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Chapter 5

Study guide, terms and review

AB
Born 1946 to 1964Baby boomers
Businesses selling goods produced by othersIntermediaries
Number of people assigned to managerSpan of control
Two or more businesses organized for limited timeJoint venture
Business owned by members and managed in their interestCooperative
Use resources to make things needed by othersProducers
Fastest growing segment of the economyService businesses
Do not pay corporate income taxesNonprofit corporations
Defines what the business wants to achieveMission statement


Newton High School
Newton, KS

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