Terms
Business Fundamentals
Functions of a Business
Entrepreneurship
Finance
100
Ideas/talent of the workforce
What is Intellectual Properties
100
is one that does not seek profit
What is Not-for-profit Organization
100
Things of value that a business or person owns
What is Assets?
100
Needs are things that are necessary for survival
What are needs?
100
total amount of income received
What is Gross Income?
200
Materials that come from the earth, water, or air
What is Natural Resources
200
Owned by one person who performs most roles and owns everything
What is Sole Proprietorship?
200
the money invested in a business.
What is Capital?
200
Wants are things that are not necessary for survival, but add comfort and pleasure to our lives.
What is are wants?
200
two main forms of payment
What is Legal Tender?
300
Federal and Provincial law as require businesses to provide a safe work environment.
What is Health and Safety
300
Businesses either sell goods (physical things you take home) or provide services (do something) in exchange for money.
What is Goods or Services
300
Converting raw materials into another product.
What is Processing?
300
BONUS!
What is BONUS
300
All the money in circulation controlled by Bank of Canada
What is Monday Supply?
400
a bank that is not chartered and helps keep the Canadian economy stable.
What is Bank of Canada
400
Bricks and mortar business, telemarketing, catalogue, virtual store
What is channels of distribution?
400
Price, Place, Promotion, Product Competitive Market, Consumer Market
What are the four P's and 2 C's of Marketing?
400
BONUS!
What is BONUS!
400
bank that operates under bank act and has authority from the government.
What is Chartered Banks?
500
factors of production; how products are made available to consumers
What is Economic Resources
500
Profit/Non-Profit, Large/Small, Forms of business ownership, goods or services, channels of distribution, role in the community, jobs
What is the seven characters to classify a business?
500
Natural Resources, Raw Materials, Labour, Capital Information, Management
What is the six types of Factors of Production?
500
self-confidence a flair for innovation the ability to work alone an aptitude for managing others
What do Entrepreneurs need to start a business?
500
Income, Price, Status, Trends, Customs, Lifestyle Advertising
What is the six factors which influence purchases?
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