Chapter 5. Options for Organizing Small and Large Businesses. Learning Goals. Distinguish between small and large businesses and identify common industries for small firms. Discuss the economic and social contributions of small business. Explain why small businesses fail.
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Distinguish between small and large businesses and identify common industries for small firms.
Discuss the economic and social contributions of small business.
Explain why small businesses fail.
Describe how the Small Business Administration assists small-business owners.
Explain franchising benefits for franchisors and franchisees.
Summarize the forms of business ownership and the advantages and disadvantages of each form.
Identify the levels of corporate management.
Describe recent trends in mergers and acquisitions.
Differentiate among private, public, and collective ownership.
A contractual business agreement between a manufacturer or another supplier and a dealer to produce and market the supplier’s good or service.
Prior Performance Record
Recognizable Company Name
Prove Business Model
Tested Management program
Linked to Reputation and Management
Franchise Agreement Restrictions
Benefits and Problems of Franchising
Public Ownership – a unit or agency of government
owns and operates an organization. Parking structures,
water systems, turnpike authority
Customer-Owned Businesses – collective ownership of a
production, storage, transportation or marketing organization