Show:
Economic
Types
Economic Utility
Business
Management
Swirl of Random
100
Market/Mixed Economy Traditional/Mixed economy Command/Mixed economy
What is types of Economy
100
Created when ownership of a good or service is transferred from one person to another, but may also occur through renting or borrowing.
What is possession utility.
100
Modest to runaway inflation , Growth reaches its highest level as do profit and employment.
What is peak
100
Lowest level of management, handles the day to day operations.
what is Supervisory Management?
100
The amount of a commodity, product, or service available and the desire of buyers for it, considered as factors regulating its price.
What is supply and demand
200
Measures the total goods and service produced. The report is released. Quarterly by the commerce department.
What is Gross domestic product
200
Created by changes in the form or shape of a product to make it useful, applies to goods not services
What is farm utility
200
Recession or depression, lowest point in cycle with increased employment.
What is Trough
200
Not involved in company's day to day problems. Establish goals or insectivores of the business.
What is senior management
200
Measures growth in personal income and consumer spending. Released monthly by the commerce department
What is Personal income Consumption
300
Measures at the retail level. Release monthly by the department.
What is consumer price index
300
Created when a product or service is available when it's needed or wanted.
what is time utility
300
Natural resources-raw materials Human resources Capital resources
What is business resources?
300
Manager Process
What is planning, organizing , staffing ,leading , controlling.
300
Natural Capital Entrepreneurship/Business Human/labor
What is factors of production
400
What to produce? How to produce? Who to produce it for?
What is 3 Economic Questions.
400
Created by having a good or services at the place where it is needed or wanted
What is place utility.
400
Low inflation , modest rise in GDP, profit and employment.
What is Expansion
400
Levels to Management?
What is Top/senior management, Middle management Supervisory management
400
Measures consumer spending. Released monthly by the commerce department.
what is Retail sales
500
Gross Domestic Product Consumer price index Employment Retail sales Personal Income Consumption
What is how to measure Economic Growth?
500
How does business satisfy wants of goods and services?
What is farm utility, place utility, time utility , possession utility.
500
Expansion, peek, trough, contraction
What is business cycle
500
process of deciding how best to use a business resources to produce goods or provide services effectively and efficiently.
What is Management
500
-Setting prices -Quantity of production -Competition -Income distribution -Builds and eliminates industries -How resources are used
What is supply and demand is responsibilities.