Compare Functions of Business

Compare Functions of Business

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  • Types of Business
  • Some types of business is  sole proprietorship, partnership, and franchise and corporation and non-profit.
  • Sole Proprietorship
  • Owned by one person. An advantage is that it is easy to start. A disadvantage is Owner must pay for everything needed for the business.
  • Partnership
  • A partnership is a business owned by two or more people. An advantage is that it is relatively easy to start. A disadvantage is that Partners might not get along well.
  • Franchise
  • Corporation
  • Non-profit
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