MGMT 100 Study Guide - Final Guide: Leveraged Buyout, General Partnership, Horizontal Integration
Document Summary
One company"s purchase of the property and obligations of another company. articles of incorporation. A legal authorization from the federal or provincial/territorial government for a company to use the corporate format. conglomerate merger cooperative. The joining of firms in completely unrelated industries. An organization that is owned by members and customers, who pay an annual membership fee and share in any profits. corporate governance. The process and policies that determine how an organization interacts with its stakeholders, both internal and external. corporation. A legal entity with authority to act and have liability separate from its owners. franchise. The right to use a specific business"s name and sell its goods or services in a given territory. franchise agreement. An arrangement whereby someone with a good idea for a business sells the rights to use the business name and sell its goods and services in a given territory. franchisee.
