Unit 3 Market Structures and Unit 4 Money Econ

Front

business that pays fees to a parent company for the exclusive right to sell a certain product or service

Back

business franchise

Front

business organization owned by two or more people who agree on a division of responsibilities and assets

Back

partnership

Front

large corporation that produces and sells its goods and services in more than one country

Back

multinational corporation

Front

money or other valuables belonging to an individual or business

Back

assets

Front

business combination merging more than three businesses that produce unrelated products or services

Back

conglomerate

Front

business owned and managed by an individual

Back

sole proprietorship

Front

corporate profits paid out to stockholders

Back

dividend

Front

legal obligation to pay debts

Back

liability

Front

institution that operates for a purpose other than generating profit

Back

nonprofit organization

Front

a certificate of ownership in a corporation

Back

stock