LECTURE OUTLINE AND LECTURE NOTES

III. Types of Business Ownership. Learning objective 2. Discuss the types of business ownership and the advantages and disadvantages of each. (Text pages 144-151) A. About 650,000 new businesses are started in the U.S. each year. 1. Two-thirds of these businesses survive at least two years. 2. However, about 56% will fail in the first four ... ................
................