Customers who purchase goods and services for their own use are called _____Groups

A _____ is anywhere buyers and sellers meet to buy and sell goods and services.

The difference between the income earned and the expenses incurred by a business during a specific period of time is called _____.

A science that examines how goods and services are produced, sold, and used is called _____.

The law of ____________ says that the price of a product is determined by the relationship of the supply of a product and the demand for the product.

The study of how people satisfy unlimited wants and needs with limited resources.

The things you wish you could have

The gradual rise in prices

Tasks that people or machines perform; satisfy some of your wants for things you can’t see or touch.

Customers who purchase goods or services for their own use

says that the price of a product is determined by the relationship of the supply of a product and demand for the product

The money or fee you pay for borrowing money

What are the 4 functions of business?

An individual's ideas of what is right and wrong are called_____________________

A contract to rent something is a _______________

Never sharing specific information about a company or its employees is called __________________________

A legally binding agreement between two or more people or businesses is called a(n) _________________________________

What are businesses required by law to give all workers?

Principles that help define appropriate behavior in a business setting are ___________________

Overstating the features and benefits or products is called ___________________________________

Rules of behavior based on a group's ideas of what is right and wrong are called ________________________

A proposal to provide a good or service is an _____________

Behaving with sensitivity to social, environmental, and economic issues is having ________________________________

An organization that generates revenue -

An association of two or more persons who co-own a business with the objective of earning a profit is called a(n)

Business that is owned and often operated by a single individual

Share of ownership in a corporation

______ is a numeric system to classify businesses and collect economic statistics.

An accounting firm that prepares taxes for an advertising agency operates in the ______ market.

Which is not an example of a not-for-profit organization?

A business that buys large quantities of products directly from producers and sells products in smaller quantities to retailers is called a(n)

A_________________________ is a market that consists of customers who buy products for use in a business.

A major advantage of forming a corporation is _______.

1. What are the 4 functions of business?

1. What are the 4 levels of Inflation

1. What are the 4 factors of production?

The gradual rise in prices

___________ is being able to work efficiently with anyone with different skill sets, personality, work styles or motivation level to achieve a better team result.

Good ________ are codes of behavior that is considered acceptable in society.

A company that is independently owned and operated, it is not dominant in its field, and employs fewer than 500 people is considered a ___________.

The largest provider of services in the country is ___________.

A(n) ____________________ is a word, symbol, design, or combination of these that a business uses to identify itself or something it sells.

The process of recruiting, hiring, training, evaluating, and compensating employees.

To give up an idea, need or want so that the group can come to a solution.

The process of controlling and making decisions about a business.

The efforts of more than one person is always greater than individual efforts.

People who continuously have conflict in their lives and have difficulty getting along with others are lacking...

Something you want to achieve in a certain period of time.

Which is the most diplomatic leadership style for all involved?

Which skills have the ability to analyze a situation, interpret information and make reasonable decisions?

A teacher, manager or parent who "let's its people do what they want" is demonstrating which type of leadership? (hands-off approach)

A SMART goal is one that is specidic, measurable, attainable, realistic, and technical.

Mass production is .........

What are the four functions of business?

The specialization of individuals who perform specific tasks

Manufacturing is the process of making _____ in a workshop or factory.

On an assembly line, ____ is divided into steps.

Factories _____ goods, often using an assembly line.

What is the main purpose of human resource management?

What does the term ‘human resource management’ describes ?

Which of the following refers to how much a job pays and the benefits offered?

When evaluating a job opportunity, you should pay attention to health care, retirement benefits, and your special needs.

Supervisors might use this to prevent boredom, keep morale high, and teach a variety of work experiences.

Which is the process of finding, selecting, training, and evaluating employees?

Which of the following is an evaluation of how well an employee is doing?

Which of these would not normally be found in a job description?

Designation, location, and job-related duties are mentioned in the:

Which is considered a voluntary separation?

The function of marketing that includes decisions about advertising, personal selling, customer service, publicity, promotional events, and store design and layout is _____.

Process of communicating with potential customers in an effort to influence their buying behavior.

Many businesses use _____ to gather, store and use customer data for marketing.

The three levels of buying decisions for businesses are new purchase, repeat purchase, and _____ purchase.

The influence that comes from the society in which a person lives is called _____.

A(n) _____ buying decision is when a consumer purchase is made with no planning or research.

A _____ is a document describing business and marketing objectives and the strategies and tactics to achieve them.

Segmenting a market based on where customers live is _____ segmentation.

_____ selling focuses on building long-term rapport with customers.

Activity that is done for another person, ex. house cleaning