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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