Business Organizations
The owner's personal possession and property can be taken to pay off the debts of a business if it fails
What is unlimited liability.
Is a set of moral standards for judging whether something is right or wrong.
What is ethics.
A business experiences this when output increase while cost per unit decreases.
What is economies of scale.
Selling a domestically produced product to buyers in another country.
What is exporting.
This type of business organization is easy and cheap to start. The owner assumes complete control but unlimited liability.
What is sole proprietorship.
Individuals or groups to whom a business has a responsibility to.
What is Stakeholders.
The integration of Whole Foods Market into Amazon allowed for Amazon to expand its presence in the grocery sector.
What is Acquisition.
The interstate highways, railroads, airports, canals, internet sites, and energy systems in a country.
What is infrastructure.
This type of organization is required to disclose their financial information to the public.
What is a public limited company.
Is a sometimes lengthy, detailed set of guidelines for employees which gives them knowledge of what their firm expects in terms of their responsibilities and behavior.
What is code of ethics.
Two or more companies collaborating for mutual benefit while maintaining their special identities and ownership structure.
What is an alliance.
Is the set of values shared by its citizens that determine what is socially acceptable.
What is culture or cultural differences.
This type of business organization are autonomous businesses and democratically controlled by their members.
What is a cooperative.
A concern of a businesses societal impact that is voluntary.
What is Corporate Social Responsibility.
The business owner wants to remain flexible, provide personalized services, and keep control.
Sometimes a firm can do this when they can't find a suitable domestic partner for manufacturing or marketing facilities.
What is a direct foreign investment.
In a corporation, the Board of Directors are responsible to.
What is shareholders or stockholders.
The base of The Pyramid of Corporate Social Responsibility.
What is Economic Responsibility.
What is technical economies.
President Ben Ali in Tunisia stopped McDonald's from entering the country because the franchise was not awarded to the the ruling family or government.
What is political considerations.