Type the answers to the assignment’s questions. Use complete sentences unless the question says otherwise. You will have more than one day to complete an assignment. At the end of each day, be sure to save your progress.
Review Lesson 4 of the Course Overview for instructions about turning in your assignments.
Assignment 3: Business Types
(20 points)
In Section 3, you learned about business types. Now, you’ll apply what you learned.
1. List five staple convenience goods that you or your household buys on a regular basis. (You do not need to use complete sentences. 2.5 points)
2. List three impulse convenience goods that you or someone you know has purchased. (You do not need to use complete sentences. 2.5 points)
3. Describe a shopping good that you or someone you know purchased. What kind of research did you or that person do before buying the product? (1-5 sentences. 3.0 points)
4. Choose an example of a company you could start, and decide which business structure would make the most sense for that type of company (sole proprietorship, partnership, LLC, C corporation, S corporation, or nonprofit corporation). Explain why this structure would be good for this type of company. Give at least 3 reasons. (3-6 sentences paragraphs. 6.0 points)
5. If you were starting a new business, describe at least three departments to the company that you would need right away. Why are these departments so important? (1-5 sentences. 3.0 points)
6. Describe a product that you think has saturated its market. What makes you think it has saturated its market? (1-5 sentences. 3.0 points)
0 comments