Vocabulary
Business owned by 2+ person (NOT INCORPORATED)
What is Partnership?
Business with one owner
What is Sole Proprietorship?
Lowest skill level of workers
What is Unskilled?
Workers refuse to work until management meets demands
What is a Strike?
Business focused on affordable, luxury electric vehicles & innovative technology which helped them to grow
What is Tesla?
Share of ownership of a company
What is a Stock?
No liability
What is Corporation?
A job that requires some extra education
What is Semi-Skilled?
Refusal to buy a good from a business
What is Boycott?
Advertised towards college students as an early social media/dating platform; would continuously advertise at college campuses to help generate revenue
What is Facebook?
Use of machines as labor instead of humans
What is Automation?
Sells stocks to grow business
What is Corporation?
Examples include: truck drivers, flight attendants, and bartenders
What is Semi-Skilled?
Business owners refuse to let workers in until they give into management demands
What is Lockout?
New innovations in search engine technology during the growth of the Internet led to this company's success
What is Google?
Negotiation tactic in which a 3rd party makes the final decision
What is Arbitration?
Early Microsoft
What is Partnership?
Architect
What is Skilled?
Negotiation process between employers and employees
What is Collective Bargaining?
Growth occurred by sharing his product with famous entertainers and an initial $25,000 investment from Marvin Gaye
What is Famous Amos?
An unofficially acknowledged barrier of advancement in a profession
What is Glass Ceiling?
Examples include: McDonalds, Ace Hardware, & 7-Eleven
What is a Franchise?
Requires the most education
Government order to stop conducting certain business
Started as a wealthy tractor manufacturer; grew his business because he was upset with rival brand
What is Lamborghini?