g You stumbled upon a news that a local store (Movie rental, liquor, deli, bridal shop, etc) where the owner wants to retire next month. The owner, a sole proprietor, showed you proof that the store can generate $1 million in revenue with $100,000 in net income (profit) consistently over the past 25 years. The owner is willing to sell the business to you at $400,000 (you negotiate down from $500,000), which is something that you can finance without too much trouble. What type of business ownership should you choose to start this business

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.