Monday, February 22, 2016

8.2: Partnerships and Franchises

8.2: Partnerships and Franchises
  • Guiding Question (p.196): Create Chart
  • Characteristics of Partnerships (p.197): #1 & 2
  • How Can a Small Business Grow (p.199): #1 & 2
  • Global Impact (p.200): What are some of the difficulties that business might encounter in their efforts to expand in other countries?
  • Section 2 Assessment (p.201): #1, 2, 3, 4, 5, 6, 7, 8
  • How do limited liability partnerships compare with general partnerships?
  • Items often covered under articles of partnership?
  • Financial advantages of partnerships?
  • Money and other valuables make up a person’s or firm’s __________________.
  • A semi-independent business that pays fees to a parent company in exchange for the exclusive right to sell a product or service is a(n) _____________________.
  • Three kinds of businesses that are often general partnerships: 
  • Thinking of your own virtual business, would it work as a partnership?  Would it work as a franchise?  Why or why not?



  • What product did William Procter make when he first arrived in Cincinnati?  What kind of business organization did he have?
  • What kind of liability did Procter have when he first started his business?
  • What were the immediate benefits of the partnership?
  • Why did Procter and Gamble end their partnership? What benefits were they looking forward to?
  • What is a Franchise?


    How Franchising Works: An Illustrated Guide

    SUBWAY Story: What is Franchising?

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