Economic Principles
the Essential Vs. Non-essential goods/services
what is needs vs. wants?
the encouraging of people to join a trend.
What is bandwagon?
the money earned from sales.
What is revenue?
the business is owned by one person.
What is sole proprietorship?
the form used to apply for a job.
What is job application?
the raw materials from nature used in production
What is natural resources?
the discounts, coupons, contests to boost sales
What is Public relations?
the report showing revenue, expenses, and net income.
What is income statement?
the guidelines for right and wrong behavior in business.
What is ethics?
the dedication and responsibility in a job.
What is work ethic?
the limited resources versus unlimited wants
What is scarcity?
the presenting biased or one-sided information.
What is card stacking?
the snapshot of a company's financial postion.
What is balance sheet?
the creations of the mind that are legally protected.
What is intellectual property?
the effective ways to answer job questions.
What is interviewing skills?
the comparing of costs and benefits before making a decision.
What is cost-benefit analysis?
the creating of a unique identity for a product or company.
What is branding?
the resources owned by a business
What is assets?
the business that operates under an existing brand.
What is franchise?
the communication and teamwork abilites.
What is interpersonal skills?
the assets used for production, such as money, buildings, and equipment.
What is capital?
the demographic, psychographic, geographic, and behavioral.
What is marketing segmentation?
the owner's financial interest in the company.
What is owner's equity?
the hybrid of a corporation and partnership.
What is limited liability company(llc)?
the technique for answering behavioral interview questions.
What is STAR method?