| A | B |
|---|
| sole proprietorship | A business owned by one person. |
| partnership | A business organization with two or more owners who share the risks and rewards. |
| corporation | A business that is treated by law as a separate entity. |
| intermediary | Buys and resells goods. |
| cooperative | A group of small businesses banded together into a type of corporation. |
| unlimited liability | Full legal and financial responsibility for a business. |
| limited liability | Financial responsibility only for what the owners of a corporation have invested. |
| nonprofit organization | A business whose main purpose is to provide a service rather than to earn a profit. |
| wholesaler | A type of business that buys goods in large amounts and resells them to other businesses in smaller lots. |
| processors | Businesses that change raw goods into more finished products. |
| manufacturers | Turns raw or processed goods into finished products. |
| franchise | A contractual agreement to sell a company's products or services in a designated geographic area. |
| producer | A business that gathers raw products in their natural state. |
| retailer | A type of business that buys goods from wholesalers or manufacturers and sells them directly to the public. |
| stock | Shares of ownership in a corporation. |
