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20 Cards in this Set
- Front
- Back
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sole proprietorship
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a business owend by one person
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unlimited liability
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owner is responsible for the companys debts
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partnership
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business owend by 3 people
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corporation
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compony that is registerd by the state and operates apart from the owner
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limited liability
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holds a firm owners responsile for no more then the capital that they have invested in
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cooperative
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orginizeation that is owend by and operated by there members
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nonprofit organization
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is a service that focuses on providing a service
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franchise
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a contractual agrement to use the name
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producer
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business that gathers raw goods
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processor
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changes raw muteral into more finished meteral
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manufactures
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business that makes finished products out of processers
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interrmediary
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moves goods to places
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wholesaler
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buys goods then releses them
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retailer
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buys goods from wholesalers then sells the goods
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producing
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proces of creating
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pocurement
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buying and relading goods
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markiting
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proces of planeing
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management
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proces of echiving goals by planing
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finance
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business of art of money manege ment
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accounting
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involevs mantaing and checing records
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