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Eric wants to open a shoe store with his best friend. Which type of business should he pursue?

A. General partnership
B. Franchise
C. Non-profit
D. Sole proprietorship

Answer :

Final answer:

Eric should pursue a franchise to open a shoe store with his friend, as it offers established brand recognition and proven success.


Explanation:

Eric should pursue Option B: Franchise to open a shoe store with his best friend. In a franchise, Eric and his friend would enter into a contractual agreement with an existing shoe store brand, allowing them to use the brand name, products, and business model. This offers the advantage of established brand recognition, marketing support, and proven success of the franchise.


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