Business structures
A business owned and operated by one person.
What is a sole proprietorship/sole trader?
What is a franchisor?
Any person who starts a business to make profit
What is an entrepreneur?
A business in which the owners share profits and losses equally.
What is a partnership?
The name of a person who is granted the right to use a business name and sell their products.
What is a franchisee?
Something that businesses are always searching for or must take advantage of.
Opportunities
A business viewed as a separate legal entity.
What is a company/corporation?
When owners of a business can be held personally liable.
What is unlimited liability?
A way businesses can respond to opportunities in the market.
Developing a new product.
A business where an individual holds property or assets for the benefit of a different individual or group of individuals.
What is a trust?
A word used to describe a particular sector of the population which a business wants to appeal to.
What is a target market?
Another term for enterprises established as cooperatives
What is a joint venture?
What is a shareholder?
A word used to describe different sectors of a population.
What are demographics?