida Sector 18 Call Me: 8448380779
Delhi Call girls
Quarter 4- Module 3 Principles of Marketing
Quarter 4- Module 3 Principles of Marketing
MaristelaRamos12
OAT_RI_Ep19 WeighingTheRisks_Apr24_TheYellowMetal.pptx
OAT_RI_Ep19 WeighingTheRisks_Apr24_TheYellowMetal.pptx
hiddenlevers
CALL ON ➥8923113531 🔝Call Girls Gomti Nagar Lucknow best sexual service
CALL ON ➥8923113531 🔝Call Girls Gomti Nagar Lucknow best sexual service
anilsa9823
Russian Call Girls In Gtb Nagar (Delhi) 9711199012 💋✔💕😘 Naughty Call Girls Se...
Russian Call Girls In Gtb Nagar (Delhi) 9711199012 💋✔💕😘 Naughty Call Girls Se...
shivangimorya083
The Economic History of the U.S. Lecture 30.pdf
The Economic History of the U.S. Lecture 30.pdf
Gale Pooley
Q3 2024 Earnings Conference Call and Webcast Slides
Q3 2024 Earnings Conference Call and Webcast Slides
Marketing847413
Commercial Bank Economic Capsule - April 2024
Commercial Bank Economic Capsule - April 2024
Commercial Bank of Ceylon PLC
Solution Manual for Financial Accounting, 11th Edition by Robert Libby, Patri...
Solution Manual for Financial Accounting, 11th Edition by Robert Libby, Patri...
ssifa0344
Call Girls Koregaon Park Call Me 7737669865 Budget Friendly No Advance Booking
Call Girls Koregaon Park Call Me 7737669865 Budget Friendly No Advance Booking
roncy bisnoi
VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...
VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...
Call Girls in Nagpur High Profile
The Economic History of the U.S. Lecture 22.pdf
The Economic History of the U.S. Lecture 22.pdf
Gale Pooley
High Class Call Girls Nagpur Grishma Call 7001035870 Meet With Nagpur Escorts
High Class Call Girls Nagpur Grishma Call 7001035870 Meet With Nagpur Escorts
ranjana rawat
Recently uploaded
(20)
VIP Kolkata Call Girl Serampore 👉 8250192130 Available With Room
VIP Kolkata Call Girl Serampore 👉 8250192130 Available With Room
The Economic History of the U.S. Lecture 17.pdf
The Economic History of the U.S. Lecture 17.pdf
Instant Issue Debit Cards - School Designs
Instant Issue Debit Cards - School Designs
Log your LOA pain with Pension Lab's brilliant campaign
Log your LOA pain with Pension Lab's brilliant campaign
Andheri Call Girls In 9825968104 Mumbai Hot Models
Andheri Call Girls In 9825968104 Mumbai Hot Models
06_Joeri Van Speybroek_Dell_MeetupDora&Cybersecurity.pdf
06_Joeri Van Speybroek_Dell_MeetupDora&Cybersecurity.pdf
(ANIKA) Budhwar Peth Call Girls Just Call 7001035870 [ Cash on Delivery ] Pun...
(ANIKA) Budhwar Peth Call Girls Just Call 7001035870 [ Cash on Delivery ] Pun...
Best VIP Call Girls Noida Sector 18 Call Me: 8448380779
Best VIP Call Girls Noida Sector 18 Call Me: 8448380779
Quarter 4- Module 3 Principles of Marketing
Quarter 4- Module 3 Principles of Marketing
OAT_RI_Ep19 WeighingTheRisks_Apr24_TheYellowMetal.pptx
OAT_RI_Ep19 WeighingTheRisks_Apr24_TheYellowMetal.pptx
CALL ON ➥8923113531 🔝Call Girls Gomti Nagar Lucknow best sexual service
CALL ON ➥8923113531 🔝Call Girls Gomti Nagar Lucknow best sexual service
Russian Call Girls In Gtb Nagar (Delhi) 9711199012 💋✔💕😘 Naughty Call Girls Se...
Russian Call Girls In Gtb Nagar (Delhi) 9711199012 💋✔💕😘 Naughty Call Girls Se...
The Economic History of the U.S. Lecture 30.pdf
The Economic History of the U.S. Lecture 30.pdf
Q3 2024 Earnings Conference Call and Webcast Slides
Q3 2024 Earnings Conference Call and Webcast Slides
Commercial Bank Economic Capsule - April 2024
Commercial Bank Economic Capsule - April 2024
Solution Manual for Financial Accounting, 11th Edition by Robert Libby, Patri...
Solution Manual for Financial Accounting, 11th Edition by Robert Libby, Patri...
Call Girls Koregaon Park Call Me 7737669865 Budget Friendly No Advance Booking
Call Girls Koregaon Park Call Me 7737669865 Budget Friendly No Advance Booking
VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...
VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...
