Studied by 39 peoplecorporation
a formal organization of producers that agree to coordinate prices and production
McDonalds, apple, amazon
name 3 examples of a corporation
to expand market share
name a reason to create a merger
reduces competition
name an advantage of a merger
gaps in communication
name a disadvantage of a merger
exxonmobil, kraft heinz company
name 2 examples of a merger
sole proprietorship
a company owned and managed by a single individual
easy startup, full control
name two advantages of a sole proprietorship
liability, limited access to resources
name two disadvantages of a sole proprietorship
70
what percentage of businesses are sole proprietorship
multinational
what type of business structure has headquarters in one country but sells to multiple companies
mcdonalds, apple, amazon
name 3 examples of a multinational company hint: m___, a___, a___
spreads technology and production methods
name an advantage of a multinational company
low wages and poor working conditions
name a disadvantage of a multinational company
franchise
what is a semi-independent business that pays fees to a prent company
McDonalds
name 1 example of a franchise hint: m___
standardized quality
name an advantage of a franchise
limited product line
name a disadvantage of a franchise
limited external regulation
name an advantage of a partnership
liability
name a disadvantage of a partnership
Note
Flashcard