Ch+8+Review

Ch 8 Review pg. 206 #1-8, 10-17


 * 1) vertical merger
 * 2) liability
 * 3) corporation
 * 4) sole partnership
 * 5) consumer cooperative
 * 6) conglomerate
 * 7) royalties
 * 8) limited partnership
 * 9) 3 trade off for running a sole proprietorship are you can choose location, name, service offered
 * 10) The advantages of forming a partnership when open a business are that come up with more ideas, have more contacts, only half to do half the work
 * 11) benefits that can bring a corporation brings to the stockholders is that they own their share.
 * 12) make money, but as well pay money to the parent company
 * 13) horizontal mergers join 2 or more firms competing in the same market with the same good or service, vertical mergers join in 2 or more firms involved in different stages of producing the same good or service, and conglomerates have more than 3 business that make unrelated products
 * 14) MNC's are corporations that operate in more than one country at a time
 * 15) the good thing about cooperatives is that they're own by one person
 * 16) all companys have to go through the same process of obtain permits and paying fees
 * 1) all companys have to go through the same process of obtain permits and paying fees