foundations of business

relying on a group o make decision and getting away from individual thought

cost-the most desirable alternative given up as the result of a decision

an agreement in which one firm gives another firm the right to produce their product for royalties

Behavior that inhibits either team performance or that of individual members.

a form of business ownership that offers both liability insurance of a corporation and tax benefits of a partnership

All the people who stand to gain or lose by the policies and activities of a business and whose concerns the business needs to address.

Preparation of financial statements and interpreting these statements to give financial advice and help others with financial decision making.

prepare information, such as reports on the cost of materials used in the production process, for internal use only

A contractual agreement between a franchisor and a franchisee that allows the franchisee to operate a business using a name and format developed and supported by the franchisor.

planning for, obtaining, and managing a company's funds