29280959
Description
Flashcards by Samantha Mendez, updated more than 1 year ago
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Created by Samantha Mendez
about 3 years ago
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| Question | Answer |
| provides a needed service for a fee (dog walking) | Service Business |
| buys finished products and resells them to individuals or other business (department stores) | Merchandising Business |
| buys raw materials, uses labor and machinery to transform them into finished products, sells them to individuals or other businesses (Factories) | Manufacturing Business |
| business owned by one person (small, privately owned business) | Sole Proprietorship (ownership) |
| business owned by two or more people who agree to operate a business (Google; started by Larry Page and Sergey Brin) | Partnership (ownership) |
| business recognized by law to have a life of its own (Coca-Cola) | Corporation |
| where the owners are not personally liable for the company's debts or liabilities. A combination of a corporation and sole proprietorship or partnership (Amazon) | Limited Liability Corporation |
| Person who forms ideas for products or services into real-world businesses; may be a small business owner ( Bill Gates; co-founder of Microsoft) | Entrepreneur |
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