Vocabulary
All of the activities involved in developing and exchanging products.
What is business?
What is total revenue - total expenses?
What is profit?
The state of being responsible for something.
What is liable (liability)?
The primary goal of all businesses?
What is to earn profit?
Implementing appropriate business policies and practices with regard to arguably controversial subjects.
What is Business Ethics?
An individual or group who buys products
What is a customer?
What are the expenses needed to run and operate a business?
What is overhead?
A form of business organization defined as an association of two or more persons operating as co-workers?
What is partnership?
What are three different types of business?
What is subscription, product, service, insurance, etc
The beliefs, qualities, or standards that you consider important or desirable?
What is Values?
A person who starts a new business or purchases and existing business.
What is a entrepreneur?
A point in business when profits are equal to costs?
What is break even?
Individuals are free to make their own economic decisions.
What is a market economy?
What is the estimation in which a person is held based on their behavior?
What is reputation?
Group discussion to produce ideas or solve problems. Without criticism.
What is a brain storming?
What are the five things to consider when setting a price of a product or service?
What is costs, customers, positioning, competitors, and profit?
Business owned and operated by one individual.
What is sole proprietorship?
What is demand?
Is an ethical framework and suggests that an entity, be it an organization or individual, has an obligation to act for the benefit of society at large.
What is Social Responsibility
What is the net amount of cash and cash equivalents being transferred into and out of a business?
What is Cash Flow?
What type of business is taxed twice?
What is corporation?
The total amount of a specific good or service that is available to consumers?
What is Supply?
Name an ethical dilemma.
What is, what the teacher says is right.