Business in Action 8th Edition by Courtland Bovee,John Thill

Exercise 17

Concept Integration. You've developed considerable expertise in setting up new manufacturing plants, and now you'd like to strike out on your own as a consultant who advises other companies. However, you recognize that manufacturing activity tends to expand and contract at various times during the business cycle (see Chapter 2). Do you think a single-consultant sole proprietorship or a small corporation with a half dozen or more consultants would be better able to ride out tough times at the bottom of a business cycle?