| A | B |
|---|
| articles of partnership | A written agreement by partners in forming their business. |
| balance of trade | The difference between a country's total exports and total imports of merchandise. |
| quota | A limit on the amount of a perticular product that may be imported within a given period of time. |
| board of directors | A group of people elected by stockholders to manage a corportation. |
| stockholder | A person who owns stock in a corporation |
| cooperative | A business that is owned by the members it serves and is managed in their interest. |
| channel of distribution | The path a product travels from producer to consumer. |
| franchisor | The parent company that grants permission to a person or group of people to sell its products or service |
| corporation | A business made up of a number of owners but authorized by law to act as a single person |
| tariff | A tax on imported goods. |
| maintaining accounting records | Printing out the sales totals for the day from the computer. |
| marketing goods and services | Selling water skis |
| developing ideas | planning a strategy to increase productivity |
| buying goods and services | ordering computer supplies for the office |
| financing the business | borrowing money from the bank to expand the plant |
| managing human resources | interviewing applicants for a sales job |
| producing goods and services | blowing glass vases for sale |
| marketing goods and services | preparing an ad campaign for a new product |
