1. Business Firms Nov 12th, 2013

2. Proprietorship  A business that has 1 Owner

3. Partnership  A business organization where there are 2 or more owners

4. Corporation  Organization of people that are legally bound together by a charter to conduct some type of business  Owned by stockholders

5. Multinational Business  A business that sells and produces in multiple countries  Examples?

6. Non-Profit Organization  An organization that does not have profit as its objective  Examples?

7. Franchise  A contract between a parent company (franchiser) & some other business or individual (franchisee) that details the terms under which the franchisee does business with products, names, or other services of the franchiser

8. “ My Business ” Classwork  If you had to start a business, what goods or services would it provide? Explain why (min:1 Paragraph). Use today ’ s notes to describe how you would organize your business (min:1 Paragraph) and explain why. Go into details about your business and how you could make it successful (min: 1 paragraph). This should be a minimum of 1 page.