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Unit 3 - Coggle Diagram
Unit 3
Terms
Horizontal integration
a business strategy in which one company acquires or merges with another that operates at the same level in an industry.
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Vertical integration
the combination in one company of two or more stages of production normally operated by separate companies.
Sole Proprietorship
an unincorporated business owned and run by one individual with no distinction between the business and you, the owner
Perfect Competition
prevailing in a market in which buyers and sellers are so numerous and well informed that all elements of monopoly are absent and the market price of a commodity is beyond the control of individual buyers and sellers.
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Corporations
Corporate finance is concerned with how businesses fund their operations in order to maximize profits and minimize costs.
Oligopoly
a state of limited competition, in which a market is shared by a small number of producers or sellers.
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