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| an establishment formed to carry on commercial enterprise |
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| the legally bound obligation to pay debts |
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| Partnership in which partners share equally in both responsibility and liability |
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| A legal entity owned by individual stockholders |
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| A business owned and managed by a single individual |
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| A business organization owned by two or more persons |
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| partnership in which only one partner is required to be a general partner |
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| Corporation that issues stock to only a few people, often family members |
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| Corporation that sells stock on the open market |
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| Publicly-held corporation Stock |
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| A formal contract to repay borrowed money with interest at fixed intervals |
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| The portion of corporate profits paid out to stockholders |
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| The combination of two or more firms competing in the same market with the same good or service |
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| The combination of two or more firms involved in different stages of producing the same product or service |
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| Business combination merging more than three businesses that make unrelated products |
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| Large corporation that produces and sells its goods and services throughout the world |
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| Multinational corporation |
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| A semi-independent business that pays fees to a parent company in return for the exclusive right to sell a certain product or service in a given area |
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| A business owned and operated by a group of individuals for their mutual benefit |
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| Cooperative that provides a service, rather than a good |
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| Agricultural marketing cooperative that helps members sell their products |
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| Institution that functions much like a business, but does not operate for the purpose of generating profits |
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| Nonprofit organization that works to improve the image, working conditions, and skill level of people in particular occupations |
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| Professional organization |
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| Nonprofit organization that promotes collective business interests for a city, state, or other geographical area, or for a group of similar businesses |
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| Nonprofit organization that promotes the interests of a particular industry |
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