| A | B |
|---|
| cooperative | an organization of individuals or small businesses work together for their mutual benefit. |
| corporation | in this form of business shares of stock or ownership are sold to interested people known as shareholders. |
| franchise | licensing agreement allowing individual to own a business while benefiting from the trademark, know-how, and reputation of an established firm. |
| limited liability | shareholders are not personally responsible for the debts of the corporation |
| joint venture | 2 or more companies agree to begin a new business project together. |
| partnership | when 2 or more people operate a buisness as co-owners |
| unlimited liability | partners ans sole proprietors can be held personally rsponsible for the company's debts |
| sole proprietorship | this is a business with one owner |
| limited partnership | the investing partners are not managers and are liable only for the amounts they invested |
| retailers | sell directly to the consumer |
| wholesalers | sell manufactured goods to retailers |
| manufacturers | process raw materials in to finished goods |
| service | sell information, provide help or repair products rather than produce goods |
