FABM

Cards (10)

  • pertains to a business organization whose ownership is by one and only one person
    Sole proprietorship
  • business organization composed of two or more individuals who have pooled their resources together to put up a business.
    Partnership
  • the same rights, duties, and responsibilities as a person.
    Corporation
  • another type of corporation that is created without earning profits as its main agenda.
    Non-profit Organization
  • Generates income by providing services
    Services
  • Buying and selling of goods.
    Merchandising
  • Commpany that purchases raw materials
    Manufacturing
  • a merchandising company that sells goods directly to customer.
    Retailer
  • merchandising company that sells goods to retailers.
    Wholesalers
  • Also called Book of Original Entity
    Book of Account