Techno
Techno
Techno
16. Business ownership refers to the legal and financial responsibilities held by individuals
or entities who control a business.
17. Owners may be sole individuals, partnerships, corporations, or cooperatives, impacting
liability, taxation, and management structure
18. business ownership is crucial for determining the best structure for achieving goals and
managing risks effectively.
19. Partnerships are a form of business ownership where two or more individuals share
ownership and management responsibilities.
20. It is a type of partnership in which all partners share equal responsibility for managing
the business and are personally liable for debts and obligations. General Partnership
21. It is a type of partnership that can contribute capital and share profits but does not
participate in management. Limited Partnership
22. A partnership agreement is a legally binding document outlining the partnership's terms
and conditions.
23. It serves as a framework for how the business will operate, helping to prevent disputes
and misunderstandings among partners. partnership agreement
24. Limited Liability Company (LLC) is a famous business structure combining corporate
and partnership features, providing flexibility and protection for its owners.
25. It is a specialized business form that people with similar interests, such as customers and
suppliers, form. COOPERATIVES
26. It is a specialized business from 2 or more companies allied to pursue a specific project,
usually in a particular period. joint venture
27. The combination of 2 or more firms to form a new company often takes a new corporate
identity. Merger
28. It is a type of merger that involves the same industry and the same stage of production.
Horizontal Mergers
29. It is a type of merger that involves the same industry and different stages of production.
Vertical Mergers
30. It is a type of merger that involves different industries. Conglomerate mergers
31. It is a merger involving corporate takeovers with borrowed money. Leveraged buyouts
32. The purchase of a corporation by another corporation or investment group. Acquisition
33. allows organizations to identify and evaluate the impact of their competition.
competitive test
34. A competitive test is an evaluative tool that organizations can use to determine how well
they are performing
35. The value test consists of the financial status, a balanced management team, and a large
market share
36. A reality test is an assessment that helps a company determine whether there are
potential customers for their product.
37. A competitor analysis identifies competitors in your industry and researches their
different marketing strategies.
38. A business loan proposal: a crucial document that outlines your business's financial
needs and goals, serving as a formal request for funding from lenders.
39. PRO FORMA FINANCIAL a method of calculating financial results using certain
projections or presumptions.
40. Location The physical space where your business exists.
41. Pricing is the process you use to set the price of your product or service.
42. Feature (a descriptive fact about a product or service)
43. Benefit (what a customer gains from the product or service)
44. Key success factors state the important elements required for a company to compete in
its target markets.
45. capital the money a company needs to function and to expand
46. Business trend snew developments or patterns in the business world that affect
organizations' priorities, opportunities, and performance.
47. distribution a chain of businesses or intermediaries through which the final buyer
purchases a good or service.
48. Market size the number of potential customers that could buy from your business
49. Collateral an asset or assets that a business owner promises to hand over to a lender if
they fail to repay the loan
50. Raw materials the input goods or inventory that a company needs to manufacture its
products.