Understanding Business 10th Edition by William Nickels,James McHugh,Susan McHugh

Exercise 3

Research businesses in your area and identify sole proprietorships, partnerships, corporations, and franchises. Arrange interviews with managers using each form of ownership and get their impressions, hints, and warnings. (If you are able to work with a team of fellow students, divide the interviews among team members.) How much does it cost to start How many hours do they work What are the specific benefits Share the results with your class.