Marketing
This 'P' in the marketing mix refers to where a product is sold and how it gets to the customer.
What is Place?
This term describes a general decline in prices for goods and services, often associated with reduced spending.
What is deflation?
This financial statement provides a snapshot of a company's financial position by listing assets, liabilities, and owner's equity at a specific point in time.
This financial instrument represents a loan made by an investor to a borrower, typically corporate or governmental.
What is a bond?
This term refers to a word that is the same forwards and backwards, like "racecar."
What is a palindrome?
This term refers to a group of customers within a business's serviceable available market at which a business aims its marketing efforts and resources.
What is a target market?
This economic system is characterized by private ownership and the goal of making a profit.
What is capitalism?
This fundamental accounting equation states that Assets equal Liabilities plus this.
What is Owner's Equity (or Shareholders' Equity)?
This term describes the reduction in the value of an asset over time due to wear and tear.
What is depreciation?
Known as the "Sunshine State," this U.S. state is famous for its beaches and oranges.
What is Florida?
The four Ps of marketing are Product, Price, Place, and this.
What is Promotion?
The situation where market supply and demand balance each other, and prices become stable.
What is equilibrium?
These short-term assets include cash and items that can be converted into cash within one year, such as inventory and receivables.
What are Current Assets?
The practice of spreading investments across various financial assets to reduce risk.
What is diversification?
The process of hiring, training, and managing employees is known as this.
What is human resources?
The process of dividing a broad consumer or business market into sub-groups based on shared characteristics.
What is market segmentation?
This fundamental economic concept describes the limited nature of society's resources.
What is scarcity?
This financial statement shows a company's income and expenditures over a period of time.
What is an income statement?
This is a retirement savings plan sponsored by an employer, allowing employees to save and invest a portion of their paycheck before taxes.
What is a 401(k) plan?
The process by which water vapor turns into liquid water, forming clouds.
What is condensation?
This marketing term refers to the degree of brand recognition and strength among customers, often seen as a company's intangible asset.
What is brand equity?
This type of economics involves letting the economy fix itself in the long term.
What is classical economics?
The accounting method that records revenues and expenses when they are incurred, not necessarily when cash changes hands.
What is Accrual Accounting?
This is the fee charged by a broker or investment advisor for buying or selling securities on your behalf.
What is a commission?
In computing, the acronym RAM stands for this.
What is Random Access Memory?