- The joining of firms in completely unrelated industries is a(n) ________ merger
- The actions of a fellow franchisee will affect your franchise. This is known as the
- The result of two firms (usually corporations) combining to form one company is called a
- A merger that joins two companies involved in different but related levels of an industry is a(n) ______ merger.
- Bruce is meeting with his accountant to choose whether his LLC is to be taxed as a partnership or a corporation. This advantage of forming an LLC is called:
- The joining of two firms in the same industry is a(n) __________ merger
- One company's purchase of the property and obligations of another company is a(n)
- Many brick and mortar franchisees are using ______ to expand their businesses online to lower costs and better meet the needs of their customers.
- Because of the difficulty in ending a partnership, decisions regarding what two areas should be spelled out in a partnership agreement?
- A key advantage of LLCs is _________ liability where personal assets are protected.
- LLCs can be taxed as ______ or ________, which allows the business owners to choose their method of taxation.
- When a soft drink company and a mineral water company merge and then are able to supply a variety of drinking products they have formed a(n) _________ merger.
- A merger that joins firms in completely unrelated industries is a:
- A company similar to an S corporation but without the special eligibility requirements is an:
- In a sole proprietorship, any debts or damages incurred by the business are your personal debts and you must pay them. This disadvantage is known as:
- A merger of two firms in the same industry that allows the companies to diversify or expand their products is a(n):
- Gathering leads on a company website, selling products and keeping up to date on news via email, and chat rooms all serve as examples of using ________ to assist franchisees and customers.
- An advantage of the separation of ownership from management in corporations is that the company can raise money from investors but the investors:
- While your are still your own boss as a franchise owner, your territory or selling boundaries may be regulated by the franchisor.
- Corporations can raise large amounts of money, take advantage of economies of scale, and hire experts in all areas of operation. This can be summarized as ______ advantage.