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Question		Answer
primary industries start learning		agriculture, forestry, mining
secondary industries start learning		capital goods, durable goods, non-durable goods
capital goods start learning		equipment and machinery used to produce other goods
durable goods start learning		cars, washing machines
non-durable goods start learning		food, clothing
service industries start learning		banking, entertainment, tourism
Economy can be divided into start learning		the private sector, the public sector
the private sector start learning		large corporations, small and medium-sized enterprises, individuals working on a self-employment basis
the public sector start learning		schools, hospitals, state owned enterprises
Types of business start learning		sole trader, partnership, limited partnership, privet limited company, public limited company, franchise
sole trader start learning		responsible for all losses of the business, no one to share the risk with him, no one to take over from him, no capital for expansion
partnership start learning		they share the risk, they also share a profit, tho or more people run the business together
limited partnership start learning		a partner can limit his liability to the amount he contributes, one partner have unlimited personal liability for the losses of the partnership
private limited company start learning		limited liability company, company is responsible for any debts not the owners, shares cannot be sold to members of the public, restriction on the number of members (maximum fifty)
public limited company start learning		large financial institutions, members of the public, run by managers under supervision of a Board, stockholders can sell their shares freely on the Stock Exchange
franchise start learning		business owner allows other people (franchisees) to set up in business using the company's brand name products and reputation, the franchisee has varying degrees of control over how products are marketed and sold
Business expansion start learning		stay private, initial public offering, trade sale, merger, acquisition
stay private start learning		the company increases its sales, number of employees but stay as a private company
initial public offering start learning		the process of issuing shares, moves from large company to company with a stock-market listing
trade sale start learning		the original small company is absorbed, for instance: biotechnology and IT
merger start learning		two established companies join to form one
acquisition start learning		takeover, one established company buys another (subsidiary) by taking controlling stake
auditing start learning		An examination of records or financial accounts to check their accuracy
air freight start learning		a system of transporting freight by air.
semiconductors start learning		An integrated circuit or other electronic component containing a semiconductor as a base material
data processing start learning		The collection and manipulation of items of data to produce meaningful information
general merchandise store start learning		a rural or small town store that carries a general line of merchandise
A peripheral start learning		a device that is connected to a host computer, but not part of it
utilities start learning		electric, gas, water
brokerage start learning		the business of buying and selling shares
consumer staples start learning		beverage, food, personal products
office supplies start learning		paper, post-it notes
consumer discretionary start learning		automobiles, household appliances, consumer services, household durables, leisure facilities
apparel start learning		clothing
integrated circuit start learning		chip
fabrication start learning		manufacturing
beverages start learning		drinks
property start learning		real estate
facilities start learning		rooms, equipment or services that are provided for particular purpose
initial public offering start learning		flotation
partnership start learning		of
run company on start learning		a day-to-day basis
privately-held start learning		shares
constraints start learning		restrictions, obstacle
underwrite the issue start learning		the investment bank takes some risk as they guarantee that all the shares will be purchased

Industries and companies

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