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Business Structures

QuestionAnswer
Business owned by one person Sole Proprietorship
Business owned by two or more people Partnership
Business owned by a number of people and operated under written permission from the state Corporation
People who own stock in a corporation Shareholders
Another name for a shareholder Stockholder
Group with the responsibility to guide the operations of a corporation Board of Directors
The part of the profits that each shareholder recieves Dividend
Written contract granting permission to sell someone else's product or service over a certain period of time Franchise
The person or group of people who have received permission from a parent company to sell its products or services Franchisee
The parent company that grants permission to a person or group to sell its products or services Franchisor
Business that grows products or take raw materials from nature Extractor
Business that takes the extractor's products or raw materials and changes them into a form a consumer can use Manufacturer
Business that is involved in moving goods from producer to consumer Marketer
Path that a product travels from producer to consumer Channel of Distribution
Channel that brings products to the consumer directly from the producer Direct Channel of Distribution
Channel involving at least one and sometimes several middle firms before goods reach the consumer Indirect Channel of Distribution
Business firm that sells products directly to the consumer Retailer
Business firm that buys products in large quantities from producer, sorts and unitizes them, and then sells them in large quantities to retailers Wholesaler
Business firm that does things for you instead of making or marketing products Service Business
Created by: sstevanus
 

 



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