Uziel Avila

15 cards·by uziel

Partnership

a business owned by two or more persons who share the risks and rewards

Stock

shares of ownership in a corporation

Intermediary

business that acts as a go-between in moving goods from producers to consumers, such as wholesalers, retailers, and distributors

Sole proprietorship

a business owned by only one person

Corporation

a business treated by law as separate from its owners

Processors

businesses that change raw goods into more finished products

Manufacturers

businesses that make finished products out of raw processed goods

Unlimited liability

full legal and financial responsibility for a business

Limited liability

financial responsibility of business owners only for what they invested in a business

Franchise

a contractual agreement to use the name and sell the goods or services of an existing company

Nonprofit organization

a business whose main purpose is to provide a service rather than to make a profit

Cooperative

an organization of businesses owned and operated by the members, who pool their resources and share the benefits

Producer

a business that gathers raw products 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 services directly to the public