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Teen Entreprenuing

TermDefinition
Sole proprietorship A business owned by one person
Unlimited Liability when the owner is responsible for the company debt.
Partnership is a business owned by two or more people who share its risk and rewards
Cooperation a company that is registered by the state and operates apart from its owner
Limited Liability does not exceed the amount invested in a partnership
Cooperitive involving mutual assistance in working toward a common goal.
Nonprofit Organization A business entity that is granted tax-exempt status by the Internal Revenue Service
Franchise an authorization granted by a government or company to an individual or group enabling them to carry out specified commercial activities
Producer a person, company, or country that makes, grows, or supplies goods or commodities for sale.
Processor a machine that processes something.
Manufacturer a person or company that makes goods for sale
Intermidery a person who acts as a link between people in order to try to bring about an agreement or reconciliation; a mediator.
Wholesaler an intermediary entity in the distribution channel that buys in bulk and sells to resellers rather than to consumers
Retailer A term describing businesses that sell goods directly to individuals
Production the action of making or manufacturing from components or raw materials, or the process of being so manufactured.
Procurment To obtain something of good workmanship or external source
Marketing the action or business of promoting and selling products or services, including market research and advertising
Managment To be in charge of something to make sure it gets done. To take responcibility
Finance the management of large amounts of money, especially by governments or large companies.
Accounting the action or process of keeping financial accounts.
Created by: 332417