Intro to Business Chapter 2

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Across
  1. 2. model A company’s plan for making a profit
  2. 4. A share in ownership and a claim to a portion of a corporation’s profits
  3. 5. sales model Employees of a business sell a product directly to a consumer
  4. 6. business An organization that generates income for its owners
  5. 7. bylaw A rule that explains how business will be conducted by a corporation
  6. 11. model Business model where the owner of a company grants another business owner the right to use the owner company’s name
  7. 13. business Company that is created to benefit a public interest
  8. 14. A business owned by stockholders who share in profits and losses
  9. 15. agreement A legally binding contract that establishes a partnership
  10. 17. The collection of small investments from a large number of individuals to finance a business
  11. 18. partnership Involves at least one general partner who assumes operations control and unlimited liability as well as one or more limited partners
  12. 21. liability company Type of ownership that joins elements of a corporation and a partnership
  13. 23. A type of business that is owned and managed by members of a group who benefit from services the business provides
Down
  1. 1. model Business model where customers pay a subscription price for a product
  2. 3. A corporation that requires its owners to file their profits and losses on their personal tax returns
  3. 8. agreement A document that outlines the procedures for how an LLC will function
  4. 9. model Business model where a company provides goods or services for free but later charges for extra features
  5. 10. A form of business owned by two or more individuals who share management and profits
  6. 12. design The way a company’s mission relates to its structure
  7. 16. proprietorship A business owned and operated by a single individual
  8. 19. A portion of a corporation’s income received by stockholders
  9. 20. partnership Gives the owners full control over management, operations, and business decisions regarding the company
  10. 22. of directors A group of individuals who represent stockholders and make high-level policy and management decisions for a corporation