Please answer in 200 words or more.  Part 1: Your friend is considering opening their own business and has asked you for some advice. Please share your knowledge to help them build a successful business.  Part 2: Provide (two) advantages and (two) disadvantages for each of the following:  I. Sole Proprietorship II. Partnership III. Corporation      3. Lastly, identify which format your friend should select for their business. Be sure the answer refers to the                     specific product and or service industry and connects to the information you provided in Part II above.

Principles Of Marketing
17th Edition
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Kotler, Philip, Armstrong, Gary (gary M.)
Chapter1: Marketing: Creating Customer Value And Engagement
Section: Chapter Questions
Problem 1.1DQ
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Please answer in 200 words or more. 

  1. Part 1: Your friend is considering opening their own business and has asked you for some advice. Please share your knowledge to help them build a successful business. 
  2. Part 2: Provide (two) advantages and (two) disadvantages for each of the following: 
  • I. Sole Proprietorship
  • II. Partnership
  • III. Corporation

     3. Lastly, identify which format your friend should select for their business. Be sure the answer refers to the                     specific product and or service industry and connects to the information you provided in Part II above. 

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