Business Organizations
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Sole Proprietorship
Partnership
Key Terms
Types of Partnerships
Advantages/Disadvantages
Examples
Corporation
Key Terms
Types of Corporations
Corporate Combinations
Advantages/Disadvantages
Examples
Business Franchise
Key Terms
Advantages/Disadvantages
Examples
Cooperative
Consumer Cooperative
Service Cooperative
Producer Cooperatives
Nonprofit Organizations
Key Terms
Jeopardy
Types of Corporations
Closely held - issues stocks to only a few people, usually family members
-Rule of thumb: If you keep the business in the family, you keep the money in the family.
Publicly held - sells stocks on open market
-Usually a very big company that is seen and heard everywhere.
Multinational (MNC) - large corporation that produces and sells its goods or services worldwide
-These guys are just so big that they can spread out to different countries, and still be successful.