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17 Cards in this Set
- Front
- Back
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sole proprietorship
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is a business owned bt one person.
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umlimited liability
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means the owner is responsible for the company's debts.
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partnership
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is a business owned by two or more people who share its risks and rewards.
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corporation
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is a company that is registered by a stae and operates apart frome its owners.
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limited liability
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hold a firm's owners responsible for no more than the capital that they have invested in it.
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cooperative
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is an organization that is owned and operated by its member.
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nonprofit oeganization
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`or nonprofit is a type of organization that focuses on providing a service but not to make a profit.
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franchise
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is a contractual agreement to use the name and sell the products or services of a company in a designated geographic area
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producer
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is a business that gathers raw goods
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processor
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changes raw materials into more finished products.
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manufacturer
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is a business that makes finished product out of processed goods.
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intermediary
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is a business that moves goods fromone business to another.
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wholesaler
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distributes goods
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retailer
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puchases goods from a wholesalers and sells them to consumersthe final buyers of goods.
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production
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is the process of creating expanding manufacturing or improving good and services.
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marketing
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is the process of planning pricing promoting selling and distributing ideas goods and services
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management
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is the
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