People that create their own business are classified as this
What is Entrepreneur
100
Sam's Club is an example of this
What is a wholesaler
100
Your Hair Salon is classified as
What is a Service Business
200
Occurs when an organization produces needed goods or services quickly at low cost
What is Efficiency
200
The human effort, either physical or mental, that goes into the production of goods and services
What is Labor
200
Wal-Mart and KMart are examples of business ____
What is competition
200
This is the reason for the iPhone selling out quickly
What is high demand or low supply
200
The Ford production plant is
What is Manufacturing Buiness
300
Products produced for sale to individuals and families for person use
What is Consumer goods
300
Cutting back on the goods and services provided and, thereby, shrinking the size of a firm and the number of employees
What is Downsize
300
Deals with all money matters related to running a business
What is Finance
300
The duty of a business to contribute to the well-being of society
What is Social responsibility
300
A person who starts, manages, and owns a business
What is Entrepreneur
400
The quantity or amount produced within a given time
What is Output
400
Business that provide assistance to satisfy specialized needs through skilled workers
What is Service business
400
An invisible barrier to job advancement
What is Glass ceiling
400
Income that escapes being recorded in the GDP
What is Underground economy
400
A business that sells directly to final customers
What is Retailer
500
The body of knowledge that relates to producing and using goods and services that satisfy human wants
What is Economics
500
The ability of a good or service to satisfy a want
What is Utility
500
An economic system in which a combination of a market and a command economy is blended together to make decisions about what, how, and for whom goods and services are produced
What is Mixed economy
500
The percentage of the labor force either employed or actively seeking employment
What is Labor participation rate
500
Buildings tools machines and other equipment that are used to produce other goods but do not directly satisfy human wants