The Economic History of the U.S. Lecture 22.pdf
The Economic History of the U.S. Lecture 22.pdf
High Class Call Girls Nagpur Grishma Call 7001035870 Meet With Nagpur Escorts
High Class Call Girls Nagpur Grishma Call 7001035870 Meet With Nagpur Escorts
Chapter_3.ppt
1.
Business and Personal
Finance Copyright © by McGraw-Hill Education. All rights reserved.
2.
Business and Personal
Finance Copyright © by McGraw-Hill Education. All rights reserved. Describe the effects of competition on businesses and consumers. Explain how competition impacts the consumer. Identify the advantages and disadvantages of a sole proprietorship. Explain the differences between general and limited partners. Identify the advantages and disadvantages of a partnership. Identify the advantages and disadvantages of a cooperative.
3.
Business and Personal
Finance Copyright © by McGraw-Hill Education. All rights reserved. What is Business? What are the type of Business we have today? What is Private Enterprise System? What is the difference between Monopoly and oligopoly in Business.
4.
Business and Personal
Finance Copyright © by McGraw-Hill Education. All rights reserved. Business Ownership Organization Section 1 Private Enterprise and Business Ownership Chapter 3 Types of Business Ownership Three Legal Forms of Business Ownership Sole Proprietorship Partnership Corporation Definition, Advantages and disadvantages of each team
5.
Business and Personal
Finance Copyright © by McGraw-Hill Education. All rights reserved. Group Activity Sole Proprietorship Group A Partnership Group B Corporation Group C Hoor Mariam Shaheen Zeina Heba Yazeed Hadeel AlAnoud Muhannad Bodour Abdul Aziz Sayed Fahad
6.
Business and Personal
Finance Copyright © by McGraw-Hill Education. All rights reserved. Session Two
7.
Business and Personal
Finance Copyright © by McGraw-Hill Education. All rights reserved. Private Enterprise System Section 1 Private Enterprise and Business Ownership Chapter 3 Types of Business Ownership Public schools are part of the public sector. public sector government-funded services Your local supermarket is part of the private sector. private sector business not funded by the government
8.
Business and Personal
Finance Copyright © by McGraw-Hill Education. All rights reserved. Private Enterprise System Section 1 Private Enterprise and Business Ownership Chapter 3 Types of Business Ownership Discounts and coupons are examples of price competition. competition the struggle among businesses for customers Excellent service and quality construction are examples of nonprice competition. Two Types of Competition price competition struggle for business that assumes consumers will choose the lowest priced products available nonprice competition struggle for business that relies on factors other than price to attract and keep customers
9.
Business and Personal
Finance Copyright © by McGraw-Hill Education. All rights reserved. Private Enterprise System Section 1 Private Enterprise and Business Ownership Chapter 3 Types of Business Ownership Levels of Competition Market Oligopoly Monopoly market field of exchange that takes place between buyers and sellers oligopoly market condition characterized by the existence of a few large businesses in a market monopoly market condition characterized by the existence of only one supplier in a market.
10.
Business and Personal
Finance Copyright © by McGraw-Hill Education. All rights reserved. Private Enterprise System Section 1 Private Enterprise and Business Ownership Chapter 3 Types of Business Ownership Risks of Doing Business Competition Economic Changes Government Regulations New Technologies Natural Disasters Lawsuits
11.
Business and Personal
Finance Copyright © by McGraw-Hill Education. All rights reserved. Private Enterprise System Section 1 Private Enterprise and Business Ownership Chapter 3 Types of Business Ownership Who benefits when a business makes a profit? Employees The government (taxes) The economy Other businesses Society profit the money left after paying the expenses of doing business
12.
Business and Personal
Finance Copyright © by McGraw-Hill Education. All rights reserved. Section 1 Private Enterprise and Business Ownership Review the forms of Business Identify the differences between the 3 forms Explain the Franchise business Chapter 3 Types of Business Ownership
13.
Business and Personal
Finance Copyright © by McGraw-Hill Education. All rights reserved. https://www.youtube.com/watch?v=x8LqdZnOnIU
14.
Business and Personal
Finance Copyright © by McGraw-Hill Education. All rights reserved. Sole Proprietorship Section 1 Private Enterprise and Business Ownership Chapter 3 Types of Business Ownership A sole proprietorship is usually started by an entrepreneur. sole proprietorship business owned by one person entrepreneur individual who takes the risk of starting a new business
15.
Business and Personal
Finance Copyright © by McGraw-Hill Education. All rights reserved. Sole Proprietorship Section 1 Private Enterprise and Business Ownership Chapter 3 Types of Business Ownership Advantages of Sole Proprietorship Easy Setup Licensing and Paperwork – Employer Identification Number (EIN) Total Control Profits to Owner Profits Taxed Once Few Government Regulations Employer Identification Number (EIN) number assigned by the IRS used for income tax purposes
16.
Business and Personal
Finance Copyright © by McGraw-Hill Education. All rights reserved. Sole Proprietorship Section 1 Private Enterprise and Business Ownership Chapter 3 Types of Business Ownership Disadvantages of Sole Proprietorship Limited Capital Unlimited Liability Limited Human Resources Limited Life unlimited liability situation in which the owner of a business is responsible to pay the business debts out of personal assets limited life situation in which a business’s life span or existence is determined by the owner’s life span or decision to terminate the business
17.
