Forms of Business and Objectives
- Created by: charlottemay27
- Created on: 06-04-16 12:50
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Clues
- a binging legal document that states the formal rights of partners (4, 2, 11)
- a business owned by its members, who are customers not shareholders (6, 12)
- a business that aims to make enough and provide the flexibility needed to support a particular lifestyle for the owner (10, 8)
- a business that trades with the object of improving human or environmental well-being (6, 10)
- a legal status which means that a business owner is only liable for the original amount of money invested in the business (7, 9)
- a legal status which means that the owner of a business is personally liable for all business debts. (9, 9)
- a partner that contributes capital and enjoys a share of the profit but takes no active role in running the business (8, 7)
- an attempt to sell as much as possible over a given period of time (or an attempt to generate as much sales revenue as possible in a given period of time) (5, 12)
- production involving the conversion of raw materials into finished and semifinished goods (9, 6)
- when choosing between different alternatives, the opportunity cost is he benefit lost from the net best alternative to the one that has been chosen (11, 4)
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