| A | B |
|---|
| sole proprietorship | A business owned by only one person. |
| partnership | A business owned by two or more persons who share the risks and rewards. |
| corporation | A business treated by law as separate from its owners. |
| intermediary | Businesses that act as go-betweens in moving goods from producers to consumers, such as wholesalers, retailers, and distributors. |
| cooperative | An organization of businesses owned and operated by the members, who pool their resources and share the benefits. |
| unlimited liability | Full legal and financial responsibility for a business. |
| limited liability | Financial responsibility of business owners only for what they invested in a business. |
| nonprofit organization | A business whose main purpose is to provide a service rather than to make a profit. |
| wholesaler | A type of business that buys goods in large amounts and resells them to other businesses in smaller lots. |
| processor | Businesses that change raw goods into more finished products. |
| manufacturer | Businesses that make finished products out of raw or processed goods. |
| franchise | A contractual agreement to use the name and sell the goods or services of an existing company. |
| producer | A business that gathers raw products in their natural state. |
| retailer | A business that sells goods or services directly to the public. |
| stock | Shares of ownership in a corporation. |
