What does 'CEO' stand for?
AnswerChief Executive Officer
This top manager is responsible for running the company and reports to the board of directors.
Business · Facts & stats
Company facts & stats
7 fact-checked facts about companies and how they work, each with the reason behind it. 5 more are in today's round and join this page after it closes.
The basics
What are people who own shares in a company called?
AnswerShareholders
Shareholders, also called stockholders, own part of a company in proportion to the shares they hold.
Going deeper
The word 'company' comes from Latin roots meaning what?
AnswerWith bread
Companions were originally people who shared bread, and 'company' grew from the same roots.
Which company, founded in 1602, is often called the first to offer shares that anyone could buy and trade?
AnswerDutch East India Company
Its shares traded in Amsterdam, which helped the city develop one of the earliest stock exchanges.
What does 'B2B' mean in business?
AnswerBusiness to business
These companies sell products or services to other businesses, while B2C companies sell directly to consumers.
Expert level
What is a subsidiary?
AnswerA company controlled by another company, its parent
A parent company controls a subsidiary, usually by owning more than half of its voting shares.
What are 'economies of scale'?
AnswerCost savings per unit that come from producing more
Spreading fixed costs, such as machinery, across more units means each unit costs less to make.
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