Name:_________________________________________________________ Period____________
BUSINESSES AND MARKET STRUCTURES
SOLE PROPRIETORSHIP
DEFINTION
FORMING A SOLE PROPRIETORSHIP
ADVANTAGES
PARTNERSHIPS
CORPORATIONS
DEFINTION
DEFINTION
FORMING A PARTNERSHIP
ADVANTAGES
FORMING A CORPORATION
ADVANTAGES
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SOLE PROPRIETORSHIP
DISADVANTAGES
BANKRUPTCY
PARTNERSHIPS
CORPORATIONS
DISADVANTAGES
DISADVANTAGES
GENERAL PARTNERSHIP
LIMITED PARTNERSHIP
STOCKHOLDERS
STOCK
COMMON STOCK
PREFERRED STOCK
DIVIDENDS
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1. GROWTH THROUGH REINVESTMENT
INCOME STATEMENT
NET INCOME
GROSS EARNINGS
IS ALSO
CALLED:
DEPRECIATION
CASHFLOW
2. GROWTH THROUGH MERGERS
MERGER
REASONS FOR MERGING:
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HORIZONTAL MERGER
CONGLOMERATES
1. NONPROFIT ORGANIZATIONS
VERTICAL MERGER
MULTINATIONALS
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2. COOPERATIVES
SERVICE COOPERATIVES
CONSUMER COOPERATIVES
PRODUCER COOPERATIVES
3. LABOR UNIONS
COLLECTIVE BARGAINING
4. PROFESSIONAL ORGANIZATIONS
5. BUSINESS ORGANIZATIONS
6. CHAMBER OF COMMERCE
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7. GOVERNMENT
DIRECT ROLE
INDIRECT ROLE
A. LARGE NUMBER OF
BUYERS AND SELLERS
B. IDENTICAL PRODUCTS
C. INDEPENDENTLY
1. PERFECT COMPETITION
D. WELL-INFORMED
E. FREEDOM
IMPERFECT COMPETITION
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2. MONOPOLISTIC COMPETITION
PRODUCT DIFFERENTIATION
NONPRICE COMPETITION
3. OLIGOPOLY
COLLUSION
PRICE FIXING
4. MONOPOLY
A. NATURAL MONOPOLY
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B. GEOGRAPHIC MONOPOLY
C. TECHNOLOGICAL MONOPOLY
PATENT
D. GOVERNMENT MONOPOLY
1. INADEQUATE COMPETITION
3. RESOURCE IMMOBILITY
POSITIVE EXTERNALITIES
2. INADEQUATE INFORMATION
4. EXTERNALITIES
NEGATIVE EXTERNALITIES
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