Day 25

After studying Lesson 5-2, you will be able to:

  1. Understand the three major forms of business ownership.
  2. Determine when each form of business ownership is most appropriate.
  3. Recognize other specialized business ownership forms.

Assignment 5.2.1

  1. Obtain a copy of the notes handout.
  2. Read Lesson 5-2 on pages 106-111.
  3. As you read, utilize this presentation to help you fill in the missing parts on the handout.

Assignment 5.2.2

  1. Lesson 5-2 Assessment

Assignment 5.2.3

  1. Watch this short video depicting why Jean-Pierre Leblanc chose to own and operate a franchise.
  2. Use the internet to find information on a franchise opportunity related to a current career interest of yours.  
  3. Make a copy of this Google Document, rename it Franchise-(Your Initials), and place it in your Chapter 5 folder.
  4. In your document, complete the table to describe the franchise, the products or services, the investment requirements, and the benefits of becoming a franchisee.