The function of business that controls and makes decisions about a business.

A business owned by one person.

The relationship between two or more people who join and create a business

A federal agency that was created to protect consumers and promote business competition

Overstating the features and benefits of products or services or making false claims about them.

Personal selling done over the telephone

Laws that promote fair trade, open markets, and competition among businesses.

When one business has complete control of a market's entire supply of goods or services

A legal process that allows a company to reorganize or go out of business when it runs out of funding.

Laws designed to hold companies accountable for providing safe products.

All activities involved in developing and exchanging goods and services