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Careers227 Chapter 20

Terms

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Persons or companies to which money is due.
Creditors
A form of business organization in which two or more persons co-own the business.
Partnership
Businesses that sell directly to consumers.
Retailers
A legal document giving a corporation permission to conduct certain business activities.
Charter
A person or agency that distributes goods to retailers.
Supplier
Not working for someone else; owning and operating one's own business.
Self-employed
A form of business organization in which one person owns the business.
Proprietorship
A contract with a company to sell its goods and services within a certain area.
Franchise
Individuals elected by stockholders to make major decisions about a company.
Board of Directors
Someone who runs his or her own business.
Entrepreneur
The owners of a corporation; individuals who purchase stock or shares of ownership in a company.
Stockholders
A form of business organization in which stockholders own the business.
Corporation
Businesses that sell to retailers rather than to consumers.
Wholesale Houses

Deck Info

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