and Private Exchanges
Please list down all the three main forms and show the main different between them.
What are the paths to business ownership? What are the sources of business idea? Please demonstrate your answer to these two questions.
Compare the differences between unlimited and limited liability? What kind of business are allowed to operate such a form of unlimited liability in Cambodia? Why?
What are the differences between joint venture, merger, and acquisition? Explain the three major types of merger with business examples in Khmer.
What is franchise? How many types of franchise?
Please explain the advantages and disadvantages of franchise.

BASIC FORM OF BUSINESS
OWNERSHIP
Sole Trader Proprietorship
FORM OF
OWNERSHIP
Partnership
Corporation
General partnership
Limited partnership
Master Limited
Partnership
Private Limited company
Public limited company

1. Starting a new business
2. Buying an existing business
3. Franchising a business

4. Inheriting a business
(Reluctant person or lucky enough)
4. Hiring to be the professional manager

SOURCES OF BUSINESS IDEA
The traditional business school
The family business school
The corporate business school
The business school of the streets

SOURCES OF BUSINESS IDEA

SOURCES OF BUSINESS IDEA

SOURCES OF BUSINESS IDEA
The Corporate Business Schools

SOURCES OF BUSINESS IDEA
The Business School of the Streets

DIFFERENCES BETWEEN LIMITED
AND UNLIMITED LIABILITY
LIMITED LIABILITY: The responsibility of a business's owners for losses only up to the amount they invest; limited partners and shareholders have limited liability.
UNLIMITED LIABILITY: The responsibility of business owners for all of the debts of the business
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DIFFERENCES OF JOINT VENTURE,
ACQUISITION, AND MERGER
JOINT VENTURE:
MERGER: The result of two firms forming one company.
ACQUISITION: One company's purchase of the property and obligations of another company.
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Concentration
Supply chain
Vertical
Integration
Concentric diversification
Primary/Related Industry
Unrelated
Industry
Vertical
Integration
Distribution
Channels
Conglomerate diversification
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• FRANCHISE: The right to use a specific business's name and sell its products or services in a given territory.
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
Trade name

Product distribution

Pure (Business format)
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WHAT ARE THE ADVANTAGES
OF FRANCHISE?
• Management and marketing assistance
• Personal ownership
• Nationally recognized name
• Financial advice and assistance
• Lower failure rate
• Standardized quality of goods and services
• Site selection and territorial protection
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WHAT ARE THE DISADVANTAGES OF
FRANCHISSE?
• Large start-up costs
• Shared profit
• Management regulations
• Coattail effects
• Restrictions on selling
• Fraudulent franchisers
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