Name the Business Organization
The type of business that contains only one owner.
What is a sole proprietorship?
A market structure with only a single producer in the market.
What is a monopoly?
What is a geographic monopoly?
These are the shares that are purchased by the owners of a corporation.
What are stocks?
This is the best selling book of all time
What is the Bible?
A large company in which stockholders have rights to the company's profit.
What is a corporation
A market that possesses a few key producers would have this kind of structure.
What is an oligopoly?
This kind of monopoly power is possessed by businesses that are owned and operated through the government.
What is a governmental monopoly?
When a business combines with or buys out its competition in the same stage of production.
What is a horizontal merger?
This is the museum that is home to Leonardo da Vinci's Mona Lisa.
What is the Louvre?
A company, usually a corporation, will gain this adjective if it has branches in different countries.
What is multinational?
This market structure is more of a theoretical concept that cannot fully manifest in real-world markets.
What is perfect competition?
A business that gains monopoly power through the creation of a new product that cannot be replicated due to copyright/patent laws.
Technological monopoly?
When a business combines with or buys out a business on a different stage of production in its industry.
What is a vertical merger?
What is the summer solstice?
This type of business owns a controlling stake in several companies, conducting business separately and usually in different industries.
What is a conglomerate?
What is monopolistic competition?
The only grocery store in a very remote town would possess this kind of monopoly power.
What is a geographic monopoly?
These are the portions of a corporation's profits that are paid out to shareholders.
What are dividends?
What is Graceland?
This organization type allows partners to avoid the responsibility for the mistakes of another partner.
What is a limited liability partnership?
Sometimes oligopolies commit this act. It's usually illegal but includes rival businesses setting an agreed upon price to hurt consumers and eliminate competition.
What is collusion?
Sometimes a business may possess this structure in which the business is owned and operated by the professionals who work for it, Sunkist is an example of this.
What is a cooperative?
This was the first official state of the USA.
What is Delaware?