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More cards in this set
Card 16
Front
business owner(s) is personally responsible for the debts and liability of the business
Back
Card 17
Front
where shareholders in a company are only liable for the amount they have invested in the share capital
Back
Card 18
Front
an established business offers for sale to other businesses/individuals the rights to use its products, services, or logos
Back
Card 19
Front
a small business owner who is buying the rights to sell the goods and services of a large, well-established company
Back
Card 20
Front
the cost of a choice made in terms of the next best alternative foregone or sacrificed
Back
Card 21
Front
a decision between two choices arising from scarcity of resources, where having more of one thing potentially results in having less of another
Back
Card 22
Front
a business run by 2-20 owners, unlimited liability
Back
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