About This Chapter
Business Types & Planning - Chapter Summary
Video lessons included in this chapter can help you review the different types of business. Instructors cover business plan components and rationales along with the benefits and drawbacks of the following types of ownership:
- Sole proprietorships
Whether you access material in the form of brief, illustrated video lessons or the matching transcripts, instructors teaching this chapter explain content in a way that's both entertaining and easy to follow. Short quizzes are also included if you'd like help determining when you've mastered the concepts covered in each lesson.
1. What is a Sole Proprietorship? - Definition, Advantages, Disadvantages & Examples
Many businesses start out as sole proprietorships. In this lesson, you'll learn what a sole proprietorship is and its advantages and disadvantages. You'll also have a chance to reinforce your knowledge with a short quiz.
2. The Basics of Partnerships: Types & Examples
Partnerships are a common way to organize a business in the United States. In this lesson, you'll learn about different types of business partnerships and their respective advantages and disadvantages. A short quiz follows the lesson.
3. Corporations: Types, Advantages, Disadvantages & Examples
Corporations are a popular form of business organization for large and small businesses. In this lesson, you'll learn about the advantages and disadvantages of a corporation. You'll also learn about S-corporations and C-corporations.
4. Franchises: Opportunities and Challenges
Franchises offer a way for a person to start a proven business. In this lesson, you'll learn about franchises, including their advantages and disadvantages. You'll also learn about diversity and global challenges in franchising.
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Other chapters within the High School Business for Teachers: Help & Review course
- Fundamental Concepts in Accounting
- Recording & Planning in Accounting
- Accounting Analysis & Evaluation
- Economic Activities & Markets
- Business Markets & Globalization
- Banking & the Federal Reserve
- Entrepreneurship & Start-Ups
- Basics of Marketing Strategy
- Business Management Functions
- Management Theory for the Business Environment
- Concepts in Human Resource Management
- Resource Management & Training
- Compensation & Performance Review
- Principles of Business Ethics
- Principles of Business Law
- Employment Law Basics
- International Business Strategies
- Verbal Communication in the Workplace
- Written & Electronic Communication
- Presentations and Reporting
- Computer Use in Business
- Information Technology in the Business Environment
- Internet Technologies in Business
- Business Information Privacy and Security