Economics
What is the best time for consumers to buy; characterized by large supply, small demand, and low prices?
What is Buyers Market
What involves getting the timing right to make products available to consumers?
What is Time Utility.
What is the end result of something a person intends to acquire, achieve, do, reach, or accomplish sometime in the near or distant future?
Who is a Goal
Potential events or situations that can cause injury or harm to people, property, or the environment.
What is Hazard
Making a product or providing a service.
What is Production.
The study of how to meet unlimited, competing wants with limited resources |
What is Economics
Making changes to a product’s location can create?
What is Place Utility
Specific objectives to be accomplished through financial planning
What is financial goals
A federal government agency that writes and enforces safety and health standards for businesses.
What is OSHA
The major ongoing activities of a business.
What is Operations.
An indication of how changes in price will affect changes in the amounts demanded and supplied.
What is Elasticity
What is a desire for something that may or may not be required?
What is a want
What enable's individuals to prepare for future success in the workplace?
What is education goals
Eligible persons can receive a percentage of social security by age 62, but the individual can receive full benefits at either age 65 or 67.
What is Social Security Retirement Benefit.
Resources provided by nature.
What is Natural Resources.
People who work to produce goods and services. |
What are Producers.
What is Lil Wayne's real name?
What is Dwayne Michael Carter, Jr
SMART Goals
What is specific, measurable, attainable, realistic and time bound.
An assembly process that makes a large number of identical products using a continuous efficient procedure.
What is Mass Production.
The form that a business fills out to order goods; may be the same as a purchase agreement or purchase contract.
What is a Purchasing Order.
The point at which the quantity of a good that buyers want to buy is equal to the quantity that sellers are willing to sell at a certain price.
What is Equilibrium Price
What is a condition resulting from the gap between unlimited wants for goods and services and limited resources?
What is scarcity.
This is an example of a _____ _____ _____.
Exe. By the end of the next academic year I would like to purchase my first car by saving $50 per month from my part time job.
What is a long term goal.
Federal law that sets the minimum wage, overtime pay, and age requirements for certain types of employees.
What is Fair Labor Standards Act
A series of sequential steps taken by purchasing specialists to buy goods and services for a business.
What is Purchasing Process