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The Finance and Human resources function oversees the benefits of the employs and the hiring of new employees. The human resources department oversees the agreements and the relationships with the business and the community.

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The sales and marketing function oversees the advertising and the sales of the product or service. They also help buy the things needed for advertising.

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The Administration controls and oversees all the things involved with the business such as the transactions that they need to buy the things for either the service or goods. They also all the other functions.

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There are 6 main business functions are: administration, Sales in Marketing, Finance and HR, Information and Technology, Operations of manufacturing, and finally accounting.

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there are many things that go into consideration when buying a franchise. you first need to interview the franchiser to see if they are easy to work with. Then see how it is organized and other things that you need to do when buying a business.

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Franchises are usually easier to maintain than regular small business because they have more training that normal employs in small businesses because they have a proven system of work.

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A franchise is a business where the franchisee organizes the distribution of a product or service and has multiple locations of distribution. Franchisees usually gain ownership of a trademark. they are also an already established business. They also have strength in numbers because they have many locations.

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In this type of business, no one can buy interest in the business and the owner is responsible for all liability for debts in the business,

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A sole partnership is a business that is owned by one person with no one else involved with starting the business or running it. It is easy to start with only about 2 things you have to do to have a sole partnership, but at the same time, there is a lot of liability involved in starting the business.

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agreement between business members.

Advantages: Easy to start, can rely on name and expertise, can be guided by franchiser.

disadvantages: Franchiser can be strict,  limited in products to sell, and has to operate like every other franchise in the chain.

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Owned by stock holders
Advantages: raise money by selling stock. Limited liability.
Disadvantages: taxed on profits, harder to start, and regulated closely by government.

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Advantages: easy to obtain capital and partners share skills as well as the risks.
Disadvantages: they share the profits. They have an unlimited liability, and they might not like each other.

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they keep the profits and they are also easy to start. The disadvantages are that the owner has to pay for all of the debts and the expenses out of pocket. Might lack business skills.

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Non profits are organized as a corporation. Credit unions are non profit organizations. They are organized by a corporation.

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Non profits can apply for a tax exempt business if they ask the IRS

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A non profit business uses all funds to achieve their goal while profit business use the money earned to pay employs and to

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You can be a customer and a and a consumer at the same time such as when you are at a restaurant.

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The difference between a want and a need is the want is something that you can survive without and a need is something you have to have to survive.

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The difference between a consumer and a customer is that the customer byes the product and the consumer uses the product.