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Storyboard Text
- Introduction
- Market Structure and Business OrganizationPeriod 6thDylan DarnallThe story is about two people trying create a business
- Define
- So, there are 4 types of Business organization types. There is Pure Competition, Oligopoly, Monopolistic competition, monopoly. The market structure, in economics, refers to how different industries are classified and differentiated based on their degree and nature of competition for goods and services. This is how you do Business structure legally and how you are supposed to do it in America. Ok let's go on a walk!!
- What is a Business Organization and Market structure?
- Could a sole proprietorship could be in a monopolistic competitive industry?
- Could a sole proprietorship could be in a monopolistic competitive industry?
- Yes, actually it can. A sole proprietor is only in a Monopolistic competition. They control this type of market. I'm thirst lets find some water.
- Could a sole proprietorship be in a perfectly competitive industry?
- Yes, a sole proprietorship definitely can be in a competitive industry. It's very competitive in United States so better start soon!!
- So, Could a sole proprietorship be in a perfectly competitive industry?
- Alright then lets head back home so we can start!!.
- How a corporation could be a monopoly?
- I have another question. How does a corporation be a monopoly?
- Well you have to get the government to allow you to sell a product or services. Ok almost home.
- How could a partnership be a oligopoly?
- How could our partnership be a oligopoly?
- Well it means that both of us because it has to be two or more people will share the revenue and liability. Also means they can inherit parts of the business.
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