Conglomerate
What is a conglomerate?
A large company made up of different, unrelated businesses.
What is perfect competition?
A market with many sellers offering the same product.
What is a sole proprietorship?
A business owned by one person.
What is profit?
Money left after all costs are paid.
What is taxation?
When the government collects money from individuals or businesses.
Why do companies form conglomerates?
To reduce risk by operating in multiple markets.
What is a monopoly?
A market with one seller controlling the product/service.
What is a partnership?
A business owned by two or more people.
What is revenue?
Total money a business makes from selling goods/services.
What is a subsidy?
A government payment to help a business or industry.
Name one advantage of being part of a conglomerate.
Shared resources or brand strength.
What is an oligopoly?
A market with a few powerful sellers.
What is a corporation?
A legal business that is separate from its owners.
What is competition?
Rivalry between businesses to win customers.
What is a regulation?
A rule set by the government for businesses to follow.
What can be a disadvantage of conglomerates?
Harder to manage unrelated businesses.
What is monopolistic competition?
Many sellers with slightly different products.
What is a franchise?
A business using a company’s name, system, and brand.
What is investment in a business?
Putting in money or resources to earn profit.
What is an antitrust law?
A law that prevents monopolies and supports competition.