2.1 Exploring the World of Business Flashcards
1
Q
Financial gain
A
Profit
2
Q
Losing finance
A
Loss
3
Q
Money that investors, banks, or business owners supply for a business to begin.
A
Capital
4
Q
A business that provides a needed service for a fee
A
Service business
5
Q
A business that buys finished products and resells them to individuals or other businesses
A
Merchandising business
6
Q
A business owned by one person.
A
Sole proprietorship
7
Q
A business owned by two or more persons.
A
Partnership
8
Q
A business recognized by law to have a life of its own.
A
Corporation
9
Q
Legal permission to operate.
A
Charter
10
Q
A business that buys raw materials, uses labor and machinery to transform them into finished products, and sells the finished products to individuals or other businesses.
A
Manufacturing Business
