Business Organizations

1. Market structure where there is only one seller of a particular product.
3. Type of merger takes place when firms involved in different steps of manufacturing or marketing join together.
6. A form of business organization recognized by law as a separate legal entity having all the rights of an individual.
9. A business that is unincorporated and owned by an individual or small group.
10. A firm that has at least four businesses, each making unrelated products, none of which is responsible for the majority of sales.
11. Type of merger takes place when two or more firms that produce the same kind of product join forces.
12. Market structure where a few very large sellers dominate the industry.
14. Corporation that manufacture or service operations in a number of different countries.

2. A business shared by one or more individuals.
4. A type of imperfect competition such that many producers sell products that are different from one another and are not perfect substitutes.
5. Market structure characterized by a large number of well-informed independent buyers and sellers who exchange identical products.
7. A business that fills some sort of social need.
8. A not-for-profit business that serves the needs of a particular group of members.
13. A licensed privilege to do business under an established name or company.