Topic 5 Vocab

2. these are like agricultural markets and farms
5. These are headquarter in one country, but operating in many
6. when 2 or more firms involved in different stages of production join together
10. A business owned by one person
13. No owner,often run by a board
14. provide a service like health, legal care or credit unions
18. most complex form of a business

1. when two or more firms competing in the same market join
2. Business owned by 2 or more people who agree on divisions of responsibilities and profits
3. sells merchandise to members at a reduced price
4. purpose is to increase wages and better the working conditions of the members
7. semi independent business that pays fees to the parent company
8. levels of stress, danger
9. one person holds the liability and the other invest the money
11. businesses are using ________ reffered to as contingency workers
12. force this is a nonmilitary people who are employed or unemployed
15. a business organization owned and operated by a group of individuals for their share of benefits
16. demand in labor comes from forms competing for workers
17. Functions like a general partnership but each partner has a limited amount of liability
19. minimal skills, might need to know how to use equipment