Business 1
who is the biggest sportswear manufacturer?
What is Nike
What percentage of new business fail during the first two years?
what is 20%
Who owns tesla?
what is Elon Musk
Rivalry among businesses.
What is competition
A good or service with tangible and intangible characteristics that provides satisfaction and benefits.
What is a product
Two companies combining to form a new company.
What is a merger
What percentage of new business fail during the first five years ?
what is 45%
Being able to interact in the workplace.
what is communication
The funds used to acquire the natural and human resources needed to provide products.
What is capital
The process of dealing with or controlling things or people
What is management
A person who organizes and manages any enterprise, usually with considerable initiative and risk.
What is a entrepreneur
The act of exposing an employer's wrongdoing to outsiders.
What is whistleblowing
Businesses owned and operated by one individual.
What is sole proprietorship?
The sale of goods and services to foreign markets
What is exporting
A monopoly that exists when a country is the only source of an item.
What is absolute advantage?
A written description of a new business venture that describes all aspects of the business.
What is a business plan
An economic system in which the government owns and operates basic industries but individuals own most businesses.
What is socialism
The basis of most international trade, when a country specializes in products that it can supply more efficiently or at a lower cost.
What is comparative advantage
Formalized rules and standards that describe what a company expects of its employees.
What is the company's code of ethics
The difference in value between a nation's imports and exports.
What is balance of trade?
What is the biggest company in the world?
what is Apple
what is the most profitable business in America?
What is Apple Again
the total amount of money being transferred into and out of a business
What is cash flow
What is the second biggest company in the world
what is Microsoft
Tax levied by a nation on goods imported into the country.
What is import tariff