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11 Cards in this Set
- Front
- Back
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Vertical Mergers |
Two or more firms involved in different stages of producing the same good or service |
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Conglomerates |
A business combination merging more than three businesses that produce unrelated products or services |
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Multinational Corporation |
A large corporation that produces and sells its goods and services in more than one country |
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Cooperative |
A business organization owned and operated by a group of individuals for their shared benefit |
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Consumer Cooperatives |
A retail outlet owned and operated by consumers that sells merchandise to members at reduced prices |
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Service Cooperative |
A type of cooperative that provides a service rather than a good |
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Producer Cooperative |
An agricultural marketing cooperative that helps members sell their products |
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Nonprofit Organization |
An institution that functions much like a business, but does not operate for the purpose of generating profit |
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Professional Organization |
A nonprofit organization that works to improve the image, working conditions, and skill levels of people in particular occupations |
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Business Association |
A group organized to promote the collective business interests of an area or group of similar businesses |
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Trade Association |
Nonprofit organizations that promote the interests of particular industries |
