Types of Businesses
A _____business is an organization that generates revenue.
What is a "for-profit" business?
Customers who buy products for use in a business are in the _____ market.
What is Business?
Person or business that sells the goods and services from producers to customers.
What is a Intermediary?
A _____ is the simplest and most common form of business ownership.
What is a Proprietorship?
Form of ownership that provides limited liability to owners, but it is taxed as a partnership.
What is an S Corporation?
Business that uses supplies from other producers to make products.
What is a Manufacturer?
Business that sells primarily to other businesses.
What is business-to-business (B2B)?
Business or person that takes natural resources from the land.
What is an Extractor?
_____ means stockholders and owners are not personally responsible for the debts and obligations of a business.
What is Limited Liability?
A _____ pools the resources of members to produce quality goods and services.
What is a Cooperative?
The money raised by a _____ business is used to support a cause rather than profit for its owners.
What is "Not for Profit"?
Nonprofit organization that may be either public or private.
What is an Institution?
Business that creates goods and services.
What is a Producer?
Business that is legally separate from its owners and has most of the legal rights of an actual person.
What is a Corporation?
Form of business ownership that combines the benefits of a corporation with those of proprietorships and partnerships.
What is Limited Liability Company (LLC)?
Governmental agencies are part of the _____ sector.
What is Public?
Businesses that sell primarily to individual consumers are in the _____ market.
What is Business-to-Consumer (B2C)?
Business that is co-owned by two or more general partners who are responsible for business operations.
Portion of a corporation's earnings distributed to stockholders.
What is a Dividend?
The _____ is a numeric system used to classify businesses and collect economic statistics.
What is the NAICS?
What are the 3 general types of businesses in the private sector?
What are:
Producers, Intermediaries & Service businesses?
What are the 3 categories of customers that businesses can serve?
What is
Consumer market, Business market & Government and Institutions
Explains the practices ad procedures to be followed in conducting business.
What are Corporate Bylaws?
What are the 3 basic forms of business ownership?
What is:
Proprietorship, Partnership & Corporation?
What are 3 alternative forms of business ownership?
What is
S Corporations, Limited Liability & Cooperative