Types of Business Ownership

This is found in Chapter 6 of the textbook.
Read p. 120 - 130.
Do p. 123 q. 1 (Check your Understanding), p. 128 q. 1, p. 133 Q. 1

Be sure to know the advantages and disadvantages to the following types of business ownership:

• Sole proprietorship
• Partnership
• Corporation

Other topics covered:  primary, secondary, and tertiary industries, horizontal and vertical integration.


Refer to list of terms given in class.