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Business Structures Crossword Review

Across
A ______ organization is an institution that does not operate for the purpose of generating profit
The _______ owns trademark/trade name, provides support (finances, advertising, training, marketing), and receives fees
Combinations of 2 or more firms competing in the same market with the same good or service
The legal obligation to pay debts and handle problems
A corporation has many advantages: separate identity/limited liability, high potential for ______, and large amounts of capital.
Corporate combinations are combinations of more than 3 businesses that produce ________ products/ services.
One advantage of a sole proprietorship is that there are ____ regulations
Benefits from your job other than cash (ie healthcare, vacation time, sick days, etc)
A business owned and managed by a single individual
The main _______ of multinational corporations is that they can influence the culture in which they operate.
Although a partnership has its advantages, there is also more ______ potential when more than one person is involved.
Legal entity owned by individual stockholders, each of whom have limited liability for the firms' debts
The disadvantages of a business franchise include purchasing & operating restrictions, ______ product line, and fees & royalties.
One disadvantage of a partnership is that there is a lack of ________ (it may not last very long).
One main ______ of multinational corporations is that they can provide products all over the world.
Down
A business owned by two or more people who agree on responsibilities and profits (Johnson & Johnson, Ben & Jerry's, etc)
_____ Corporation: large corporation that produces and sells its goods and services in more than one country
Some advantages of a partnership include more financial assets, ease of start-up/more stability, and ______ decision making.
Semi-independent business that pays fees to a parent company (ie 7/11 & Petsmart)
A corporation has its disadvantages: difficulty of startup, loss of control, and more _______.
One disadvantage of a sole proprietorship is that you have limited _______ as well as a lack of fringe benefits.
The share of earnings given by the franchise as payment to the franchiser.
Although owning a sole proprietorship means that you are the sole receiver of profits and it is easy to start and end, you do have ______ personal liability.
The advantages of a business franchise include financial assistance and support, ______ quality, and national advertising.
The ________ uses trade mark/trade name, expands the business using support, and pays fees