Show:
Chapter 1
Chapter 2
Chapter 3
Chapter 4
Chapter 5
100
Traditional economy, command economy, and market economy.
What are the three most common types of an economic system?
100
Producers, intermediaries, and service businesses.
What are types of businesses?
100
Description of the business, description of the competition, marketing plan, customer analysis, operation plan, and financial plan.
What are the key elements of a business plan?
100
Refers to business activities necessary to create, ship, and sell goods across national borders.
What is international business?
100
A person or business that buys or uses goods and services.
What is a consumer?
200
Needs are things required in order to live. Wants are things that aren't necessary for survival.
What are needs and wants?
200
Generate ideas, raise capital, buy goods and services, employ and train personnel, market goods and services, and maintain business records.
What are business activities?
200
Not keeping adequate records, not having enough start-up money, having a poor location, lacking management experience, not controlling business expenses or credit, and failing to have a business plan.
What are small business problems?
200
Goods and services the US companies sell to others.
What is exports
200
Develops performance and safety standards for household appliances.
What is AHAM?
300
Define the problem, identify choices, evaluate choices, choose one, act on your choice, and review your decision.
What is the decision making process?
300
Sole proprietorship, partnership, corporation, franchises, cooperatives, nonprofit corporation, joint ventures, and limited liability company.
What are forms of businesses?
300
Communication, confidence, cooperation, courage, dependability, honesty, initiative, intelligence, judgment, objectivity, stability, and understanding.
What are characteristics of effective business leaders?
300
Purely intangible, with no physical characteristics
What is intellectual property?
300
A rating given to food that indicates the quality of size of the product.
What is a grade?
400
Prosperity, recession, depression, and recovery.
What is the business cycle?
400
Product/service management, distribution, selling, marketing-information management, financial analysis, pricing, and promotion.
What are functions of marketing?
400
Self-understanding, understanding others, communicating, team building, and developing job satisfaction.
What are important basic human relations skills?
400
Revenue from taxes on real estate.
What is property taxes?
500
The relationship between the amount of a good or services that consumers are willing and able to buy and the price of the good or service.
What is demand?
500
Marketing strategy(target market and marketing mix), Marketing orientation, and marketing channel(channel of distribution).
What are marketing basics?
500
The amount of money paid to an employee for work performed.
What is compensation?
500
Rules about how businesses and their employees are expected to behave.
What is business ethics?