Simply a place or process whereby buyers (customers) and sellers (businesses) meet to trade.
What is market?
100
It is when firms increase their expanding on capital.
What is investment?
100
Functions of this department can be summed up in the four P's (product, place, price, promotion)
What is marketing?
100
Is the classification of a business activity according to the stage of production that they are engaged in.
What are the business sectors?
100
Piston Cup
What is the name of the cup that the "lightning McQueen" won?
200
is a decision making organization involved in the process of using inputs to produce goods and / or to provide services.
What is a business?
200
To produce a good or to provide a service, resources must be used. They are three: land, labour, and capital.
What are factors of production?
200
This department is in charge of managing the organization's money.
What is finance?
200
Is the sector specialized in providing services to their customers.
What is the tertiary sector?
200
Character from the "Recess" cartoon with a physical similarity to Eusebio Tovar.
Who is Randal?
300
Is defined as the best alternative that is forgone when making a decision.
What is opportunity cost?
300
Refers to non-natural resources that are used in the production of other products. examples: buildings, vehicles, machinery.
What is capital?
300
This department is responsible in converting raw materials into finish goods.
What is production/operations?
300
Is the sector involved with the extraction, harvesting and conversion of natural resources.
What is the primary sector?
300
Is a study centre where Mr. López lives.
What is Monte Real?
400
Is the positive difference between a firm's total revenues and its total costs.
What is profit?
400
Is the physical and mental effort of people to produce a good or service.
What is labour?
400
Is the department in charge of managing the personnel of the organization.
What is Human Resources?
400
Is the sector involved in the manufacturing or construction of products.
What is the secondary sector?
400
Is the best friend of Winnie The Pooh, it's a pink pig.
Who is Piglet?
500
They include an incentive to produce a reward for risk takers, encourages invention and innovation, acts as an indicator of growth and is a source of finance.
Which are the main functions of profit? (answers may vary)
500
For land, it's rent; for labour, it's wages; for capital, it's interests.
Which is the return for each factor of production? (answer might not be completely specific)
500
Human Resources, Finance, Production, marketing.
Which are the four main functional areas (business functions)?
500
When a country moves away from primary production towards manufacturing as its principal sector.
What is industrialization?
500
Is the rich character in the cartoon "Fairly Odd Parents".