The Economy
This part of the economy is owned and run by the government. Teachers and police officers work here. 2 words, P____ S_____
What is the Public sector?
This business is owned and run by its members or employees, who share the profits equally. Starts with C
What is a Cooperative?
To give a task or responsibility to another person, like an assistant or a person below you in a company. Starts with D
What is to Delegate?
Moral principles that guide right and wrong behavior in business. Starts with E
What are Ethics?
A large quantity of something, which often saves money when buying. Starrts with B
What is Bulk?
This economic system relies on supply and demand, with no government interference in prices. Think street food market. 2 words, F___ M______
What is a Free market?
This is a business owned by individuals or companies, not the government. 2 words, P____ S______
What is the Private sector?
This is the reason behind doing something, like helping local farmers. Starts with M
What is a Motive?
A person with a long-term physical or mental condition that affects daily life. 2 words, also known as handicap
What is a disabled person?
To be the only one; the single owner of a company. Starts with S
What is Sole?
This is a combination of both free markets and government control, common in Thailand's tourism sector. M____ E______
What is a Mixed economy?
This business model allows you to buy the right to use another company's brand and sell it's products. Starts with F
What is a Franchise?
This refers to something that is more important than other things and needs attention first, like customer satisfaction. Starts with P
What is a Priority?
This describes dishonest or illegal behavior, especially by people in power. Starts with C
What is corrupt?
A likelihood or pattern of behaving in a certain way, like sales increasing during holidays. Starts with T
What is a Tendency?
This term describes the cost advantage gained when producing goods in larger quantities. Think Makro. 3 words E_____ O_ S____
What are Economies of scale?
This is a business agreement where two or more parties share the money, risk, and profits of a project. J_____ V_______
What is to Rely?
This means to depend on someone or something for support, like small businesses do with local customers. Starts with R
What is to Rely?
Being willing to work together to achieve a common goal. Starts with C
What is cooperative?
To happen at the same time or be in agreement, like a sale and a holiday. Starts with C
What is to Coincide?
In this economic system, the government makes all decisions about production and prices. For example,North Korea. 2 words, C____ E_____
What is a Command economy?
This type of business aims to solve social or environmental problems rather than just making a profit. S_____ E___________
What is a Social Enterprise?
To use something unfairly for your own advantage, or to use something fully. Starts with E
What is to Exploit?
Lying to customers is an example of this kind of behavior. Starts with U
What is unethical?
Kept secret or restricted to certain people for security reasons. Starts with C
What is Classified?