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| is an independent legal entity owned by shareholders. This means that the corporation itself, not the shareholders that own it, is held legally liable for the actions and debts the business incurs. |
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| For the franchisor, the franchise is an alternative to building "chain stores" to distribute goods that avoids the investments and liability of a chain. The franchisor's success depends on the success of the franchisees. |
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| Intermediaries, also known as distribution intermediaries, marketingintermediaries, or middlemen, are an extremely crucial element of a company's product distribution channel. Without intermediaries, it would be close to impossible for the business to function at all. |
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| Limited liability is where a person's financial liabilityis limited to a fixed sum, most commonly the value of a person's investment in a company or partnership. If a company with limited liability is sued, then the plaintiffs are suing the company, not its owners or investors. |
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| Manufacturing is the production of merchandise for use or sale using labour and machines, tools, chemical and biological processing, or formulation. |
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| A nonprofit organization is a business entity that is granted tax-exempt status by the Internal Revenue Service. Donations to a nonprofitorganization are often tax deductible to the individuals and businessesmaking the contributions. |
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| services are an example of intangible economic goods.Service provision is often an economic activity where the buyer does not generally, except by exclusive contract, obtain exclusive ownership of the thing purchased. |
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| A partnership is the relationship existing between two or more persons who join to carry on a trade or business. Each person contributes money, property, labor or skill, and expects to share in the profits and losses of the business. |
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| a business engaged in processing agricultural products and preparing themfor market |
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| a person, company, or country that makes, grows, or supplies goods or commodities for sale. |
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| Retail is the process of selling consumer goods and/or services to customers through multiple channels of distribution to earn a profit. Demand is created through diverse target markets and promotional tactics, satisfying consumers' wants and needs through a lean supply chain. |
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| A sole proprietorship is an unincorporated business with one owner who pays personal income tax on profits from the business. With little government regulation, they are the simplest business to set up or take apart, making them popular among individual self contractors or business owners. |
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| the goods or merchandise kept on the premises of a business or warehouse and available for sale or distribution. |
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| An unlimited company or private unlimited company is a hybridcompany (corporation) incorporated with or without a share capital (and similar to its limited company counterpart) but where the legal liabilityof the members or shareholders is not limited |
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| A wholesaler is an intermediary entity in the distribution channel that buys in bulk and sells to resellers rather than to consumers. In its simplest form, a distributor performs a similar role but often provides more complex services. Distributors and wholesalers often work together as channel partners. |
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