General Partnership
Market structures
PPC
Corporations
Franchise
100

What is a General Partnership?

Two or more people who are known as general partners, and enter an agreement to conduct a business for profit.

100

What are Market structures?

Market structure refers to how different industries are classified and differentiated based on their degree and nature of competition for services and goods.

100

What is PPC?

PPC or pay-per-click is a type of internet marketing that involves advertisers paying a fee each time one of their ads is clicked.

100

What are Corporations?

A company or group of people authorized to act as a single entity (legally a person) and recognized as such in law.

100

What is Franchise?

An authorization granted by a government or company to an individual or group enabling them to carry out specified commercial activities, e.g., providing a broadcasting service or acting as an agent for a company's products.

200

What does a General Partnership do?

The submit agreements to conduct a business for a profit.

200

What does market structure do?

A market structure helps us to understand what differentiates markets from one another.

200

What does PPC do?

advertise paying a fee each time one of their ads is clicked.

200

What do corporations do?

Enter contracts, loan and borrow money, sue and be sued, hire employees, own assets, and pay taxes

200

What does Franchise do?

Enables you, the investor or franchisee, to operate a business

300

What is the role of the general partnership?

Two or more individuals agree to share responsibilities, assets, profits, and financial and legal liabilities of a jointly-owned business. 

300

What does market structure impact?

Market structures significantly influence pricing decisions.

300

What is the purpose of PPC?

Cost-effective

300

What is the role of a corporation?

To benefit its shareholders

300

What is the role of a franchise?

A franchisee bears the financial risk for their franchised business and pays money to the franchisor.

400

What are the duties of a general partner?

To act in the best interest of the partnership.

400

What defines a market structure?

Market structure describes how firms are differentiated and categorized by the types of products they sell and how those items influence their operations

400

How does a PPC work?

An advertiser pays a publisher every time an advertisement link is “clicked” on.

400

What do corporations do for society?

Putting certain funds toward organizations or people who need aid

400

What is the advantage of owning a franchise?

Lower failure rate than solo businesses.

500

Why would someone choose a general partnership?

General partnerships allow you to negotiate the terms relating to the allocation of profits and losses, management operations, and transfers of interests.

500

How does market structure benefit?

A market structure is a valuable tool for analyzing issues such as the process of setting prices for goods and the profitability potential.


500

What are the three points of PPC?

Inefficient, missing out on the potential production of both goods. On the PPC: Efficient, maximizing production of both goods.

500

What do corporations issue?

Stocks or issuing bonds.

500

What is a major advantage of owning a franchise?

The established brand recognition that comes with it.