Domain 1 Review Mkt Est Study Set (Work In Progress)

LLC

A business structure allowed by state statute.

C Corp

A legal structure for a corporation in which the owners, or shareholders, are taxed separately from the entity.

Non-Profit

A non-profit organization is a group organized for purposes other than generating profit and in which no part of the organization's income is distributed to its members, directors, or officers.

Entrepenuer

A person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.

Sole Proprietor

A sole proprietor is someone who owns an unincorporated business by himself or herself.

Capital

Accumulated assets (as money) invested or available for investment.

Franchise

An authorization granted by a government or company to an individual or group enabling them to carry out specified commercial activities.

B2C

B2B (business-to-business), a type of electronic commerce (e-commerce), is the exchange of products, services or information between businesses.

Tangible

Capable of being perceived especially by the sense of touch.

Eccomerence

Commercial transactions conducted electronically on the internet.

Digital Goods

Digital goods or e-goods are intangible goods that exist in digital form.

Small Business

It defines small business by firm revenue (ranging from $1 million to over $40 million)

S Corp

S Corporations are corporations that elect to pass corporate income, losses, deductions, and credits through to their shareholders for federal tax purposes.