week 4 Flashcards
what was the company of the guest speaker and what did they sell
Virchew and they sold vegitarian dog food
what forms of investment did she recive
she has shareholders that are vets and she also has a angel investor
why might someone want to sell shares of there company
because then you dont have to take on debt and you can take advantage of the network and connections of your investor since they have stake and care
what is the riskiest point in a business
the start up
what is a asset that a borrower uses to secure the loan
collateral
“an artificial being only in contemplation of the law”
a corporation
what business structure is the simplest and has the lowest start up cost
sole proprietorship
what is bootstrapping
when you start and run your business by spending the least amount of money possible and use things that you already have
who is a individual that recognizes adn seizes opertunities
entrepenuer
what are teh four main organizational forms that businesses adopt
sole proprietorship, partnership, corporation, co operative
what is the name of a new organziation that provides goods and services
new venture
what is the private sector
its companies that are nto controlled by the governemnt
what are 4 characteristics of a independent agent
they sell the exporters products, make sure that the customers are happy, is a foreign individual or organization, often collects payments
what is not a characteristic of a independent agent
represents only one firm
what alliance is for companies that are looking for partners in the country that they want to conduct business in
strategic alliance
