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18 Cards in this Set
- Front
- Back
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a common business in the U.S.. One person owns and runs business, easy to start
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sole proprietorship
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a business jointly owned by 2 people where all partners are responsible for management and financing
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general partnerships
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a partnership in which at least one member of it is not active in the daily running but contributes financially
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limited partnership
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form of business organization recognized by law as having all the rights of an individual.
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corporations
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where 2 or more businesses that produce the same product combine
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horizontal merger
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when businesses involved in different steps of manufacturing or marketing join together
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vertical merger
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a firm that has at least 4 businesses that make unrelated products
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conglomerate
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corporation that has manufacturing or service operations in a number of different countries
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mulinational corporation
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operates in a businesslike way to promote the collective interests of its members rather than making money
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nonprofit organization
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voluntary association that buys bulk amounts of goods such as food and clothing on behalf of its members. Consumers offer their services to keep costs down.
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Coonsumer Cooperative
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provides services such as insurance, creit, and baby-sitting
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service cooperative
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helps members promote or sell their products
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producer cooperative
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organization of workers formed to represent its members interests in various employment matters
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labor union
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negotiating with management over issues such as pay, workinghours, healthcare coverage, life insurance, vacations.
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Collective bargaining
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promotes welfare of its members and the community, sponsors education programs, cleanup campaigns, etc.
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chamber of commerce
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nonprofit organization sponsered by local businesses to provide general information on companies
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bettter business bureau
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investor or municipal owned companies that offer important products to the public. water electric service...
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public utitilites
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group of people in a specialized occupation that works to improve the working conditions, skill levels, and public perceptions of the profession.
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professional association
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