Question and answer
What were the advantages and disadvantages to Sonic of each form of business ownership?
The advantages and disadvantages of different forms of business ownership are very important factor and plays a major role in the success of the entrepreneur. [ There are various types of business ownerships and all of them have their own advantages as well as disadvantages. On Advantages and Disadvantages of Different Forms of Business Ownership The advantages and disadvantages of different
forms of business ownership are of immense importance when it comes to choosing any one of them. Some of the business ownership forms and their merits and demerits are the following: Advantages and Disadvantages of Initiating a Business There are several advantages and disadvantages of initiating a business. The owner retains complete control over the business procedures and is the sole authority of the business. The main disadvantage is that there are a lot of risks involved in these cases and the owner faces all these risks individually. Advantages and Disadvantages of Purchasing Established Companies The main plus point of buying an existing company is that the owners do not have to spend much money in laying the foundations for the new business. At the same time the basic infrastructure of the business is already there. On the other hand, if there is any problem with the workers, administration or with the products, the new owner of the business might have to face a hard time. Advantages and Disadvantages of Purchasing a Franchise The main advantage of buying a franchise is that the owner would have the assistance of a successful network. The necessary experience is also provided by the main company. To add to it, if the franchiser has a good reputation then the business would pick up as well. Lack of freedom is one of the major drawbacks of this form of business ownership. Advantages and Disadvantages of Network Sales Business The main advantage of a network sales business is that the owner can make substantial amount of profits without having to invest too much of capital. However the main disadvantage of this form of business ownership is related to the network itself. ]
Expert answered|mrwylie|Points 70|
Question
Asked 5/5/2012 1:29:43 PM
0 Answers/Comments
Get an answer
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
20,578,919 questions answered
Popular Conversations
what is 1 - 100
Weegy: 4(3)^2 - 10(2) = 4(9) - 20; = 36 - 20; = 16 User: what is 1 + 1 Weegy: "What" is used with a noun in ...
4/25/2015 11:26:02 AM| 3 Answers
Which of the following best describes ...
Weegy: The ability to be hammered thin best describes malleability. User: Which of the following is always true ...
4/25/2015 5:51:30 AM| 2 Answers
Which word in the sentence functions as an objective complement? The ...
Weegy: An objective complement is a noun, adjective, or pronoun serving as a complement to a verb and qualifying its ...
4/25/2015 3:38:07 PM| 2 Answers
-12 + 7 + (-1) = User: 19 + (-27) =
4/25/2015 5:32:17 PM| 2 Answers
The Indo-European languages are believed to have originated ...
Weegy: Indo-European languages originated 7,800 to 9,800 years ago in Anatolia present day Turkey. [ The Indo-European ...
4/26/2015 10:36:09 AM| 2 Answers
Which of the following is the least important factor of a personal ...
Weegy: The time of day physical activity will be performed is the least important factor of a personal fitness program. ...
4/25/2015 12:05:36 AM| 1 Answers
Nutritional labels list only healthy nutrients.
4/25/2015 12:12:38 AM| 1 Answers
Weegy Stuff
S
L
Points 712 [Total 2289]| Ratings 1| Comments 702| Invitations 0|Offline
S
L
Points 633 [Total 1200]| Ratings 2| Comments 613| Invitations 0|Offline
S
P
C
L
P
L
1
P
P
1
Points 432 [Total 8309]| Ratings 3| Comments 402| Invitations 0|Offline
S
Points 418 [Total 418]| Ratings 0| Comments 418| Invitations 0|Offline
S
Points 210 [Total 210]| Ratings 1| Comments 200| Invitations 0|Offline
S
Points 197 [Total 197]| Ratings 2| Comments 177| Invitations 0|Offline
S
1
L
L
Points 172 [Total 8166]| Ratings 0| Comments 172| Invitations 0|Offline
S
L
1
R
Points 128 [Total 1200]| Ratings 1| Comments 118| Invitations 0|Offline
S
L
Points 124 [Total 3727]| Ratings 0| Comments 124| Invitations 0|Offline
S
1
L
1
Points 43 [Total 3484]| Ratings 1| Comments 33| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2015 Purple Inc.