| A | B |
|---|
| sole trader | owner has 100% control |
| partnership | liability can be shared among all members of the agreement |
| Ltd company | owners do not have personal liability but the shares are not publicly traded |
| public corp | financial data must be disclosed to the public |
| non-profit | objective is to provide a social service |
| cooperative | farmers often use this form to gain market power |
| franchise | brand names and logos are supplied by the head company |
| conglomerate | usually the result of the merger of unrelated companies |
| multinational companies | often have trouble communicating with overseas subsidiaries |
| subsidiary | company largely owned by another company |
| joint venture | a popular option for companies moving into new international markets |
| holding company | a company that exists to buy and sell other companies; often has tax advantages |
| vertical integration | a company that merges with a supplier or customer |
| hostile takeover | a merger that is not desired by at least one party to the transaction |
| white knight | a wealthy investor who "takes over" a struggling company |
| franchisor | the original company in a franchise agreement; receives fees from franchisees |
| horizontal integration | merger with a direct competitor |
