Business & Economic Basics 1
Business & Economic Basics 2
Business Organizations & Entrepreneurship 1
Business Organizations & Entrepreneurship 2
Marketing & Advertising 1
Marketing & Advertising 2
Technology in Business
100

________ is the activity of making profit by producing and selling consumers goods and services in exchange for money.

Business

100

________ products created by businesses that you can physically touch and see.

Goods

100

_______ being legally responsible for something.

Liability

100

______ is a business that seeks to make profit.

Profit Business

100

A group of people identified as those most likely to become customers that have similar wants and needs.

Target Market

100

The public promotion of something such as a product, service, business, or event, to attract or increase interest.

Advertising

100

A device, machine, tool, or technique that is created by humans, to help enhance our everyday lives.

Technology

200

_________ the money businesses get to keep after paying off expenses. Profits are a measure of the value it creates in society.

Profit

200

_________ work that businesses perform for consumers. 

Services

200

__________ is an organization created whose purpose is something other than making a profit.

Non Profit Business

200

A business that was created for expanding an original business, but opening in a new location, and where you are required to sell goods and services a certain way.

Franchise

200

Measurable characteristics that describe a population by age, gender, income, ethnic background, education, and occupation.

Demographics

200

A group of people or companies who have a demand for a product or service and are willing and able to buy it.

Market

200

________ of technology tools is not just needed, but expected, in order to enhance your academic, business, and personal performance.

Proficiency

300

_________ to help people improve their lives by providing goods and services they value more highly than their other options.

Role of a Business

300

________ is the contest between businesses to win over consumers.

Competition

300

A government agency that helps small business owners with resources to help them start up and run their business.

Small Business Administration

300

_________ a business owned by two or more people and they share the profit.

Partnership

300

the collection and analysis of information aimed at understanding the behavior of consumers in a certain market.

Market Research

300

_________ the 4 strategies used to reach a target market: product, place, price and promotion.

Marketing Mix

300

Something tangible (physical) that is associated with a computer.

Hardware

400

___________ an individual who buys goods and services from businesses.

Consumer

400

__________ the study of how individuals behave when it comes to satisfying their unlimited wants and needs with limited resources.

Economics

400

Someone who starts up their own business and takes on all the risks and rewards. Entrepreneurs are the decision maker and they decide what, how, and how much of a good or service will be produced.

Entrepreneur

400

A business form consisting of one or more persons and this type of business helps protect owners personal assets.

Limited Liability Company, LLC

400

A researched plan used by a business to shape its product, place, price and promotion to reach its target market.

Marketing Plan

400

The process of getting goods and services to customers is called __________.

Distribution
400

A type of business where you can sell goods or services using the internet or where you transmit money and information electronically.

E-commerce

500

Items that people can use to make or obtain what they need and want are _________.

Resources

500

What are the three resources?

Money, Labor, and Materials

500

The process of recognizing a business opportunity, starting the business based on the recognized opportunity, and operating and maintaining that business.

Entrepreneurship

500

A business that is owned by many people who are also stakeholders.

Corporation

500

Getting the money that is necessary for setting up and running a business is called _________.

Financing

500

Deciding how much to charge for a product or service so that a business can make a profit is called ________.

Pricing

500

A place where you can store/use things on internet servers instead of your computer's hard drive.

The Cloud

600

___________ to sell you goods and services in order to try and add value to society.

Motive of Business
600

__________ the activity of producing and selling of goods or services and making them available to all consumers.

Economic Activity
600

Acting in ways consistent with what society and individuals typically think are good values.

Ethical Behavior

600

The quality of being honest and having strong moral principles; moral uprightness.

Integrity

600

Any effort to inform, persuade, or remind potential customers about a business's products or services is part of the ________ function.

Promotion

600

The ___________ point is the point at which total revenues, or sales, equal total costs and expenses of developing and offering a product.

Break Even

600

The design, study, and development of computer-based information systems.

Informative Technology

700

What do businesses try to fulfill for consumers?

Their wants and needs.

700

What is our biggest economic problem in society?

Limited Resources

700

A business owned by one person.

Sole Proprietorship

700

Someone who is hired to work for someone.

Employee

700

A prototype is a ____________ of the actual product.

Model

700

A medium is a _________ or system of communication.

Channel

700

The programs and operating systems that are installed on devices.

Software

800

Not being able to satisfy all of your wants and needs because resources are scarce.

Limited Resources

800

Slogan, Repetition, Expert Opinion, Bandwagon, Testimonial, Appeals to Emotion, Expert Opinion

Persuasive Techniques
800

This is the first step of product development _______.

Generate Ideas

800

Communication/Connectivity, Basic information processing, organization, decision making & production, job creation, etc.

Advantages of Technology

900

This is the last step of product development.

Evaluating Customer Acceptance

900

There are ______ functions of marketing.

Seven

900

Privacy concerns, elimination of jobs, expensive software, work overload, plagiarism and copyright issues, complexity, etc.

Disadvantages of Technology