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Flashcards in Keyterms1 Deck (26):
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

Primary sector

Production involving extraction of raw materials

8

Secondary sector

Production involving the conversion of raw materials into semi finished goods

9

Assembly plant

Factory were products are finished

10

Tertiary sector

Production of services in the economy

11

De-industrialization

Decline in manufacturing

12

Brownfield sites

Areas used in urban development

13

Greenfield

Undeveloped areas of land in the outskirts of town

14

Assisted areas

Areas designated by the government

15

Private Limited company

Business were shareholders invite others buy shares

16

Limited liability

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

17

Monetary system

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

18

Saturated market

Too much of a product for too little costumers

19

Executive

Manager who helps make important decisions

20

Features of multinacional

Powerful marketing capabilities

Advanced technology

Economical and political influencial

21

What documented limited company’s have to sign

Memorandum of association

Articles of association

22

What are assisted areas

Areas designated by a government to receive any kind of support

23

Chain of command definition

Routes in which messages are passed down the group

24

What is value added tax

Tax payed in goods and services

25

Income tax

Payed on personal income

26

Corporation tax

Payed in company’s profit