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According to the textbook,there has been a trend toward
Borrowing Funds
The act of obtaining money from another party, typically a financial institution, under the agreement to repay it, often with interest, at a later date.
Bringing in Partners
The process of adding one or more individuals as business partners, typically to share ownership, responsibilities, and benefits of operating a business.
Sole Proprietorship
A business owned and operated by a single individual, where there is no legal distinction between the owner and the business.
Federal Trade Commission's Franchise Rule
A regulation issued by the FTC that requires franchisors to provide detailed disclosures to potential franchisees, to ensure they have the necessary information before investing.
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