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Economy
Money
Business
Manufacturer
Producer
100
The movement of the economy between good and bad times over many years.
What is the business cycle?
100
Preparing information to be communcated to others.
What is encoding?
100
Route a product follows when it is moved from producer to the final consumer.
What is the channel of distribution?
100
A person who purchaes a good or service for his or her personal use.
What is a final consumer?
100
Services are ________, which means they have no physical form.
What is intangible?
200
The amount added to the cost of a product to set the selling price.
What is markup?
200
Most nations in the world have this kind of econmy.
What is a mixed economy?
200
A nation's transportation, communication and utility systems make up this.
What is infrastructure?
200
Making, buying and selling goods within a country.
What is domestic business?
200
Government bureau charged with monitoring and enforcing laws regarding protection of the environment.
What is the Environmental Protection Agency (EPA)?
300
Businesses involve in selling the goods and services of other businesses to consumers.
What are Intermediaries?
300
Takes place when you give up something to have something else?
What is a tradeoff?
300
Includes toold and equipment used to produce goods and services.
What are Capital Resources?
300
The most watched measure of inflation.
What is the Consumer Price Index (CPI)?
300
A written legal document that defines ownership and operating procedures and conditions for a business.
What are the Articles of Incorporation?
400
Made up of the products or raw materials that a business has on hand.
What is inventory?
400
The percentage of new businesses in the US that have no employees other than the owner.
What is 40%?
400
All people above 16 who are actively working or seeking work.
What is the labor force?
400
The first step in new product planning.
What is idea development?
400
A short specific written declaration of the reason a business exists and what it wants to achieve.
What is their Mission Statement?
500
One who has no explicit or implicit contract for long-term employment.
What is a contingent worker?
500
Gives an inventor the sole right to make, use, or sell his/her invention for 17 years.
What is a patent?
500
Money provided by large investors to finance new products or businesses that have a good chance to be profitable.
What is Venture Capital?
500
Refers to the quantity of a good or service that a businesses are willing and able to offer for sale.
What is supply?
500
Direct, individual communication with prospectve customers.
What is personal selling?