Question

match each business type with its main strength for a new business owner. (2 points)
franchise
partnership
nonprofit organization
sole proprietorship
corporation
financial duties and resources are shared among owners
the owner has complete control over all business decisions
operates with a proven model for success and brand recognition
owners have limited liability for business debts
qualifies for tax - exempt status by serving a public cause

Explanation:

• Franchise: A franchisee benefits from an established business model and brand, which is a key strength.
• Partnership: In a partnership, multiple owners share financial aspects, which is its main strength.
• Nonprofit Organization: Serving a public cause to get tax - exempt status is its core strength.
• Sole Proprietorship: The sole owner's complete control is its defining strength.
• Corporation: Limited liability for owners is a major advantage of a corporation.

Answer:

Franchise - Operates with a proven model for success and brand recognition
Partnership - Financial duties and resources are shared among owners
Nonprofit Organization - Qualifies for tax - exempt status by serving a public cause
Sole Proprietorship - The owner has complete control over all business decisions
Corporation - Owners have limited liability for business debts