Technology and marketing
Buying and selling between 2 businesses
What is B2B
The cause of business activity after waste is released into water
What is water pollution
The value a business needs to pay for something
What is cost
It's the cost of borrowing money
What is interest rate
A period of prolonged economic growth
What is boom
Selling by business to a customer
What is B2C
The cause of business activity when poisonous gasses are released into the air
What is air pollution
Financial revenues minus financial cost
What is net financial return (profit)
That's how we call rates that go up and/or down
What are fluctuating interest rates
A period of time when economy grows and then falls
What is the business cycle/ trade cycle
Buying and selling over the internet
What is E-commerce
Values and principles that influence how people behave
What is ethics
positive outcomes of business activity on society
What are social benefits
A period in which economic growth declines
What is recession
Output of good raises
What happens during a recovery and/ or boom
Online content located under a single domain name
What is a website
Giving fair wages, respecting environment, taking care of employees, providing quality products and services
What shows that a business operates in an ethical way
Negative impact of a project or business activity on people
What are social costs
A period in which the economy grows following a recession
What is recovery
Wages and prices fall
What happens during a slump and/ or recession
A marketing activity that encourages customers to buy products or use services.
What is promotion
Child labour, supplying dangerous products, not paying taxes
What are examples of unethical behaviour
It is used as part of decision-making process before deciding whether to start a project or new business
What is cost-benefit analysis
When the recession lasts for a much longer period
What is slump
The desire, willingness and ability of consumers to pay a certain price for a product or service at a given period
What is demand