Terminology
What customers pay and method of payment
What is Price?
Buildings where Mass Production occurs
What is a Factory?
Business owned by only one Person
What is a Sole Proprietorship?
This point in history is the name of when the world economy was at its lowest.
What is the Great Depression?
Person who would fight in the Colosseum.
What is a gladiator?
What is Profit?
Business that collects raw materials to sell
What is an Extractor?
Business that buys from manufacturers and sells directly to consumers
What is a Retailer?
Era in history known for agricultural societies transforming into more urban ones.
What is an Industrial Revolution?
Home of Big Tech's Headquarters
What is Silicon Valley?
Another word for money and other valuable assets needed to run a business
Capital
Standard of US Manufacturing, this production method creates identical products.
What is Mass Production?
Business owned and operated under written permission from the government it is located in
What is a Corporation?
Most early businesses were manned by of these skilled workers
What are Artisans?
First TV Station
What is WRGB?
Clearly identified group of consumers
What is a Target Market?
The changing of a form of material to be consumed or used to manufacture other products
What is Processing?
Firm that does things instead of making or marketing products
What is a Service Business?
Designer of the Modern Day Assembly Line
Who is Henry Ford?
First method of trade.
What is the barter system?
Act involving communicating with consumers to encourage purchases
What is Promotion?
The act of building a specific and unique product to meet the needs of one customer
What is Custom Manufacturing?
Business that promotes a product or person.
What is a Marketer?
Oldest Business according to History
What is The KongÅ Gumi Company?
World's shortest War, lasting only one hour