Chapter 8 Section 3
multinational corporation (MNC)
large corporation that produces and sells its goods and services throughout the world
certificate of incorporation
license to form a corporation issued by state government
horizontal merger
the combo of two or more firms competing in the same market with the same good or service
vertical merger
the combo of two or more firms involved in different stages of producing the same good or service
dividend
the portion of corporate profits paid out to stockholders
stock
a certificate of ownership in a corporation
bond
a formal contract to repay borrowed money with interest at fixed intervals
corporation
a legal entity owned by individual stockholders
conglomerate
business combo merging more than three businesses that make unrelated products
closely held corporation
corporation that issues stock to only a few people, often family members
publicly held corporation
corporation that sells stock on the open market