Key terms Flashcards
A business enterprise that conducts business in several different countries. These corporations act as if there are no borders, so the global marketplace becomes their place of business
Multinational corporation:
the relocation of some of a company’s operations to another country
Offshoring
occurs when two or more companies join together either because one has purchased a controlling interest in the others or because the companies have combined their interests
Merger
agreements between businesses in which each business commits resources to achieve a common set of objectives
Strategic alliances
a combination of two or more parties that seek the development of a single enterprise or project for profit, sharing the risks associated with its development
Joint Ventures
the amount of money you will gain from the sale of the product or service
Revenue
Determining what resources you require and how much financing you will need to acquire material to run a business, like Cash, inventory, supplies, furniture, computer hardware and software, etc…’
Forecasting
using your savings or investor savings to run your business
Equity Financing:
borrowing money to run your business
Debt Financing:
the total dollar value of all goods and services produced in a country during one year. It measures how a country’s economy is doing
Gross Domestic Product (GDP):
represents the number of people who visit the website
Website hits:
A hypertext document on the World Wide Web. Web pages are necessary to advertise the goods or services that are for sale
Web pages:
controlled by or connected to another computer or to a network
Online
The part of a network address that identifies it as belonging to a particular domain ( “A catchy and simple Internet address). This Internet address lets potential customers connect with the business online
Domain Name:
A set of web pages located under a single domain name, typically produced by a single person or organization
Website
small office/ home office
SOHO
The buying and selling of goods and services, or the transmitting of funds or data over the Internet.
E-commerce
Buys a license to operate a ready-made business and is often provided with a fully operational facility.
Franchisee
licenses the rights to its name, operating procedure, designs, and business expertise to another business, the franchisee
Franchiser
a business owned by the workers or by members who buy the products or use the services that the business provides
Co-operative:
A city town or village that has been incorporated by a state and is authorized to administer local, governmental affairs (ex. Establish a police department)
Municipal corporation:
A business operated by the provincial or federal government (ex.CBC, Via Rail, Canada Post)
Crown corporation:
A corporation that raises money by making shares available to thousands of people through selling shares on the stock exchange
Public corporation:
Only a few people control all the shares or stock and therefore, the business. Shares in the company are not listed for sale on a stock exchange, a trading market where shares are bought and sold
Private corporation:
