Money Matters
One are things you do not have to have to survive, others are things you must have in order to survive
What are wants and needs?
A person who uses/buys goods and/or services
What are customers/consumers?
The three main types of business organizations/ways to form a business.
What are sole proprietorship, partnership, and corporation?
A job suitable for a worker who is new to a job, field, or subject. They are just starting out.
What is entry-level?
Business conducted on the Internet.
What is e-commerce?
The study of how individuals strive to satisfy their needs and wants by making choices.
What is economics?
An individual who undertakes the creation, organization, and ownership of a business.
What is an entrepreneur?
The written description of a new business venture that describes all aspects of the business.
What is a business plan?
A one to two-page formal document that lists a job applicant's work experience, education and skills.
What is a resume?
E-tail is electronic retail. Name and advantage and disadvantage to being able to shop online.
What is convenience and choices, but overspending, additional charges, and immediacy?
The three types of economic systems we have in the world.
Businesses supply goods and services with the motivation of making this.
What is profit?
A contractual agreement to use the name and sell products or services of a company in a designated geographic area.
What is a franchise?
What is a reference?
The process of creating, promoting, and presenting a product or service to meet the wants and needs of consumers, wherever they are.
What is marketing?
The amount of goods and services that producers will provide at various prices compares to the amount or quality of goods and services that consumers are willing to buy at various prices.
What are supply and demand?
Companies thrive on this. It is the contest between businesses to win customers.
What is competition?
Includes the processes or functions of planning, organizing, staffing, leading, and controlling.
What is management?
Gives an employee a higher-level job with more authority.
What is a promotion?
The public promotion of something such as a product, service, business, or event, to attract or increase interest in it.
What is advertising?
The moral principles by which people conduct themselves personally, socially, or professionaly.
What are ethics?
This is a federal government agency that protects consumers from dangerous or falsely advertised products. Most companies obey the government's rules.
What is the Food and Drug Administration (FDA)?
This means taking a company and its employees in a direction based upon a vision.
What is leadership?
A move to another job within a company, usually at the same level and pay.
What is a transfer?
The systematic process of recording and reporting the financial position of a person or an organization.