chapter 2 Flashcards
(17 cards)
a business project that matches the skills of two individuals or businesses for mutual benefit
joint venture
an agreement between businesses to commit resources to achieve a common set of objectives
strategic alliance
a process whereby one company combineswith or takes over the ownership of one or more other companies.
merger
the relocation of some companys operations to another company
offshoring
a business operating in or involving several nations. Also known as a transnational.
multinational cooperation
Why might a manufacturer seek out a business with which to form a joint venture?
Manufacturers may choose to seek out a business with which to form a joint venture for several reasons those including, joined risks and challenges, access to new markets and for advantages.
Why might a manufacturer seek out a business with which to form a joint venture?
Manufacturers may choose to seek out a business with which to form a joint venture for several reasons those including, joined risks and challenges, access to new markets and for advantages.
people that could form a strategic alliance
Suppliers
Distributors and retailers
Marketing partners
Competitors
Technology partner
Identify the three most common types of businesses.
-Sole proprietorship
- partnership
- corporation
Define e-commerce.
the selling of goods and services online
indentify the four types of cooperations
- private cooperation
- public cooperation
- crown cooperation
- municipal cooperation
what are some sources of mo ney for a sole proprietorship?
Personal savings
Family and friends
Bank loans
Which form of business ownership attempts to provide dividends to their owner/members?
- cooperative
- cooperation
Why are franchises thought of as a hybrid form of ownership?
The franchiser and the franchisee are independent businesses affiliated with this agreement only. It combines both independent business ownership and cooperate control. This is why franchises can be thought of as a hybrid form of business ownership.
cooperatives
community groups that work together
debt financing
Debt financing is a method where a company raises capital by borrowing money, typically through loans or bonds, with the obligation to repay the principal and interest over a specified period.
equity financing
Equity financing is a type of financing in which companies raise capital by selling to investors, giving them an ownership stake
