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Question
mr. martin owns a neighborhood shop that used to be called martins flowers. now his shop is called flowers galore, just like the shops you have seen in other towns and in the mall.
what change did mr. martin most likely make?
a from limited to general partnership
b from sole proprietorship to franchise
c from corporation to general partnership
d from sole proprietorship to corporation
A sole proprietorship is a business owned by one person (like "Martin’s Flowers" likely was, as it had his name). A franchise uses a well - known brand name and business model, and "Flowers Galore" being like shops in other towns/malls suggests a franchise. Option A: Partnership change isn't indicated. Option C: Corporation to partnership is illogical here. Option D: Corporation is a different structure, and the name change to a franchise - like name doesn't fit corporation. So the change is from sole proprietorship to franchise.
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B. from sole proprietorship to franchise