Chapter+8+Review

1. vertical merger 2. liability 3. corporation 4. sole proprietorship 5. cooperative 6. conglomerate 7. royalties 8. limited partnership

10. Less capital, take all the fall for bad decision, more work. 11. more capital, partner to do half of the work. 12. They could bring a big return on an investment. 13. A franchise allows you to expand yur business without having to pay all of the start up costs. 14. conglomerates is three or more businesses combining that dont produce the same thing. Vertical is the cobination of businesses that do the same thing and horizontal are combining all aspects of production. 15. Multinational are businesses in multiple nations. 16. cooperatives could possibly bring in more profit. 17. Most businesses have alot of taxes and start up fees that make it tough to start. There are also a lot of licensing fees depending on the kind of business.