A good or service that is produced domestically and sold internationally.
What is an export?
100
Little to no marketing is necessary when you own one of these.
What is a franchise?
100
Money received through goods sold and donations is considered this.
What is revenue?
100
Equilibrium price is determined by which two factors?
What is supply and demand?
100
Many companies go above and beyond what they are legally required to for this reason...
What are business ethics?
200
A trade deficit occurs when a surplus of these are brought into the country.
What is an import?
200
A franchise typically has a preexisting loyal customer base due to this...
What is brand equity?
200
The cost of selling goods, research, development and salaries are all considered this.
What is an expense?
200
Being able to have independence, lower costs, more flexibly, precise focus, and enviable reputation are all examples of what?
What are the advantages of small business ownership?
200
Analytical, conceptual, technical, human relations and leadership skills are all important in relation to which aspect of human resources?
What is training and professional development?
300
The discount rate and inflation are tools available to the Federal Reserve through this...
What is monetary policy?
300
When new product is being developed the group of people that determine the place, product, price and promotion are called what?
What is target market?
300
A "snapshot" of a companies overall financial health is another name for this.
What is a balance sheet?
300
Sole liability, large amount of stress, high failure rate, lack of funds, inexperience and inability to grow are all factors relating to what?
What are disadvantages of owning a small business?
300
Salary, wages, insurance plans, paid time off, child and 401 K are all a part of this...
What are compensation packages?
400
This based on the theory that proactive actions of the government are the only way to steer the economy.
What is fiscal policy?
400
When developing a marketing strategy these are taken into consideration...
What are product, price, place and promotion?
400
The organization of a firms profitability over time is typically displayed in this format.
What is an income statement?
400
Part of the main function of the structure of a B corporation is this...
What is corporate and social responsibility?
400
Managers are necessary for multiple reasons and even though some have more responsibility than others they all perform these different functions in some capacity.
What is planning, organizing, staffing, directing and controlling?