bus 110 flash cards
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each of the black spaces below before clicking
on it to display the answer.
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| What are the forms of ownership? | show 🗑
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| what is a sole proprietorship ? | show 🗑
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| What is a partnership? | show 🗑
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| What is a general partner? | show 🗑
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| what is a limited partner? | show 🗑
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| show | A legal entity which is invisible, intangible and existing only in contemplation of the law.
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| show | public, private, open, or closed which is also known a family
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| show | Public
Owned and operated by a federal, state, or city government for the purpose of conducting public business.
Example post office, fire, police
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| show | Private is Owned and operated by individuals for the sole purpose of making a profit. can be either open or closed?
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| show | a private corporation where The public can purchase stock in this corportion
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| show | a private corporate where
public CANNNOT buy stock in that corporation it is held by
family or a close number group of people
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| What is the differnce between a profit and a non profit organization? | show 🗑
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| what is A charter? | show 🗑
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| what is an alien corp? | show 🗑
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| what is a foreign corp? | show 🗑
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| show | If a corporation operates or does business in the state in which it received its charter
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| What is a franchise? | show 🗑
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| Who sets rules for a franchise? | show 🗑
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| what is a free enterprise system? | show 🗑
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| what is capitlism? | show 🗑
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| show | 1. choice
2. Buy or sell or will or inherit or accumulate property
3. Profit after taxes
4. Right to know competitive ground rules
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| what is tangible and what is intangible property? | show 🗑
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| show | the consumer and the workers.
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| show | Consumers are primarily interested in product availability and low price
Consumers know the price of competing brands
Consumers are NOT interested in non-price differences.
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| what is the differnce between today's competition vs competition 100 years ago. | show 🗑
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| name the first premise of the marketing concept | show 🗑
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| name the 2nd premise of the marketing concept | show 🗑
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| show | The company’s main job is to research their target markets and then develop effective advertising campaigns.
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| what is socialism? | show 🗑
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| What are the types of competition? | show 🗑
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| what is pure/perfect competition? | show 🗑
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| What is monopolistic competition? | show 🗑
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| what is Oligopoly compeition? | show 🗑
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| show | adam smith who wrote wealth of nations
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| show | Money
workers
Materials
Facilities
Entrepreneurship
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