Microeconomics 2 Business Organizations. Sole proprietorship A form of business organization that is owned and managed by one individual who assumes all.

Slides:

Advertisements

Similar presentations

How Businesses Are Organized

Advertisements

Read to Learn Describe the advantages and disadvantages of the three major forms of business organizations. Describe how cooperatives and nonprofits are.

Business Know-how Housing and Interiors. Entrepreneur A person who assumes risk of starting and operating a business for the purpose of making a profit.

1. 1.To examine the steps to the process of becoming a business owner. 2.To differentiate the various types of business ownership. 3.To illustrate the.

Chapter 6: Business Ownership and Operations

Companies 101 James Hoffmann. Companies A company is a business or association formed to manufacture or supply products or services for profit. A company.

Forms of Business Ownership & Business Law Part I BCS-BE-16: The student evaluates sole proprietorships as a form of business. BCS-BE-17: The student evaluates.

Business Ownerships MARKETING DYNAMICS UNIT 1 LESSON 2 Copyright © Texas Education Agency, All rights reserved.

Types of Business Ownership Chapter 6.1

Introduction to Business Unit II: Business Ownership and Environments.

Business Organization and Finance. What is a Sole Proprietorship ? A form of business organization where one person owns and operates the business.

The Different Types of Business Ownership

Business Organizations ©2012, TESCCC. Objectives 1.Be able to list and describe the three types of business organizations. 2.Be able to explain the advantages.

Business Organizations. Starting a Business  Entrepreneurs : people who decide to start a business and are willing to take risks  Entrepreneurs should.

Notes: Business Firms / Structure

After completing this chapter you will be able to: 1.Name business ownerships 2. Compare the ownerships 3. Describe alternative ways to do business 4.

Types of Business Ownership

Entrepreneurs and their Business Forms. Sole Proprietorship a business owned by one individual who receives all the profits and reward and personally.

Mr. Duggan/ Economics BUSINESS AND LABOR. SOLE PROPRIETORSHIPS Is a business owned and managed by a single individual.

Chapter 5 THE FUTURE OF BUSINESS Gitman & McDaniel 5 th Edition THE FUTURE OF BUSINESS Gitman & McDaniel 5 th Edition Chapter 5 Forms of Business Ownership.

By Gustavo Lucio.  This type of ownership is for people who want to make all of their business decisions independently.  This type of ownership has.

Click here to advance to the next slide.. Chapter 6 Business Ownership and Operations Section 6.1 Types of Business Ownership.

 Sole proprietorship is a business owned by only one person.  Sole proprietorship is for individual who want to work and make decisions independently.

Click here to advance to the next slide.. Chapter 6 Business Ownership and Operations Section 6.1 Types of Business Ownership.

Bell Work Objective: Objective: Explain the characteristics of the different types of businesses Explain the characteristics of the different types of.

SECTION 8-2 The Corporation. What is a corporation? A corporation is a business organization that operates as a legal entity that is separate from its.

FORMS OF BUSINESS ORGANIZATION LEGAL STRUCTURES. SOLE PROPRIETORSHIP One Owner ADVANTAGES Low start up costs Receive all profits – Reinvested in Business.

MultiMedia by Stephen M. Peters© 2001 South-Western College Publishing Chapter 2 Selecting a Form of Business Ownership Introduction to.

Chapter 37 Business Organizations. What is Sole Proprietorship? The simplest, most flexible, and easiest to start. ONE Owner.

Chapter 9 Business Firms in the Economy. Forms of Business Organizations Proprietorships – one individual owns entire business Advantages: 1. easy to.

Business Organizations Businesses may be organized as individual proprietorships, partnerships, or corporations.

Sole Proprietorship  A business owned and run by one person  Makes up about 80% of all businesses.

CAREER AND FINANCIAL MANAGEMENT Business Organization.

Introduction to Business © Thomson South-Western ChapterChapter Business Organization 5.

Bell Ringer Activity Identify 3 local business and determine what type of businesses they are (sole proprietorship, partnership, corporation).

Chapter 8: Business Organizations. Section 1: Starting a Business Profit Motive Getting Started – Entrepreneur, some one willing to take a risk. – Gather.

A business organization is an establishment formed to carry on commercial enterprise.

Introduction to Business Chapter 6 Business Ownership.

