BUS 101
Marketing
Finance
Economics
Management
100
A category of like businesses.
Industry
100
The process of promoting, selling and distributing a product or service.
Marketing
100
How much money a business gets in return from an investment.
Return on Investment
100
Father of modern economics.
Adam Smith
100
The act or process of creating goals and objectives as well as the strategies to meet them.
Planning
200
Holds the firm's owners responsible for no more than the capital they invest.
Limited liability
200
A specific group of customers at which a company aims its products and services.
Target Market
200
Leftover equity paid back to the shareholders.
Dividends
200
The number of units (produced or sold) for which revenue equals cost so that profit is zero.
Break-even point
200
A person, group or organization that has interest or concern in an organization.
Stakeholder
300
Something produced or manufactured to be sold; a good.
Product
300
One business sells goods or services to another business.
Business to Business or B2B
300
Revenues minus expenses.
Net income/profit
300
The wealth and resources of a country or region, especially in terms of the production and consumption of goods and services.
Economy
300
Shows how the firm is structured and who is in charge of who.
Organizational chart
400
A written description of a new business venture that describes all aspects of the business.
Business plan
400
A potential customer.
Sales Prospect
400
The ratio of profit divided by revenue displayed as a percentage.
Profit Margin
400
The amount of a commodity, product, or service available and the desire of buyers for it, considered as factors regulating its price.
Supply and Demand
400
Providing direction and vision.
Leadership
500
A one-time expense that doesn’t vary with business volume.
Fixed cost
500
A combination of factors that can be controlled by a company to influence consumers to purchase its products.
Marketing Mix
500
The amount of time it takes to recover the initial investment of a business.
Payback Period
500
The unobservable market force that helps the demand and supply of goods in a free market to reach equilibrium automatically. HINT: It is a theory
Invisible hand theory
500
The manager responsible for the daily operation of a business?
Operational manager
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