COMMERCE 1B03 Chapter Notes - Chapter 6: Leveraged Buyout, Limited Liability, General Partnership

• School: McMaster University
• Department: Commerce
• Course: COMMERCE 1B03
• Professor: Rita Cossa

Document Summary

One company"s purchase of the property and obligations of another company. A legal authorization from the federal or provincial/territorial government for a company to use the corporate format. 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. The process and policies that determine how an organization interacts with its stakeholders, both internal and external. A legal entity with authority to act and have liability separate from its owners. The right to use a specific business"s name and sell its good or services in a given territory. 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. A company that develops a product concept and sells others the rights to make and sell the products.