Explain how the following business organizations grow, sole proprietorship, partner ship, corporation, and franchise.

These organization types are basically divided by stakes and ownership of the firm.

Explanation:

In a sole proprietorship only one person owns the organization and also own all the stake to it which is usually the characteristic of a small firm or a small business.

Partnership is when two or more partners own a company together and are also shareholders in it.

Corporations are those organizations that are run by a single person or another parent organization but is open stock and can be sold for stock in the stock market itself and is owned for assets by many.

Franchises are those in which the stakeholders hold enormous power in the hold of the company and no single person can claim complete ownership to it.

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