The amount of goods or services the producers are willing to provide.
What is Supply
100
Intangible products that satisfy consumers wants and needs
What is Services
100
loses money for creditors, the people who lent the money and for its investors
What is Chapter 7 bankruptcy
100
A corporation that is taxed like a partnership; profits are taxed only once at the shareholder’s personal tax rate. These corporations can have only one class of stock
What is Subchapter S
100
Info that has been collected by someone else.
What is Secondary Market Data
200
The quantity of goods or service the consumers are willing and able to buy at various prices
What is Demand
200
a business the owned and operated by one person
What is Sole proprietorship
200
The favor and loyalty a business acquires by its good reputation
What is Goodwill
200
a complete picture of a venture’s prospective customers, including geographic, demographic, and psychographic data
What is Customer profile
200
The tendency to buy a particular brand of a product.
What is Brand Loyalty
300
Situations in which a change in price has little or no effect on demand for products
What is Inelastic demand
300
A business that disappears from, the tax rolls because it may be operating under a new name or because the owner has purposely discontinuation in order to start a new business
What is Discontinuance
300
A legal agreement to begin a new business in the name of a recognized company
What is Franchise
300
Personal characteristics characteristics the describe a population by age, gender, income, ethnic background, education and occupation among others.
What is Demographics
300
A portion of all sales generated by all competing companies in a given market.
What is Market Share
400
Situations in which a change in price creates a change in demand
What is Elastic demand
400
A business that has stopped operating, with a loss to creditors, and one that no longer appears on the tax rolls.
What is Business failure
400
Decision making, Employment, Tax benefits, Ease of formation
What is Advantages of Sole proprietorship
400
The study of consumers based on social and psychological characteristics, including personality, values, opinions, benefits, motivations, attitudes, and lifestyle elements
What is Psychographic
400
Pricing technique in which odd-numbered prices are used to suggest bargains.
What is Odd Pricing
500
an article or substance that is manufactured or refined for sale
What is Products
500
A Business that is registered by a state and operates apart from its owners. it issues share of stock and lives on after the owners have sold their interest or passed away. Corporations can purchase goods and services, sue and be sued, and conduct all types of business transactions
What is Corporation
500
Liability, Taxes, Lack of “continuity”, Difficulty in raising capital
What is Disadvantage of Sole proprietorship
500
Info that is collected for the first time, is current and relates to the collector’s study.
What is Primary Market Data
500
Even numbered prices used to suggest higher quality.