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Korrell Person
15 cards·by korperson
Retailer
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Wholesaler
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Producer
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Cooperative
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Nonprofit organization
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Franchise
a contractual agreement to use the name and sell the goods or services of an existing company
Limited liability
financial responsibility of business owners only for what they invested in a business
Unlimited liability
full legal and financial responsibility for a business
Manufacturers
-businesses that make finished products out of raw processed goods
Processors
businesses that change raw goods into more finished products
Corporation
a business treated by law as separate from its owners
Sole proprietorship
a business owned by only one person
Intermediary
business that acts as a go-between in moving goods from producers to consumers, such as
wholesalers, retailers, and distributors
Stock
shares of ownership in a corporation
Partnership
a business owned by two or more persons who share the risks and rewards