| A | B |
|---|
| Partnership | a business owned by two or more persons who share the risks and rewards. |
| Stock | shares of ownership in a corporation. |
| Intermediary | business that acts as a go-between in moving goods from producers to consumers, such as wholesalers, retailers, and distributors. |
| Sole proprietorship- | a business owned by only one person. |
| Corporation | a business treated by law as separate from its owners. |
| Processors | businesses that change raw goods into more finished products. |
| Manufacturers | businesses that make finished products out of raw processed goods. |
| 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. |
| Franchise | a contractual agreement to use the name and sell the goods or services of an existing company. |
| Nonprofit organization | a business whose main purpose is to provide a service rather than to make a profit. |
| Cooperative | an organization of businesses owned and operated by the members, who pool their resources and share the benefits. |
| Producer | a business that gathers raw products in their natural state. |
| Wholesaler | a type of business that buys goods in large amounts and resells them to other businesses in smaller lots. |
| Retailer | a business that sells goods or services directly to the public. |
