Tell me the category this business falls under
Group of answer choices
Subway
[ partnership, corporation, Non-Profit, Sale proprietorship, franchise ]
St. Jude's research hospital
[ partnership, corporation, Non-Profit, Sale proprietorship, franchise ]
Pepsi Cola
[ partnership, corporation, Non-Profit, Sale proprietorship, franchise ]
Jason and Johnny's Lawn Care (Both Owners)
[ partnership, corporation, Non-Profit, Sale proprietorship, franchise ]
Jane's Flower Shop
[ partnership, corporation, Non-Profit, Sale proprietorship, franchise ]
Sonic
[ partnership, corporation, Non-Profit, Sale proprietorship, franchise ]
American Red Cross
[ partnership, corporation, Non-Profit, Sale proprietorship, franchise ]
McDonalds
[ partnership, corporation, Non-Profit, Sale proprietorship, franchise ]
Toys "R" Us
[ partnership, corporation, Non-Profit, Sale proprietorship, franchise ]
Wal-Mart
[ partnership, corporation, Non-Profit, Sale proprietorship, franchise ]
Subway: franchise
St. Jude's research hospital: Non-Profit
Pepsi Cola: corporation
Jason and Johnny's Lawn Care (Both Owners): partnership
Jane's Flower Shop: sale proprietorship
Sonic: franchise
American Red Cross: Non-Profit
McDonalds: franchise
Toys "R" Us: corporation
Wal-Mart: corporation
To determine the category each business falls under, we need to analyze the options given and their characteristics.
1. Subway: Subway is a franchise, which means it is a type of business where an individual or group buys the rights to operate under an established brand name and business model.
2. St. Jude's Research Hospital: St. Jude's Research Hospital is a non-profit organization. Non-profit organizations are established to promote a social cause, such as advancing scientific research, and they operate with the purpose of reinvesting their earnings into their mission rather than distributing profits to shareholders.
3. Pepsi Cola: Pepsi Cola is a corporation. Corporations are entities formed by individuals to conduct business and are recognized as separate legal entities from their owners. They often have shareholders who hold ownership stakes and may distribute profits through dividends.
4. Jason and Johnny's Lawn Care: This particular business is a partnership. A partnership is formed when two or more individuals join forces to establish a business and share the profits, liabilities, and control.
5. Jane's Flower Shop: Jane's Flower Shop is a sale proprietorship. A sole proprietorship is a business owned and operated by a single individual. The owner retains all profits and assumes all liabilities of the business.
6. Sonic: Sonic is a franchise. Similar to Subway, Sonic is a business model where individuals or groups can buy the rights to operate under the established Sonic brand.
7. American Red Cross: The American Red Cross is a non-profit organization. Just like St. Jude's Research Hospital, it operates with a mission to serve public welfare and reinvests its funds into fulfilling its objectives.
8. McDonald's: McDonald's is a corporation. It is a global fast-food chain that operates as a separate legal entity from its owners, with shareholders and the ability to distribute profits.
9. Toys "R" Us: Toys "R" Us is a corporation. It was a retail chain that operated as a separate legal entity with shareholders before its closure.
10. Walmart: Walmart is a corporation. It is a multinational retail corporation that operates under a separate legal entity and has shareholders.
In summary:
- Subway, Sonic, and Toys "R" Us are franchises.
- St. Jude's Research Hospital and American Red Cross are non-profit organizations.
- Pepsi Cola, McDonald's, and Walmart are corporations.
- Jane's Flower Shop is a sole proprietorship.
- Jason and Johnny's Lawn Care is a partnership.