Examlex
Colgate-Palmolive, Unilever, Proctor and Gamble, and Henkel cooperated legally when they agreed to prearranged prices at which they would sell to retailers.
Sole Proprietorship
A business structure in which a single individual owns and operates the business, bearing sole responsibility for its debts and obligations.
Corporation
A legal entity owned by stockholders whose liability is limited to the value of their stock ownership.
Partnership
A firm with multiple owners who share the profits and bear unlimited liability for the firm’s losses and debts.
Industrial Revolution
Development of large-scale factory production that began in Great Britain around 1750 and spread to the rest of Europe, North America, and Australia.
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