A | B |
Commission | A 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 |
Corporation | A 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) |
Dealership | Like Ford or Cheverlot |
Dividend | A sum of money paid to an investor or stockholder as earnings on an investment |
Dual/Double taxation | The levying of two taxes on the same income (e.g., tax on a corporation’s income as well as dividends) |
Exclusive distributorship | Product 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 |
Expansion | A form of business growth in which a company extends its operations or facilities using new capital or reinvested funds |