Topic 5 Vocabulary

3. Legal responsibility for something, especially debts or damages.
4. A merger between companies that operate in the same industry and at the same stage of production.
9. Business owned and operated by a single individual.
10. Organizations formed by workers to protect their rights and interests.
11. A business model in which a company allows others to operate under its brand.
14. The lowest wage legally allowed to be paid to workers.
15. The process of legally forming a corporation.
17. A large corporation that owns a number of different businesses.
18. The combining of two or more companies into one.
19. Legal entity separate from its owners, typically with shareholders.
20. Business structure where two or more individuals share ownership.

1. Business partnership where some or all partners have limited liabilities.
2. A company that operates in multiple countries.
5. Force The total number of workers available for work in a given area.
6. Percentage of the labor force that is without work but actively seeking employment.
7. Organization focused on a social cause rather than profit.
8. A merger between companies operating at different stages of the production process.
12. The supply and demand for workers within an economy.
13. Business owned and operated by its members for mutual benefit.
16. Laws Regulations that govern land use and property development.