Chapter 8, Problem 19AA

To determine

To ascertain the business name that comes under what business forms and why owners probably chose this form.

Explanation of Solution

Business name	Business form	Why owner probably chose this form
Mercy Restaurant	Sole Proprietorships	Because they wanted to enjoy having creative control and being boss of their own.
Subway sandwich shop	Partnership	Burdens are lessening as works are distributed among them.
A’s pharmacy	Franchise	Because it provides the opportunity to proceed business without the debt risk or the equity cost.
Wal- Mart	Corporation	One of the advantages of corporation is limited liability.

 Businesses provide both goods and services and jobs. This is the process by which much of the goods and services that as a consumers want and need are obtained.

Economics Concept Introduction

Introduction:    Business entity is an organization that uses economic resources to provide goods or services to customers for money or for other goods and services. Corporate companies come in various styles and modes of ownership.