Business Terms

4. A decrease in assets or resources
7. agreement A written and legal agreement between business partners, not needed but recommended
8. The state of disagreement or misunderstanding, resulting from the actual or perceived dissent of needs, beliefs, etc. between the members of the organization.
9. Payments made to the shareholders from the profits, post-tax, of a company
11. sector The part of an economy that is controlled by the state
12. Companies that have separate legal status from their owners
14. Trader A business owned by one person

1. sector The part of the national economy that is not under direct state control
2. The possibility a company will have lower than anticipated profits or experience a loss rather than taking a profit
3. They are the owners of a limited company. They buys shares which represents part ownership of a company
4. liability Protects the owner, and shareholders, so they can’t lose more money than they invested in an investment
5. A person or company that grants the license to a third party for the conducting of a business under their marks
6. venture When two or more businesses agree to start a new project together
8. The money invested into a business by the owners
10. general meeting(AGM) A legal requirement for all companies
13. The positive gain remaining for a business after all costs and expenses have been deducted from total sales