Business Types SU
Summer owns a flower shop
What is Sole Proprietorship?
Peter is concerned about his coworkers getting into a disagreement so he intervenes and tries to help them reach an agreement.
Mediator
A company is dedicated to serving people and relies on the help of donors and volunteers.
Not-For-Profit organization
A corporation such as Subway has multiple chain stores with the same products.
Monopolistic Competition
A business that offers stocks.
What is a corporation?
John holds 1000 shares of the company Taco Bell
What is a shareholder?
What act authorized states to introduce right-to-work laws?
Taft-Harley Act
This business is owned and operated by its members to buy supplies and services together.
Cooperatives
The Sherman Anti Trust Act combatted The American Tobacco Company after they merged multiple manufacturers to produce for their one company.
Monopoly
The practice of charging different people different prices for the same product.
What is price discrimination?
Jake and Zander own a skate shop. They share profits, resources, & losses.
What is a partnership?
What is a way workers can force their employers to comply to their terms?
Strike
Johnny's business has no more than 100 shareholders and does not have any foreign stockholders.
S Coporation
Airline companies require high entry barriers to fly people, and within market structures consists of byproduct differentiation based off type, cost, and airline.
Oligopoly
The year that workers first attempted to organize labor in America.
What is 1778?
Danielle and Mark represent the interests of Barilla.
What is a board member(s)?
A group of workers are unsatisfied and want higher pay. They group up to be more convincing to their boss.
Labor Union
A prospective landlord who plans to lease office space to a new business most likely would require a personal guarantee from a business owner
Limited Liability Company (LLC)
A farm consists of Soy beans, Corn, and Cabbage. As the farmers have 3 fields of each crop. They sell the products as their town demands the crops especially in summertime.
Pure/Perfect Competition
A combination of two Greek words, meaning "one seller".
What is monopoly?
McDonald's provides Steven with the necessities to start and run a McDonald's.
What is franchising?
What phrase is used for describing workers who continue to work during a strike?
Sarah is a physician who owns a private practice and plays an active role without being exposed to personal liability for the acts of others.
Limited Liability Partnerships (LLP)
Home Depot and Lowe’s are competitors. There are costumers who price match the two causing some price control. The stores are located across the U.S. sometimes in close range of one another.
Monopolistic Competition
Union membership was ______ times higher if you were a full-time employee
What is two?