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    Which Of The Following Types Of Businesses Must Pay A Percent Of Sales To A Larger Company That Owns The Product Or Service Sold? (a)proprietorship (b)franchise (c)partnership (d)corporation

    My answer was B franchise. Is this correct? Plz help thanks

    asked 6 months ago

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    • In corporation the profit is divided among the shareholders.
    • In Partnership two or more people open a business and divide the profit and loss.
    • In Sole proprietorship only one person is a owner and he gets all the profit and loss of the business.
    • In franchise there are two companies one parent and the the child company (which uses parent company's name) and child company must pay some specific percentage to its parent company on product sale

    So the answer is B) Franchise

    answered 6 months ago   

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      Dear,
              i appreciate your selection but you should have to know that what the sole proprietorship,franchise,partnership and corporation is?what are their definitions.
       
      sole proprietorship: A business in which an individual and his company are considered as a single entity for liability and tax.it is not registered company.
      You have to think on it that can u manage to built your business or not?
       
      franchise :  A business method that involves a licencing and trade mark,you have to see that will u manage to buy the licence from the company to buy their product.
       
      partnership:  In which two r more than two persons involved and they share equal profit and loss.
       
      now its up to you that which is suitable for you.
       
      best regards
       
       
       

      answered 6 months ago   

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