ch 2 - terms

Across

4. The parent company who grants the franchise and provides goods and or services to the franchisees.
9. A method of direct distribution that uses the internet to sell products directly to consumers.
13. for profit Organization A charitable organization or charity that does not seek profit from the operations of the business and raises funds for a specific goal.
15. Short for "small office, home office," SOHO are home based businesses.
19. The total value of all goods and services produced in a country during a specific period of time (including items produced by foreign owned companies).
22. An agreement between businesses to commit resources to achieve a common set of objectives.
26. The name given to a website; a web address.
27. A business operating in or involving several nations. Also known as a transnational.
31. The part of a corporation's profit after taxes that each shareholder receives.
34. A place, or site, on the Internet where a business can be established and accessed by consumers. A website consists of one or more web pages designed to provide information about the business and display goods or services offered for sale.
35. A restriction on the extent to which the shareholders (owners) of a corporation are personally responsible for its debts, limiting their liability to the amount they originally invested.
36. A business owned by, but existing separately from, its shareholders.
37. A business that buys goods and resells them to consumers.
38. Raising money using the owner's resources or money from investors.
39. The relocation of a business process from one country to another—typically an operational process, such as manufacturing, or supporting processes, such as accounting.
40. A process whereby one company combines with or takes over the ownership of one or more other companies.

Down

1. A person who runs a franchise operation and is under contract, or licensing agreement, with the franchiser.
2. Responsibility for claims against the business that goes beyond the amount invested in the business and extends to one's personal assets.
3. A corporation with many shareholders, whose shares can be bought and sold on a stock exchange.
5. A business with two or more owners who share the responsibilities and profits/losses.
6. A unit of ownership in a corporation.
7. A visit to a website by someone using the Internet. The number of hits indicates the popularity or usefulness of the site.
8. The legal document that establishes a partnership and each partner's responsibilities.
10. A business owned and operated by the provincial or federal government.
11. The most common form of partnership, in which the partners share in
12. A corporation owned by a small number of shareholders.
14. A broad measure of a nation's total economic activity. The value of all finished goods and services produced in a country in one year by its nationals.
16. A business that provides a service to satisfy the needs or wants of consumers.
17. A business that produces goods for sale.
18. A business directly owned by one person who receives all profIts and is responsible for all liabilities.
20. Borrowing money to finance operations of the business.
21. The formal name for a city or town.
23. A partnership in which the liability of each partner is limited to the amount of his or her investment.
24. A person who owns shares in a corporation; also called a stockholder.
25. A group of individuals who run a corporation or co operative and make decisions on behalf of the shareholders.
28. A business project that matches the skills of two individuals or businesses for mutual benefit.
29. A business owned by members who utilize the goods and services offered.
30. decision making, and profits. However, the partners have unlimited liability for the debts of the business.
32. Predicting future conditions.
33. The money a business receives for the products and or services it sells or from its investments.