Chapter 2: Forms of Business Ownership - Part 1

offshoring

A Canadian company that moves its manufacturing to China is practicing...............

private corporation

A corporation owned by a small number of owners is considered a ..............................

public corporation

A corporation with many shareholders is known as a(n) ....................................

merger

A(n) ..................occurs when two or more companies join together to become a single organization.

joint venture

A(n)..................combines the skills and expertise of two different business so that both benefit.

strategic alliance

The alliance between CBC and the Toronto Star is an example of a(n) ........................

franchiser

This company licenses the rights to use its name to another business; eg. Subway; McDonalds; Harveys

franchisee

This party is the person to whom a license is granted to use the company's name

crown corporation

a business operated by the federal or provincial government; Examples include the following: Via Rail; Liquor Control Board of Ontario Metrolinx Northern Ontario Heritage Fund Ontario Agricorp Ontario Clean Water Agency Ontario Educational Communications Authority Ontario Lottery and Gaming Corporation Ontario Northland Transportation Commission Ontario Science Centre Ontario Securities Commission Royal Ontario Museum Science North

forecasting

allows businesses to predict future conditions

e-commerce

allows shoppers to use the Internet to buy goods at home.

debt financing

getting a bank loan to start your business is an example of ..................(2 words)

SOHO

home-based businesses are sometimes referred to as a ..............................

equity financing

starting a business using investors' money is an example of ..................(2 words)

revenue

subtracting costs and expenses from .......determines whether a business has turned a profit or loss

multinational corporations

take advantage of the best resources of several countries