Partnership, Porters 5 Forces and Macro-environmental Factors for Fra-Pas Frozen Yogurt Shop

Running head: MANAGEMENT
Management
Name of the Student:
Name of the University:
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1MANAGEMENT
Table of Contents
1. Partnership as Business Type in Reference to Frank Jones and Paddy Jacksons Fra-Pas
Frozen Yoghurt Shop.................................................................................................................2
2. Porters 5 Forces for Analysis of Fra-Pas Yoghurt Business and how Achieve Competitive
Advantage by Managing Relationships with the Forces............................................................3
3. Three Macro-environmental Factors that will improve the Frozen Yogurt Business............5
References:.................................................................................................................................8

2MANAGEMENT
1. Partnership as Business Type in Reference to Frank Jones and Paddy Jacksons Fra-
Pas Frozen Yoghurt Shop
The concept of partnership refers to the business comprising of different individuals,
each owning a part of business (Siurdyban 2014). The association between partners and
duties of the partners is made clear in partnership agreement. It is s often found that each of
the partner have certain amount of investment in the partnership business. Besides, the share
of profits and loss of partnership depends on the percentage share of the ownership of each of
the partners.
However, the concept of partnership has undergone massive changes over years as
businessmen have introduced newer features to older forms of business. The new types of
partnership intend to reduce the partnership liability issues (Cohen 2017). It is to be noted
that Partnerships formed following the laws of the state laws therefore certain types of
partnership might not be existent in some of the states. The two types of partnership include:
General Partnership
The concept of general partnership refers to partnership comprising of only the
general partners (Allen and Kraakman 2016). Here each of the general partners plays a role in
managing the business while taking responsibilities for the business liabilities. Suing of one
business partner will hold the others liable and hence this form of partnership is less
desirable.
Limited Partnerships