Business and Personal
Finance Copyright © by McGraw-Hill Education. All rights reserved. The Partnership Section 1 Private Enterprise and Business Ownership Chapter 3 Types of Business Ownership A partnership requires a partnership agreement. partnership business owned by two or more persons partnership agreement written document that states how a partnership will be organized
18.
Business and Personal
Finance Copyright © by McGraw-Hill Education. All rights reserved. The Partnership Section 1 Private Enterprise and Business Ownership Chapter 3 Types of Business Ownership general partner business partner who has decision-making authority, takes an active role in the operation of the business, and has unlimited liability limited partner business partner who does not take an active role in decision making or in running the business General Partner Limited Partner Two Types of Partners
19.
Business and Personal
Finance Copyright © by McGraw-Hill Education. All rights reserved. The Partnership Section 1 Private Enterprise and Business Ownership Chapter 3 Types of Business Ownership Advantages of a Partnership Easy Setup More Skills and Knowledge Available Capital Total Control by Partners Profits Taxed Once
20.
Business and Personal
Finance Copyright © by McGraw-Hill Education. All rights reserved. The Partnership Section 1 Private Enterprise and Business Ownership Chapter 3 Types of Business Ownership Disadvantages of a Partnership Unlimited Liability Possible Disagreement Among Partners Shared Profits Limited life
21.
Business and Personal
Finance Copyright © by McGraw-Hill Education. All rights reserved. The Partnership Section 1 Private Enterprise and Business Ownership Chapter 3 Types of Business Ownership
22.
Business and Personal
Finance Copyright © by McGraw-Hill Education. All rights reserved. The Cooperative Section 1 Private Enterprise and Business Ownership Chapter 3 Types of Business Ownership Advantages of a Cooperative Each member has an equal vote Each member has some control over the business Saving money on purchases Pooled resources cooperative an organization that is owned and operated by its members
23.
Business and Personal
Finance Copyright © by McGraw-Hill Education. All rights reserved. The Cooperative Section 1 Private Enterprise and Business Ownership Chapter 3 Types of Business Ownership Disadvantages of a Cooperative All decisions must be approved Limited flexibility Slow decision-making Limited capital Retaining and recruiting new members
24.
Business and Personal
Finance Copyright © by McGraw-Hill Education. All rights reserved. You are starting your own business repairing bicycles. Your uncle is supplying money for start-up costs. Decide whether your uncle should be a general partner or limited partner. Sample response: My uncle should be a limited partner so that I can control the business and he will not lose additional money if my venture does not work. Section 1 Private Enterprise and Business Ownership Chapter 3 Types of Business Ownership
25.
Business and Personal
Finance Copyright © by McGraw-Hill Education. All rights reserved. Chapter 3 Types of Business Ownership
26.
Business and Personal
Finance Copyright © by McGraw-Hill Education. All rights reserved. Section 2 The Corporation Describe two types of corporations. Summarize the process of forming a corporation. Discuss the advantages and disadvantages of a corporation. Discuss the advantages and costs of a franchise. Chapter 3 Types of Business Ownership
27.
Business and Personal
Finance Copyright © by McGraw-Hill Education. All rights reserved. What Is a Corporation? Section 2 The Corporation Chapter 3 Types of Business Ownership About 20 percent of businesses in the United States are organized as corporations, but they produce about 90 percent of the total business revenue in the United States. corporation business organization that operates as legal entity that is separate from its owners and is treated by law as it if were an individual person
28.
Business and Personal
Finance Copyright © by McGraw-Hill Education. All rights reserved. Starting a Corporation Section 2 The Corporation Chapter 3 Types of Business Ownership Paperwork and Documents Articles of Incorporation Corporate Bylaws Corporate Charter articles of incorporation an application to operate as a corporation corporate bylaws rules by which a corporation must operate corporate charter a license to operate a corporation
29.
Business and Personal
Finance Copyright © by McGraw-Hill Education. All rights reserved. Starting a Corporation Section 2 The Corporation Chapter 3 Types of Business Ownership Shares of stock in a corporation are bought by people who become known as stockholders.
30.
Business and Personal
Finance Copyright © by McGraw-Hill Education. All rights reserved. Starting a Corporation Section 2 The Corporation Chapter 3 Types of Business Ownership Closely Held Corporation Two Types of Corporations Publicly Held Corporation
31.
Business and Personal
Finance Copyright © by McGraw-Hill Education. All rights reserved. Starting a Corporation Section 2 The Corporation Chapter 3 Types of Business Ownership Individuals Organizations Advantages of the Corporation Ability to raise capital Limited liability Continued life Separation of ownership and management – Board of directors board of directors group of individuals who are responsible for overseeing the general affairs of a corporation
32.
Business and Personal
Finance Copyright © by McGraw-Hill Education. All rights reserved. End of
Download now