Define and explain the following key core vocabulary concepts:

Define and explain the following key core vocabulary concepts

 Define and explain in your own words the following key core vocabulary concepts:

1. Sole Proprietorships

2. Partnerships

3. Corporations

4. S Corporations

5. Limited Liability Company (LLC)

6. Distribution Channels (wholesalers, retailers and sales agents)

Part 2:

From the textbook “Small Business Management” author Mary Jane Bird\ Leon C. Megginson. Please read Case Study 3.1 on pages 71 to page 72. and answer the 3 questions at the end of the case.

Answer preview for Define and explain in your own words the following key core vocabulary concepts

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