Identify which type of business is best for each scenario.

1- Identify which type of business is best for each scenario. -Colonel Sanders owns Pick-A-Chick, a very popular fast food chicken restaurant. His marketing and branding of the business has been the key to his success. The Colonel wants to open Pick-A-Chick restaurants in other locations. He licenses his branding and secret recipes to Sally in Southfield, Devon in Detroit, Lonnie in Livonia, Ariella in Allen Park, and Ilse in Inkster. What business structure is this?

2-Every year at Michigan State University, students in the Sustainability Program and in the Agriculture Program, operate a fresh-produce grocery store. Only those students who supply the produce or who work in the store may purchase food there. What business structure is this?

Joint Stock Company Franchise Limited Partnership Sole Proprietorship Syndicate Limited Liability Partnership Joint Venture Partnership Business Trust Cooperative