Countriesfacts
- What is the term for joining of two or more firms involved in different stages of producing the same good or service?
- Which type of business organization faces the most government regulation?
- What defines a corporation quizlet?
- Which of the following is an advantage to owning your own business?
- What is merger in economics?
- What is a horizontal merger?
- How cooperatives and nonprofits are like and unlike corporations and franchises?
- What are the advantages of organizing your business as a corporation?
- Which business organization is the least regulated?
- Which is true about a corporation?
- What are the advantages and disadvantages of a corporation quizlet?
- What are franchises quizlet?
What is the term for joining of two or more firms involved in different stages of producing the same good or service?
Vertical merger. The combination of two or more firms involved in different stages of producing the same good or service.
Which type of business organization faces the most government regulation?
Corporations have the most government regulation. Compare the liability of the owners of partnerships, sole proprietorships, and corporations.
What defines a corporation quizlet?
Corporation. A business owned by a group of people and authorized by the state in which it is located to act as though it were a single person, separate from its owners.
Which of the following is an advantage to owning your own business?
Creative freedom and personal satisfaction. As a business owner, you'll be able to work in a field that you really enjoy. You'll be able to put your skills and knowledge to use, and you'll gain personal satisfaction from implementing your ideas, working directly with customers, and watching your business succeed.
What is merger in economics?
An amalgamation or joining of two or more firms into an existing firm or to form a new firm. A merger is a method by which firms can increase their size and expand into existing or new economic activities and markets.
What is a horizontal merger?
A Horizontal merger is a merger between firms that produce and sell the same products, i.e., between competing firms. Horizontal mergers, if significant in size, can reduce competition in a market and are often reviewed by competition authorities.
How cooperatives and nonprofits are like and unlike corporations and franchises?
The purpose of a cooperative is to save money on the purchase of certain goods and services. A nonprofit organization does not pay taxes because it does not make a profit. To run a franchise, you have to invest money and pay franchise fees or a share of the profits.
What are the advantages of organizing your business as a corporation?
Advantages of a corporation include personal liability protection, business security and continuity, and easier access to capital. Disadvantages of a corporation include it being time-consuming and subject to double taxation, as well as having rigid formalities and protocols to follow.
Which business organization is the least regulated?
A proprietorship is the least-regulated form of business organization.
Which is true about a corporation?
A corporation is legally a separate and distinct entity from its owners. Corporations possess many of the same legal rights and responsibilities as individuals. An important element of a corporation is limited liability, which means that its shareholders are not personally responsible for the company's debts.
What are the advantages and disadvantages of a corporation quizlet?
The advantages of a corporation are limited liability, the ability to raise investment money, perpetual existence, employee benefits and tax advantages. The disadvantages include expensive set up, more heavily taxed, taxes on profits.
What are franchises quizlet?
What is a franchise? An arrangement that allows one to purchase the right to sell the goods or services of another. franchisee. a person who buys the right to sell the product. franchisor.
