Marketing
This is the coordination of resources to reach an organization's goals.
What is management?
This is an economic and political philosophy where the government provides for the people and owns many of the industries that provide necessary goods and services.
What is socialism?
The owner of a franchise is known as a?
What is a franchisee
A budget is a plan to manage?
What is finances
This is known as a business that is owned by two or more people that are bound in a legal agreement.
What is a partnership?
This is a statement that lets the customers know what they can expect from a company's products/services.
What is a brand promise?
Economic term for limited resources
What is scarcity
The owner of the parent company that grants the rights to use their name and products is known as a?
What is a franchisor
The money spent to produce and purchase goods that are sold in the business is known as?
What is cost of goods sold?
This is a type of ownership where each partner has unlimited liaibilty.
What is a general partnership?
This is a belief that the customer is the most important priority of the business.
What is customer service mindset?
This refers to transportation, utilities, and communication services that are necessary for a country to have for distribution of goods and services.
What is an infrastructure?
This is total sales minus returns and allowances.
What is net sales?
These are resources that include, money, buildings, or equipment that is used to run a business.
What is capitol?
This includes all the resources of people that work.
What is labor?
A type of ownerships where each limited partner is only liable for debit up to the amlount they have invested in the business is known as a ?
What is limited partnership
This is a group or organization that serves the people in a given field.
What is a trade asssociation?
This is a tax election that the owner may take to run their earnings and profits through to shareholders as earnings.
What is a subchapter S Corp?
This is expenses that are always the same no matter how many units are produced.
What is fixed expenses?
This is a legal entity that is owned by several people (stockholders) that have limited liability.
What is corporation?
This is a field that combines marketing info managaement with customer service. The goal is to create relationships with customers through personal communications.
What is customer relationship management?
This is an econoic and political philosophy that is driven by the marketplace and competition, which only limited government involvement.
What is capitalism?
An introduction and overview of the information contained in a written plan.
What is an executive summary?
This refers to an individual's value as a stockholder within a company.
What is equity?
Also known as resources, it includes: land, labor, capital and entrepreneurship.
What is factors of production?