Shared Flashcard Set

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business ownership
business
15
Business
11th Grade
03/16/2017

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Cards

Term
non profet
Definition
business that keeps not profet
Term
franchise
Definition
company that allows other people run it
Term
intermediaries
Definition
link between people in order to try to bring about an agreement
Term
limited liability
Definition
person's financial liability is limited
Term
manufacturers
Definition
person or company that makes goods for sale
Term
service
Definition
action of helping or doing work for someone
Term
partnership
Definition
partnership is an arrangement in which two or more individuals share the profits
Term
processors
Definition
machine that processes something.
Term
producer
Definition
person, company, or country that makes goods
Term
retailer
Definition
person or business that sells goods to the public
Term
sole proprietorship
Definition
one owner
Term
stock
Definition
money invetesed in company
Term
unlimited liability
Definition
legal obligations
Term
wholesaler
Definition
sells in bulk
Term
corporation
Definition
company or group of people authorized to act as a single entity
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