the quantity of a good or service is willing to produce at different prices
What is supply?
100
What to produce?
How to produce?
For whom to produce?
What are the 3 basic questions in economics?
100
What has holes but holds water
sponges
200
For many reasons
Why do people become entrepreneurs ?
200
morals that people live by
What are ethics?
200
costs that must be paid regardless of how much of a good or service is produced
What is fixed cost
200
the government determines what , how, and for who to produce
What is command economy?
200
What has four legs, but can't walk?
table
300
an evaluation of your strenghts and weaknesses
What is self assessment?
300
all the processes planning, pricing, promoting, distributing, and selling used to determine and satisfy the needs of customers and the company
What is marketing?
300
the value of the next-best alternative the one you pass up
What is opportunity cost?
300
What month is Breast Cancer Awareness?
October
400
Specific
Measurable
Attainable
Realistic
Timely
What does SMART Goal stand for?
400
creative problem-solving technique that involves generatig a large number of fresh ideas
What is Brainstorming?
400
uses the needs of customers as the primary focus during the planning
What is marketing concept?
400
a plan that identifies how these goals will be achieved.
What is marketing strategy?
400
What has many keys, but can't even open a single door?
piano
500
S1-Define problem
S2-Gather info
S3- identify various solutions
S4-Evaluate alternatives and select the best option
S5-Take Action
S6-Evaluate the action
What are the steps to the problem solving model?
500
Production
Marketing
Management
Finance
What are the functions of business?
500
a blending of the product, price, distribution, and promotion used to reach a target market.
What is marketing mix?
500
to define your market, identify your customers and competitors, outline a strategy for attracting and keeping customers, and identify and anticipate change.
What is marketing plan
500
What has a tongue, cannot walk, but gets around a lot?