Flashcards in Keyterms Chapters 4-10 Deck (46):
Specialist investors who provide money for business purposes. Often to new businesses.
Business that have a separate legal identity from that of the owner.
Shareholders are legally responsible for the debts of the business depending on how many shares they own.
Someone who is in charge of a meeting or directs the work of a committee or organization
Certificate of incorporation
Document needed before a new company can start dong business.
Private limited company
A company with limited liability that does not sell shares publicly.
A market for shares in public limited companies
Public limited companies
Companies that have limited liability that sell shares publicly
A document produced by a company that wants the public to buy its shares.
Official power to control an activity and make sure it is done in a satisfactory way
The process of a company going public
A large business that operates in 2 or more countries
The sale of new shares
Rate at which good are produced in relation to time taken, work force and money used.
Business owned by the Government
Basic systems and structures that a country/organization needs in order to work properly.
A market in which it is more efficient to have just one organization meeting the total demand
Paying part of costs
Transfer of public sector organization to a private sector organization
Production involving the extraction of raw materials from the Earth.
Production involving the covert ion of raw material to finished/semi finished goods.
Factory where parts are put together to make a finished product.
Production of services in the economy
Decline on manufacturing
Areas of land that where once used for urban development
Green field sites
Previously undeveloped areas of land usually on the outskirts of cities and towns
Areas that have economic problems and are targeted to recieve help in various forms.
Careful study of how a planned activity will work, how much it will cost, and what income it is likely to bring.
Group of countries situated in the same region that join together and enjoy free trade barriers
Rapidly growing economies
The growing integration of the world economies
People knowledge or creative ideas that have commercial value and are protectable I de various forms of copyright.
System of money in a country or in the world and the way it is controlled by governments and central banks
To offer so much of a product for sale that there is more than people want to buy
Business that uses other businesses weaknesses to get advantages
Takeover that the company being taken over does not want to agree with
Offer to pay a particular price for something
Products that are bought the sold. GOLD
A legal document giving a person/company the right to sell a product/way of doing something, now one else can do or sell what is patented
New business activities that involve taking risks
Money in a foreign currency held by a country and used to support its own currency and to pay for imports and debts
People and their skills
Activity of starting a new business
Situation in which you treat someone unfairly by asking them to do so something for you and you give very little in return
Where a multinational returns the profits from and overseas venture to where it is based