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Big Business Vocabulary
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assemblyline a way of making things that is arranged so each person performs one task again and again
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mass production the production of large quantities of goods using machines and an assembly line
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corporation a business in which investors own shares
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stock shares of ownership a company sells in its business which often carries voting power.
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shareholders a person who invests in a corporation by buying stock and is a partial owner.
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dividend a stockholder’s share of a company profits
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horizontalintegration the combining of competing firms into one corporation
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trust a combination of firms or corporations formed by a legal agreement, especially to reduce competition
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monopoly total control of a type of industry by one person or one company
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verticalintegration the combining of companies that supply equipment and services needed for a particular industry
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philanthropy charitable acts or gifts of money to benefit the community
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merger the combining of two or more businesses into one