Term
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Definition
| Rules about how businesses and their employees ought to behave |
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Term
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Definition
| Set of rules for guiding the actions of employees or members of an organization |
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Term
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Definition
| Gives the inventor the sole right to make, use, or sell the item for 20 years |
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Term
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Definition
| Protects the creative works of authors, composers, and artists, Extends to 70 years after the persons death |
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Term
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Definition
| A word, letter, or symbol linked with a specific company or products |
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Term
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Definition
| Exists when a business has control of the market for a product or service |
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Definition
| Create the products and services by individuals and other businesses |
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Term
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Definition
| Business that takes resources from nature for direct consumption or for use in developing other products |
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Term
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Definition
| cultivate land and use other natural resources to grow crops and raise livestock for consumption |
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Term
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Definition
| Gets supplies from other producers and converts them into products |
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Term
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Definition
| Businesses involved in selling goods and services of producers to consumers and other businesses |
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Term
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Definition
| Carries out activities that are consumed by it customers |
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Term
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Definition
| Business owned and run by just one person |
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Term
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Definition
| Business owned and controlled by 2 or more people who have entered into an agreement |
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Term
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Definition
| Owned by 1 or more shareholders and managed by board of directors |
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Term
| Articles of Incorporation |
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Definition
| Written legal document that defines ownership and operating procedures and conditions of the business |
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Term
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Definition
| Unique business organized by 2 or more other businesses to operate for a limited time for a specific project |
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Term
| Limited Liability Corporation |
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Definition
| A partnership that provides liability protection for owners |
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Term
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Definition
| group of people who join to do some activity that benefits the public |
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Term
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Definition
| formed so members can purchase goods and serves more cheaply as a group than they could individually |
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Term
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Definition
| Written contract granting permission to operate a business to sell products and services in a set way |
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Term
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Definition
| Someone who takes a risk in starting a business to earn a profit |
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Term
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Definition
| Money provided by large investors to finance new products and new businesses that have a good chance to be very profitable |
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Term
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Definition
| An invention or creation that is brand new |
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Term
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Definition
| An independent business with fewer than 500 employees |
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Term
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Definition
| A written description of the business idea and how it will be carried out |
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Term
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Definition
| the amount of money needed to open the business |
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Term
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Definition
| the money needed to pay for the current operating activities of a business |
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Term
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Definition
| money needed for the main resources of a business |
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Term
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Definition
| A diagram that shows the structure of an organization |
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