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.
17,972,424 questions answered
Popular Conversations
Weegy Stuff
S
L
1
1
1
1
L
1
L
Points 2722 [Total 15097]| Ratings 0| Comments 2722| Invitations 0|Offline
S
L
1
L
P
C
1
P
C
1
L
Points 1649 [Total 11130]| Ratings 4| Comments 1609| Invitations 0|Offline
S
1
L
1
L
P
P
L
Points 899 [Total 13128]| Ratings 0| Comments 899| Invitations 0|Offline
S
L
Points 615 [Total 2014]| Ratings 0| Comments 615| Invitations 0|Offline
S
1
L
L
Points 519 [Total 6313]| Ratings 3| Comments 489| Invitations 0|Online
S
Points 482 [Total 482]| Ratings 0| Comments 452| Invitations 3|Offline
S
Points 454 [Total 455]| Ratings 6| Comments 394| Invitations 0|Offline
S
Points 277 [Total 277]| Ratings 1| Comments 267| Invitations 0|Offline
S
L
Points 48 [Total 1265]| Ratings 1| Comments 38| Invitations 0|Offline
S
P
C
L
P
L
1
Points 48 [Total 6282]| Ratings 0| Comments 48| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.