A ______ organization is an institution that does not operate for the purpose of generating profit
The _______ owns trademark/trade name, provides support (finances, advertising, training, marketing), and receives fees
Combinations of 2 or more firms competing in the same market with the same good or service
The legal obligation to pay debts and handle problems
A corporation has many advantages: separate identity/limited liability, high potential for ______, and large amounts of capital.
Corporate combinations are combinations of more than 3 businesses that produce ________ products/ services.
One advantage of a sole proprietorship is that there are ____ regulations
Benefits from your job other than cash (ie healthcare, vacation time, sick days, etc)
A business owned and managed by a single individual
The main _______ of multinational corporations is that they can influence the culture in which they operate.
Although a partnership has its advantages, there is also more ______ potential when more than one person is involved.
Legal entity owned by individual stockholders, each of whom have limited liability for the firms' debts
The disadvantages of a business franchise include purchasing & operating restrictions, ______ product line, and fees & royalties.
One disadvantage of a partnership is that there is a lack of ________ (it may not last very long).
One main ______ of multinational corporations is that they can provide products all over the world.