Tazmanian Devil
A(n) ________ is a person who sees a new opportunity for a product or service and risks time and money to start a business with the goal of making a profit.
What is Entrepreneur?
A(n) ________ is any activity that seeks to make a profit by satisfying needs through selling goods or services and generating revenue.
What is Business?
Bradley was excited when he made $1000 selling his paintings until he realized that he had to pay the gallery owner a fee for displaying them. The fee is an example of a/an
What is Expense?
The opposite of profit is
What is Loss?
During the late 19th and early 20th centuries, the United States evolved into a(n) ________ nation.
What is Industrial?
Dalena owns a small house cleaning business. In what way is she most helping society with her business?
What is Providing a Service?
Which of these organizations is most likely a nonprofit organization?
What is the Humane Society?
Capital does not include
What is Money?
All companies operate within the ________, the arena of forces that encourage or discourage the development of business.
What is Business Environment?
The purpose of all technology is to improve
What is Productivity?
________ refers to a society's general well-being as measured by standard of living, health care, educational opportunities, freedom, happiness, and environmental health.
What is Quality of Life?
In some countries, agreements that are made between companies are not recognized because one country does not enforce the laws. This describes what element of economic forces on businesses?
What is Contract Enforcement?
China's One Child policy resulted in an imbalance of males to females in the country. This is a ________ change that can affect business.
What is Demographic?
What term refers to the movement of the world economy toward becoming a more interdependent system?
What is Globalization?
Those who have an interest in a business, such as employees, suppliers, and customers, are
What is Stakeholders?
Javier works for a company that helps sell clothing to customers by providing a place for customers to purchase the clothing. Javier's company is a(n)
What is Distributor?
A ________ is a person or an organization that supplies raw materials, services, equipment, labor, energy, and other products to other organizations.
What is Supplier?
Holidays Galore is a seasonal business, so in the off season when it is buying inventory, it is often short of cash. The business usually borrows money from the bank to tide it over until the busy season begins. The bank is Holidays Galore's
What is Lender?
________ are important stakeholders because schools and municipal governments rely on businesses for a portion of their tax base.
What is Nearby Communities?
Which factor most impacts quality of life for society?
What is Standard of Living?
The United States has imposed trade sanctions on North Korea. This is primarily a ________ force in the business environment.
What is Legal/Regulatory/Political?
Dunbar operates a production facility overseas. Despite meeting all safety requirements, he is forced to pay local inspectors a safety surcharge to keep his factory open. His complaints to the local government agency do not lead to any changes, so he decides to close the facility and relocate to a new country. Which of the forces affecting the business environment does this example best demonstrate?
What is Regulatory?
________ are government agencies that establish rules and regulations under which organizations must operate.
What is Government Regulators?
AARP is an example of a(n) ________ whose members try to influence businesses and governments on specific issues
What is Interest Group?
Armida is a lawyer with the American Civil Liberties Union (ACLU). She is regularly in court working to ensure fair treatment of all individuals in the business world. The ACLU can best be described as a(n)
What is Special-Interest Groups?