Types of Companies

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Across
  1. 4. a business whereby the owner licenses its operations—along with its products, branding, and knowledge—in exchange for a franchise fee
  2. 5. one of the four factors of production, employees
  3. 6. a portion or percentage of a company
  4. 7. liability – legal obligations to pay debts that the business has itself, while the owners own assets are not at risk
  5. 9. one of the four factors of production, the physical space and natural resources
  6. 10. one of the four factors of production, the assets that allow for increased work productivity (money, equipment)
  7. 11. liability – legal obligations that sole traders and partners have personally, because they are liable for all business debts if the business can't pay its dues
Down
  1. 1. one of the four factors of production, ideas and drive, which are used together to make a successful business
  2. 2. goods that are bought and sold in business
  3. 3. a legal relation existing between two or more persons in a business, that are bound by contract
  4. 8. business that has just one owner who pays personal income tax on profits earned from the business