Roles of Govt.
Utility
Business Cycle
Ethics
Types of Business
100
This economy regulates what goods are produced, what price they are, and how much people get paid
What is a Command Economy
100
Having Products conveniently placed so consumers can buy it
What is Place Utility
100
The lowest point of the Business cycle. At this point Demand is down, Production is down, unemployment is up.
What is Trough (Depression)
100
The government makes laws to prevent this among businesses and workers
What is Unethical Behavior
100
A business owned and run by one person. The owner takes all responsibility
What is Sole Proprietorship
200
Bait-and-Switch and Price Fixing are both examples of this
What is Fraud
300
Supply unable to meet demands, spending is high, and price is up.
What is the Peak
500
Economic growth is happening, demand and supply is up, more employees, interest rates are down
What is Expansion
500
This organization has a code of Ethics displayed on their website for marketers
What is the AMA (American Marketing Association)
500
This combines the aspect of a Sole proprietorship and a partnership, without as much overall respnsibility
What is a LLC
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