Business 1
What is the term that describes the flow of goods, services, and information from the supplier to the end consumer?
What is a supply chain?
This company revolutionized the smartphone market with the release of the iPhone in 2007.
What is Apple?
A good or service that can be bought or sold.
What is a product?
The money a business receives as payment for its products.
What is Revenue?
This business model is based on licensing a brand, products, or business methods to independent operators, allowing for rapid expansion.
What is franchising?
Actual and potential customers whose needs and wants a business wishes to satisfy.
What is the Target Market?
This type of business is owned and operated by one person, often with minimal startup costs and flexibility.
What is a "sole proprietorship"?
This financial statement shows a company’s revenues and expenses over a specific period.
What is an income statement?
Any group or individual who has an interest in or is affected by the activities of a business.
What is a stakeholder?
The buying and selling of information and products via the internet.
What is E-commerce?
The world's largest and most trusted equities exchange
What is the New York Stock Exchange
The value of all assets, minus the total of all liabilities.
What is net worth?
A business that employs fewer than five people (including the owner).
What is a Micro Business?
Complete concentration by one firm in the industry, e.g. Australia Post.
What is a monopoly?
A tax that does not change.
What is a flat tax?