Ch 2
Ch 2
Ch 2
Ch 2
Ch 2
100
The buying and selling of goods and services via the internet.
What is e-commerce?
100
Employees fewer than 5 people (including the owner).
What is a micro-business?
100
Businesses that operate within just one country.
What is a national business?
100
The process companies go through to become a separate legal entity from the owner/s.
What is incorporated?
100
The raising of capital in a company through the sale of shares to the public.
What is float?
200
The business's share of the total industry sales for a product.
What is market share?
200
Has a very restricted geographical spread; it serves the surrounding area.
What is a local business?
200
Government-owned and operated business.
What is government enterprise?
200
Industry involved in performing a service for other people.
What is tertiary industry?
200
Buying the rights from another business to distribute its product under its name.
What is a franchise?
300
A legal business structure that is owned and operated by between 2 and 20 people with the aim of making a profit.
What is a partnership?
300
A company that has branches in many different countries.
What is a transnational corporation?
300
Industry involved in services that involve the transfer and processing of information and knowledge.
What is quaternary industry?
300
An incorporated business and usually has between 2 and 50 shareholders.
What is a private company?
300
Industry involved in taking a raw material and making it into a finished or semi-finished product.
What is secondary industry?
400
The presence of a business and the range of its products across a suburb, city, state or country or the globe.
What is geographical spread?
400
Money that is invested in small and sometimes struggling businesses that have the potential to become very successful.
What is venture capital?
400
A business that is owned and operated by one person.
What is a sole trader?
400
An individual or business that grants a franchise.
What is a franchisor?
400
A feature pf corporate ownership that limits each owners financial liability to the amount of money he or she has paid for the business's shares.
What is limited liability?
500
A large business with a home base in one country that operates partially owned or wholly owned business in other countries.
What is a global business?
500
Those businesses in which production is directly associated with natural resources.
What is primary industry?
500
When the business owner is personally responsible for all the debts of his or her business.
What is unlimited liability?
500
Businesses that are involved in similar types of production.
What is industry?
500
Industry involves in all services that have traditionally been performed in the home.
What is quinary industry?
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