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QuestionAnswer
What is one advantage of an incorporation? limited liability to owner
What is a corporation? a legal entity owned by individual stockholders
What is the difference between a horizontal merger and vertical merger? One is a combination of 2 or more firms in the same market and the other is in different stages of producing the same good.
Define a stock. certificate of ownership in a corporation.
An example of a horizontal merger. John D. Rockefeller's oil company
An example of a vertical merger. Carnegie Steel Company
Define conglomerate. business combination merging more than 3 business that make unrelated products
What are types of cooperative organizations? consumer, service, producer
What are types of non-profit organizations? professional organizations, business associations, trade associations and labor unions
One advantage of a franchise. management training and support
Created by: e.k.
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