Business Organizations

Front

MANY COMPANIES COMPETE IN AN OPEN MARKET TO SELL PRODUCTS THAT ARE SIMILAR BUT NOT IDENTICAL

Back

MONOPOLISTIC COMPETITION

Front

An automobile manufacturer that buys a baseball team.

Back

Conglomerate

Front

All the pizza companies in your community come together and become one firm

Back

Horizontal

Front

What is an advantage of a partnership?

Back

Shared decision-making and shared responsibilities

Front

The jeans industry would fall into what type of market structure? ( jeans are similar but there are some differences in the product)

Back

monopolistic competition

Front

Which type of market structures has many many producers (THE MOST) that sell identical products and has no control over price?

Back

perfect competition

Front

What is a disadvantage of sole proprietorships and partnerships?

Back

Unlimited liability: Personal liability for business debts and legal issues

Front

Few large sellers, Collusion exists, automobile industry (airline industry, cell phone industry)

Back

Oligopoly

Front

Highest Competition and Lowest prices for consumers

Back

Perfect Competition

Front

What is a dividend?

Back

A dividend is a payment made by a corporation to its shareholders.