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Flashcards in Keyterms1 Deck (27):
1

Venture capitalist

Specialist investors (individual or companies) who provide money for business purpose

2

Chairperson

A person in charge of directing a committee or organization

3

Certificate of incorporation

Document needed before a company can start doing business

4

Productivity

Rate at which goods are produced

5

Public corporation

Business owned by the gov.

6

Infrastructure

Basic systems and structure

7

Subside

Paying part of the cost

8

Primary sector

Production involving extraction of raw materials

9

Secondary sector

Production involving the conversion of raw materials into semi finished goods

10

Assembly plant

Factory were products are finished

11

Tertiary sector

Production of services in the economy

12

De-industrialization

Decline in manufacturing

13

Brownfield sites

Areas used in urban development

14

Greenfield

Undeveloped areas of land in the outskirts of town

15

Assisted areas

Areas designated by the government

16

Private Limited company

Business were shareholders invite others buy shares

17

Limited liability

The owner of the business doesn’t have to pay with its savings the company depths

18

Monetary system

the system used by a country to control the exchange of money

19

Saturated market

Too much of a product for too little costumers

20

Executive

Manager who helps make important decisions

21

Features of multinacional

Powerful marketing capabilities

Advanced technology

Economical and political influencial

22

What documented limited company’s have to sign

Memorandum of association

Articles of association

23

What are assisted areas

Areas designated by a government to receive any kind of support

24

Chain of command definition

Routes in which messages are passed down the group

25

What is value added tax

Tax payed in goods and services

26

Income tax

Payed on personal income

27

Corporation tax

Payed in company’s profit