Business Fundamentals #1
The term used to describe the production and sale of goods and or services
What is business?
A saying and or catchy tune that keeps you thinking of the product.
What is a slogan?
This term refers to a general direction in society that may last for a long time.
What is a trend?
A clickable item that directs you to a different tab or location on the website.
What is a hyperlink?
The people aspect of a business.
What is human resources?
During this time, businesses do not create as much profit as they do in other times.
What is a recession?
The charactersistics of a population, categorized by criteria such as age group, gender, income level, and level of education.
What is a demographic?
An interactive item that holds many images.
What is an image carousel?
Defined as the planning and organizing of all business activities.
What is management?
Refers to a rise, over time, in the price of goods/services.
Informs consumers about a product or service and encourage them to buy it.
What is a promotion?
This term refers to good economic times.
What is prosperity?
An interactive item that helps guide you throughout a website.
What is a navigation bar?
The human elements of production in a business.
What is labour?
A consumer who purchases a good/service for personal use.
What is an end consumer?
Three specific elements, container or wrapper, design of the container, information printed on the container.
What is packaging?
Offer a lower price than competitor,
Offer products of higher quality,
Provide the product in a more convenient location for customers.
What are ways to differentiate products?
The general topic, font and colour scheme of a website.
What is a theme?
The management of money in a business.
What is finance?
Occurs when economic activity is very low, and unemployment is very high.
What is a depression?
Convince you to buy a particular product instead of a competitiors product.
What is persauding/persausion?
A microeconomic law that states that, all other factors being equal, as the price of a good or servce increases, consumer demand for the good or service will decrease and vise versa.
What is The Law of Demand?
This term refers to the adding or addition of a video or exported item.
What is embedding?
What is entrepreneurship?