Lesson 4.01 Types of Businesses

Complete 4.01 Business Types. You may use any of the learning materials in this lesson to complete the task.

Task Directions:

List five advantages and disadvantages of sole proprietorships, partnerships, and corporations.

When you finish the task, submit it to the 4.01 Business Types Dropbox.

Go to Franchises and select a franchise that interests you and that you think could be profitable in your area. Hint: Click on the "See the Top 50" link located at the top of the page to see a larger list of franchises.

After you select a franchise, go to 4.01 Franchises Discussion and make a post that contains the following information:

1. The franchise you chose
2. The good or service it provides
3. The total number of franchise units in the United States
4. The amount of the franchise fee
5. How much liquid assets one would need to operate one of the franchise's stores
6. A paragraph that explains why you think the franchise would be profitable in your area

Respond to two classmates and comment on their choice of business and whether or not you think it is a good idea.

Each year, FORTUNE magazine compiles a list of the 500 largest corporations in the United States and ranks them by the amount of revenue they generated during the year. Collectively, these corporations are known as the Fortune 500.

In recent years, well-known brands such as ExxonMobil, Walmart, General Electric and Chevron have been ranked near the top of the list. To be a Fortune 500 company is widely considered a mark of prestige. The collective performance of the Fortune 500 companies may be seen as one indicator of the country's overall economic performance.

Use the information you find on the two resources below to complete 4.01 Corporations.

1. Fortune 500 2014

2. Gross Domestic Product 2013

You will learn in later lessons the specifics of Gross Domestic Product (GDP). For this assignment simply know that GDP for a country is the value of everything a country produces in a given year. To give you an idea about how large some of the corporations are, you will be asked to compare the sales for certain companies against the value of entire countries.

When you finish the task, submit it to the 4.01 Corporations Dropbox.

You should visit the website of the company you choose to learn more specific information.

Go to the Quizzes section and take the 4.01 Businesses Types Quiz.