Business Terms
A medium of exchange
What is money?
Exchanging of goods and services without money
What is barter?
Operate to make a profit
What is a business?
Plastic card issued by a bank with interest fee
What is a Credit Card?
Can be split into different sections
What is divisibility?
Written order requiring payment to a named payee
What is Bills of Exchange?
Sharing tasks into parts
What is specialization?
Commercial transaction conducted electronically on the internet.
What is E- Commerce?
Facilitator of the price mechanism.
What is the function of a business?
Revenue subtract expenses.
What is profit?