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Business Ownership
15 cards·by anjanae
Partnership
a business owned by two or more persons who share the risks and rewards
stock
shares a ownership in a corperation
intermediary
business that acts as a go-between in moving goods from producers to consumers such as a
wholesaler, retailers and distributors
sole proprietorship
a business owned by one person
corporation
a business treated by law as separeate from its owners
processors
business that change raw goods into more finished products
manufactures
business that makes finished products out of raw processed goods
unlimited liability
full legal and financial responsibility for a business
limited liability
financial resopnsibilty of business owners only for what they invested in the business
franchise
a contractual agreement to use the name and sell the goods or services of an existing company
cooperative
an organization of business owned and operated by the members who pool their recourse and shre
the benifits
nonprofit organization
a business whose main purpose is to prvide a servics rather than to make a profit
producer
a business that gathers raw produts in their natural state
wholesaler
a type of business that buys goods in large amounts and resells them to other businesses in
smaller lots
retailer
a business that sells goods or service directly to the public