Chapter 8: Business Organizations Section 1

Business Organizations Different Forms of Business.

1 10 pt 15 pt 20 pt 25 pt 5 pt 10 pt 15 pt 20 pt 25 pt 5 pt 10 pt 15 pt 20 pt 25 pt 5 pt 10 pt 15 pt 20 pt 25 pt 5 pt 10 pt 15 pt 20 pt 25 pt 5 pt You’ve.

Chapter 6 Business Ownership and Operations

Business Ownership and Operations Chapter 6 pp

Business Organizations Chapter 3. FORMS OF BUSINESS ORGANIZATIONS Chapter 3, Section 1.

B. OVERVIEW OF SMALL BUSINESS 3.00 Explain the legal environment of small business Compare forms of business ownership Franchises & Family Owned.

Types of business ownership. Advantages to Sole Proprietorship  Keep all profits  Less Expensive  Easier to use.

CHAPTER 7: SECTION 1 About Business Firms Why Do Business Firms Exist? A business firm is an organization that uses resources to produce goods and services.

Business Organizations Chapter 8. Types Sole Proprietorship A business owned and run by one person. Forming a Proprietorship only requires licenses and.

Types of Businesses. ENTREPRENEUR Someone who takes the necessary risks and rewards in starting a business. An Entrepreneur is out to make money. He/she.

By Cindy Ravalo $100 $200 $300 $400 $500 $100 $200 $300 $400 $500 $100 $200 $300 $400 $500 $100 $200 $300 $400 $500 $100 $200 $300 $400.

Business Ownership Section 33.2

Understanding Canadian Business

Forms of business organizations

Chapter 33 entrepreneurial concepts Section 33.1 Entrepreneurship

Types of Business Ownership

Today: What is a Company? How and Why do Companies Form and Function?

The Main Idea Sole proprietorships, partnerships, and corporations are the most common forms of business organization. Cooperatives, nonprofits, and.

Bell-Work Please state how each of the businesses are organized? Think about how business are owned. Ching’s Hot Wings (Sole Proprietorship) FedEx (Corporation)

Sole Proprietorships -business owned by a single person or a married couple -3/4 of all businesses are sole proprietorships -Advantages -Disadvantages.

Business Organization

Business Organizations

Click here to advance to the next slide.

Introduction to Business Chapter 6 Pages 89, 94-98

Types of Business Ownership

Introduction to Business

Chapter 37 – Retail selling

Business Organization

Click here to advance to the next slide.

Chapter 8-1 Forms of Business.

Economics Honors Edgenuity: Public & Private Solutions, Lesson 8

Presentation transcript:

Microeconomics 2 Business Organizations

Sole proprietorship A form of business organization that is owned and managed by one individual who assumes all risk of loss and receives all profits.

Partnership A form of business organization that is owned by two or more individuals who assume all risk of loss and receive all profit.

Corporation A form of business organization that is created by law, functions as a separate legal entity, and is owned by two or more individuals called stockholders. Stockholders are at risk only for the amount of their financial investment.

Franchising a system by which a firm expands into new neighborhoods and towns (or foreign countries) by selling the rights to use the company's name and products to individuals. The franchising company provides training services and an advertising campaign for the purchaser of the franchise. In turn, the purchaser agrees to meet certain quality standards, provide certain products, and pay a franchise fee to the franchising organization.

Which would you like to be? Form a group Form a group No more than 4 members No more than 4 members Compare the 4 business types. What are the advantages of each? What are the disadvantages for each? Compare the 4 business types. What are the advantages of each? What are the disadvantages for each? Use this information to help you begin to determine what form of business you will create. Use this information to help you begin to determine what form of business you will create. Consider ideas for your company. School OK! Consider ideas for your company. School OK!

Advantages and disadvantages of types of ownership Advantages Disadvantages Sole proprietorship43 Partnership33 Corporation33 Franchise43

Exit Slip Group member names Group member names Form of business preferred Form of business preferred Ideas for business Ideas for business MUST be turned in BEFORE you walk out. No exceptions! THIS IS FUN!!!!!!!!!!!!!!!!!!!!!!! MUST be turned in BEFORE you walk out. No exceptions! THIS IS FUN!!!!!!!!!!!!!!!!!!!!!!!