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Types of Businesses
Stock Market
Supply and Demand
Market Structures
Miscellaneous
100
This type of business is owned by one person.
What is sole proprietorship?
100
This is what a market is called when the economy is doing well.
What is a bull market?
100

More will be demanded at lower prices and less at higher prices; an inverse relationship between price and quantity

What is Law of Demand?

100

Market structure defined by very large numbers of buyers/sellers, identical products, and freedom of entry/exit.

What is pure competition?

100

The joining of two firms involved in different stages of manufacturing and marketing a product.

What is a vertical merger?

200
These are the owners of a corporation.
What are the stockholders?
200
This is the type of market there would be during a recession.
What is a bear market?
200

Products that increase the use of other products.

What are complements?

200

Market structure in which a few large sellers dominate and have the ability to affect prices in the industry.

What is an oligopoly?

200

The joining of firms that make the same product.

What is horizontal merger?

300
This type of business is owned by two or more people.
What is partnership?
300
The definition of stock
What is ownership in a publicly traded company?
300

The amount of a product that would be produced, grown, or acquired and offered for sale at all possible prices that could prevail in the market.

What is supply?

300

A market structure in which a firm has a monopoly because of its location or the small size of the market.

What is a geographic monopoly?

300

A government payment that supports a business or market and causes supply to increase.

What is a subsidy?

400
Which type of business has the benefit of having limited liability?
What is corporation?
400

The two types of stock.

What are dividend differences and decision-making differences?

400

A state of equality or balance between market demand and supply.

What is equilibrium?

400

The practice of charging different customers different prices for the same product. (usually illegal)

What is price discrimination?

400

When quantity demanded is greater than quantity supplied.

What is a shortage?

500
This type of business has the hardest time raising money/capital for itself.
What is sole proprietorship?
500
The two ways to make money on the stock market.
What are sell when stock prices go up and dividend payouts?
500

When demand is extremely responsive to price change.

What is elastic demand?

500

The exclusive right of authors or artists to publish, sell, or reproduce their work for their lifetime plus 70 years.

What is copyright?

500

The minimum legal price that a seller may charge.

What is a price floor?