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<P>contemporary business chapter5<BR><BR>C H A P T E R 5<BR>Options for Organizing<BR>Small and Large<BR>Businesses<BR>Learning Goals<BR>1. Distinguish between small and large businesses, and identify the industries<BR>in which most small firms are established.<BR>2. Discuss the economic and social contributions of small business.<BR>3. Compare the advantages and disadvantages of small business.<BR>4. Describe how the Small Business Administration assists small-business<BR>owners.<BR>5. Explain how franchising can provide opportunities for both franchisors<BR>and franchisees.<BR>6. Summarize the three basic forms of business ownership and the<BR>advantages and disadvantages of each form.<BR>7. Identify the levels of corporate management.<BR>8. Describe recent trends in mergers and acquisitions.<BR>9. Differentiate among private ownership, public ownership, and collective<BR>ownership (cooperatives). </P>
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