asked 39.1k views
1 vote
Eric wants to open a shoe store with his best friend. Which type of business

should he pursue?
A. General partnership
B. Franchise
C. Non-profit
D. Sole proprietorship
1

asked
User Ptkvsk
by
8.2k points

1 Answer

5 votes

Final answer:

Eric should pursue a franchise to open a shoe store with his friend, as it offers established brand recognition and proven success.


Step-by-step explanation:

Eric should pursue Option B: Franchise to open a shoe store with his best friend. In a franchise, Eric and his friend would enter into a contractual agreement with an existing shoe store brand, allowing them to use the brand name, products, and business model. This offers the advantage of established brand recognition, marketing support, and proven success of the franchise.


Learn more about Choosing the right type of business for opening a shoe store

answered
User Dan Parker
by
7.8k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories