FINANCE
Commercial and Central
What are the two types of banks?
This is a legally binding agreement between two or more persons that is enforceable by law.
What is a contract?
The management process which consists of all the activities of identifying and anticipating the needs of the consumer with the aim of satisfying those requirements.
What is Marketing?
Land, Labour, Capitl, Entrepreneurship
What are the Factors of Production?
An individual who combines all the other factors of production
What is an Entrepreneur?
This is money is usually held by a bank or credit union on which interest is earned.
What is savings?
In the eyes of the law the parties must be able to bind themselves to a contract. E.g not be insane or underage.
What is Capacity of Parties?
Product, Price, Place, Promotion
What are the 4 Ps of Marketing?
This is the rate at which goods are produced.
What is Productivity?
Bringing together all the aspects of the production process and ensuring that everything is in place at the right time so that operations can run smoothly.
What is Organizing?
The value of the shares can increase or decrease, depending on the profitability of the company.
What is investments?
This is a court judgment requesting parties to abide by a certain obligation.
What is a Contract of Record?
This is a promotional tool used to present products in a way that will attract and draw customers to buy.
What is Merchandising?
This usually occurs when people are in search of betters jobs, educational opportunities, better standard of living etc.
What is Migration?
Their job is to come up with new and innovative products and services before the competition to gain market share.
What is Research and Development?
This is the market place where buyers and sellers of securities can meet to buy and sell.
What is the Stock Exchange?
This is the summary of all bills of lading and cargo on board the ship.
What is the Manifest?
Consumers have the access to the following options when purchasing products and services.
What are Terms of Sale?
Industries which are dependent on another’s output to produce goods and services. E.g. the rum distillery is dependant on the sugar industry.
What are Linkages?
This is information gathering from what has already been compiled and documented by others.
What is Secondary Research?
This is the market place where buyers and sellers of securities can meet to buy and sell.
What is the Stock Exchange
This is the summary of all bills of lading and cargo on board the ship.
What is The Manifest?
This involves the efforts made by organized groups to protect people’s interest as buyers of goods and services.
What is Consumerism?
Industries which are dependent on another’s output to produce goods and services. E.g. the rum distillery is dependant on the sugar industry.
What are Linkages?
This refers to anything that may be used as a form of security, to safeguard against possible default on payment of what is owed.
What is Collateral?