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ME11 - BL003 2 OF 6

Own it Your Way

AB
CommissionA percentage of the total sale amount paid to the individual or business that makes the sale
Consolidation:A form of business growth in which a corporation acquires many smaller companies
CorporationA form of business ownership that is owned by stockholders who have purchased units or shares of the company; an “artificial being, invisible, intangible, and existing only in contemplation of law” (U.S. Supreme Court)
DealershipLike Ford or Cheverlot
DividendA sum of money paid to an investor or stockholder as earnings on an investment
Dual/Double taxationThe levying of two taxes on the same income (e.g., tax on a corporation’s income as well as dividends)
Exclusive distributorshipProduct trade-name franchise: A franchise arrangement based on an independent sales relationship between a franchisor and franchisee to stock and sell a specific line of goods; also known as dealership or exclusive distributorship
ExpansionA form of business growth in which a company extends its operations or facilities using new capital or reinvested funds


Business Marketing Teacher, Career Technical Education
CENTRAL CABARRUS HIGH SCHOOL
Concord, NC

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