Models of Competition
Boeing, Airbus, Coca-Cola, Pepsico
What is an Oligopoly?
This represents ownership in a company and may entitled its holder to a share of the companies profit.
What is a stock?
Limited personal liability, Easy transfer of ownership and better access to capital
What is an advantage of the corporation?
It is the degree to which you can comfortably accept taking chances.
What is risk tolerance?
He has revolutionized industries including spaceflight, solar energy, and electric cars.
Who is Elon Musk?
Terminal, Famous Rays, Anthony Francos, Barrinos, Chick Fil-A, Chipotle, Chris' Red Hot
What is Monopolistic Competition?
This is a wealthy individual who invests their own money in a business, usually in exchange for ownership equity or convertible debt.
What is an Angel Investor?
Unlimited personal liability, Difficulty raising money, Lack of financial control
What is a disadvantage of a sole proprietorship?
This trait enables people to continuously search for new opportunities, instead of being contented with what they think they know.
What is curiosity?
He founded Amazon, the world's largest e-commerce company and owns the Washington Post.
Who is Jeff Bezos?
US Postal Service, Public Service Electric & Gas, DeBeers Diamonds, NJ Transit Rail
What is a monopoly?
This is a type of private equity that funds startups and small businesses in exchange for an ownership stake in the company. It is often involved in the early stages of a company's development.
What is venture capital?
Additional access to capital, Cost savings thru shared resources, More business opportunities, Administrative responsibilities can be shared
What are the advantages of a partnership?
People that put in long hours to get their ventures off of the ground and invest large sums — sometimes everything they have — to pursue their dreams.
What is motivation?
This college dropout is credited with revolutionizing the computer industry by making machines more intuitive, cheaper, and smaller.
Who is Steve Jobs?
These are a type of limited-term monopoly that the government grants to inventors. They give inventors the right to stop others from making, using, or selling their invention for a set period of time
What are patents?
It is the process of building a business from scratch without attracting investment or with minimal external capital
What is 'Bootstrapping"?
Typically easy and inexpensive to form, complete control of decision-making, all profits go to the owner, easy tax preparation, deal with fewer regulations
What are the advantages of the sole proprietorship?
It is the ability to make decisions quickly and effectively.
What is decisiveness?
This 94 year old multi-billionaire made his first investment at age 11.
Who is Warren Buffett?
There are few barriers of entry and competitors are called "price takers' because they must accept the market equilibrium price or face a loss of sales.
What is pure/perfect competition?
If a company goes bankrupt, these shareholders have a higher claim on assets than common shareholders and they receive dividends before common shareholders.
What are Preferred shareholders (or stockholders)?
Greater government regulation, "double taxation", separation of ownership and decision-making
What are the disadvantages of the corporation?
It is the quality of being able to adjust to new conditions.
What is adaptability?
He is one of most successful entrepreneurs ever. He had vision and imagination. He started out working early in life, delivering newspapers. Then, of course, he created the timeless animated characters and brought the golden age of animation to life on the screen.
Who is Walt Disney?