Lesson 4
Choosing the Right Type of Business Organization

In this lesson, students will learn about the four types of business organizations: sole proprietorship, partnership, corporation, and franchise. Students will play a concentration game to better understand the features, advantages, and disadvantages of each type. Students will then analyze four scenarios and recommend the type of business organization that is most appropriate for each case. The lesson concludes with an analysis of how each type of business organization plays an important role in the U.S. economy.


  • Corporation
  • Opportunity Cost
  • Partnership
  • Sole Proprietorship

Standards in Economics and Personal Finance

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