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Stack #2599456
Bushiness Marketing Ch. 8
| Term | Definition |
|---|---|
| entrepreneurship | the activity of setting up a business or businesses, taking on financial risks in the hope of profit. |
| entrepreneurs | a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so. |
| franchise | A business established or operated under an authorization to sell or distribute a company's goods or services in a particular area |
| sole propietorship | A business owned by one person |
| unlimited liability | The owner is personally and fully responsible for all losses and debts of the business |
| partnership | a business or firm owned and run by two or more partners |
| general partnership | an arrangement by which partners conducting a business jointly have unlimited liability, which means their personal assets are liable to the partnership's obligations. |
| limited partnership | two or more partners unite to jointly conduct a business in which one or more of the partners is liable only to the extent of the amount of money that partner has invested. |
| limited liability | The shareholders are only liable for tha money that they had put into the business and not overall debts |
| corporation | business owned by stock holders who share profits but are not personnally responsable for debts |
| stockholders | a shareholder. |
| foreign corporation | existing corporation that is registered to do business in a state or jurisdiction other than where it was originally incorporated. |
| limited liability company | Limited liability companies are essentially hybrid entities that combine the characteristics of a corporation and a partnership or sole proprietorship. |
| Doing Business AS | The operating name of a company, as opposed to the legal name of the company. Some states require DBA or fictitious business name filings to be made for the protection of consumers conducting business with the entity |
| act as a charter to establish the existence of a corporation in the United States and Canada, and are filed with the Secretary of State, or other company registrar. | |
| indication | a reading given by a gauge or meter. |
| domestic | a product not made abroad. |
| entrepenuriship | The skils of people who are willing to invest their time and money to run a business; the process of starting and operating your own business |
| entrepeneus | Someone who creates, launches, organizes, and manages a new business and takes the risk of business ownership |
| franchise | A legal agreement to sell a aprent company's product or service in a designed geographinc area |
| sole propietorship | A business that is owned and operated by one person |
| unlimited liability | type of investment in which the busniess owner's financial liability is not limited to investments in the business, but extends to his or her total ability |
| partnership | A legal agreement between two or more people to jointly responsible for the success or failure of a buisness |
| general partneship | A type of business ownership in which each partner shares in the profits and loses |
| limited partnership | type of business ownership in which each limited partner is a liable for any debts |
| limited liability | type of investment in which the peronal assests of the owners cannot be taken if a company does not meet its fincancial obligations or if it gets into |
| corporation | legal entiety created by either a state or federal state |
| stockholders | an owner of a corpoartion with limited liabilty |
| foreign corporation | one that is incorporated unde rthe law of a staste that difffer from which one which it does business |
| limited liability company | relatively new form of buinsess orgnaization that is a hybrid of a partnership and corporation |
| Doing Business AS | registraion |
| community | a feeling of fellowship with others, as a result of sharing common attitudes, interests, and goals |
| vary | differ in size, amount, degree, or nature from something else of the same general class |
Created by:
rob.blakley18
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