Show:
Vocabulary
Situations
Starting a Business
Miscellaneous
Special
100
machines and tools used to producer other goods
What is capital resources?
100
Mary works the counter, Jacob makes the smoothies, and Sarah cuts the fruit
What is division of labor?
100
You have an idea, obtain an investor and start a business. You are..........
What is an entrepreneur?
100
Water, trees, and land
What are natural resources?
100
A family made candy to get money to buy goods they needed
What is interdependence?
200
organizing and managing any business
What is entrepreneurship?
200
There are 12 baseball players ordering Dairy Queen cones and only 10 cones left.
What is productive capacity?
200
Before you start a business, you have to have ........
What is an idea?
200
hammer, saw and ladder
What is capital resources?
200
You can teach your dog to do a trick
What is specialization?
300
production process that includes a group of workers with a specific job
What is division of labor?
300
Julie ate 4 bags of M&M's and now has a belly ache
What is consumption?
300
Three factors of Productive Resources
What are natural, capital and human resources?
300
A women knits a blanket
What is specialization?
300
Activities that people do for others
What is a service?
400
maximum possible outcome
What is productive capacity?
400
Maura wants to start her own business but needs money
What is an investor?
400
Revenue - business expenses = _____________
What is profit?
400
there aren't enough lemons for lemonade.
What is scarcity?
400
You spend your weekly allowance to buy a CD instead of going to the movies
What is opportunity costs?
500
the using up of goods and services
What is consumption?
500
Tell your friends and family about your business to get more customers
What is advertising?
500
left over items
What is surplus?
500
The United states needs Columbia for coffee
What is interdependence?
500
make or supply goods and services
What is a producer?