Marketing
This is the "P" in the marketing mix that refers to what the company charges for its product.
What is price?
This is the term for a person who starts and runs their own business.
What is an entrepreneur?
This financial statement shows a company's revenues, expenses, and profit over a period of time.
What is the income statement?
This agreement between Canada, Mexico, and the U.S. is designed to eliminate trade barriers.
What is the USMCA OR CUSMA (formerly NAFTA)?
This process involves hiring the right people for a business.
What is recruitment?
This type of research is conducted to gather data about consumer needs and preferences.
What is market research?
This document outlines a company's goals, strategies, and financial projections.
What is a business plan?
This equation is the foundation of accounting: Assets = Liabilities + __________.
What is owner’s equity?
When a company sells its goods or services to another country, it is known as this.
What is exporting?
This term refers to the process of training and developing employees to increase their skills and productivity.
What is employee development?
This marketing strategy involves setting the price of a product lower than the competition to attract customers.
What is penetration pricing?
The amount of money needed to start and maintain a business is known as this.
What is startup capital?
The system of recording transactions so that debits equal credits is called this.
What is double-entry accounting?
This term refers to a tax imposed on imported goods.
What is a tariff?
The formal process of evaluating an employee’s performance is called this.
What is a performance appraisal?
The total of all activities involved in selling goods and services to the final consumer is known as this.
What is retailing?
This term describes a company owned and operated by one person.
What is a sole proprietorship?
These are the two main types of assets: current assets and __________.
What are fixed assets?
A company that operates in more than one country is referred to as this.
What is a multinational corporation?
This is the legal protection against employment discrimination based on race, religion, gender, or other protected characteristics in Ontario.
Ontario Human Rights Code (OHRC).
The "Boston Consulting Group Matrix" categorizes products into these four groups: Stars, Question Marks, Dogs, and this.
What are cash cows?
A company's unique product or service offering that distinguishes it from competitors is called this.
What is a unique selling proposition (USP)?
The process of spreading the cost of a long-term asset over its useful life is called this.
What is depreciation?
This economic theory suggests that countries should specialize in producing goods where they have a lower opportunity cost.
What is comparative advantage?
The annual monetary compensation paid to employees over the year, typically based on their position and experience, is called this.
What is salary?