This document discusses various business concepts including corporations, franchises, mission statements, goals, procedures, organization charts, and organizational structures. It provides examples of corporations like Coca-Cola and franchises like McDonald's and Dominos Pizza. It explains that a mission statement outlines a business's purpose and goals. The importance of setting long and short term goals for employees is discussed. Common company procedures and what an organization chart diagrams are also summarized. Finally, the key differences between a functional and matrix organizational structure are presented.