Business Relations Flashcards
Holding / Parent Company
company created to buy & own the shares of other companies which it controls
(wholly-owned) subsidiary
owned to at least 51% by parent company, usually operates independently
merger / to merge
two or more companies join together and form one
acquisition
purchase of one company by another / buying or obtaining of assets or objects
takeover
one company makes a bid to achieve control of another, often by purchasing a majority of shares
franchise
agreement: firm provides other party with right to use firms name and sells and sends out its products
franchisor
the firm that provides franchise
franchisee
individual / company that holds franchise
hostile takeover
corporate acquisition or merger carried out against wishes of board of target company
joint venture
business agreement: 2 parties or more pool their resources for the purpose of accomplishing a specific task
competitor / rival
person / company / team competing against another one
competition
situation: one is trying to win something / be more successful
competitive edge
fact that company has advantage over competitors
(sub)contractor
person / company that arranges to supply material or workers
to contract out / outsource
company pays to have part of its work done by another company
