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Business - Coggle Diagram
Business
Forms of ownership
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partnership agreement
a written and legal agreement between business partners. It is not essential to have this but is recommended
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unincorporated business
one that does not have a separate legal identity. Sole traders and partnerships are unincorporated businesses
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franchise
A business based upon the use of the brand names, promotional logos and trading methods of an existing successful business. The franchisee buys the license to operate this business from the operator
Break even analysis
break even charts
graphs which show how costs and revenues of a business change with sales. They show the level of sales a business must made in order to break even
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