EL5732 Assignment 3: Business Types

Assignment 3
(20 points)
Assignment 3: Business Types
Instructions

Save this file in your course folder, and name it with Assignment, the section number, and your first initial and last name. For example, Jessie Robinson's assignment for Section 1 would be named Assignment1JRobinson.

Type the answers to the assignment questions below. 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 Questions

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)
Chip, cereal, milk, soda, food

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) Mcdonalds, dominos, jack in the box 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)

Check the price see if it was a nice fabric and where it originated from.

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. 6.0 points)

I could start a corporation this structure would be good because we would never go bank rupt or any thing that’s how good this structure would be set up

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)
Accounting , call center and employes we need all these departments that’s why they are so important.

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) a product that has saturated market is doritos it a very saturated market .