Business Vocab
This person buys goods or services for personal use rather than for resale.
What is a consumer?
This low‑risk investment vehicle stores your money at a bank and earns modest interest.
What is a savings account?
Failing to provide proper safety equipment or exposing workers to hazards is an example of this ethical issue.
What is unsafe working conditions?
This type of business ownership is the simplest form, owned and operated by one individual who assumes all risks and profits.
What is Sole Proprietorship?
This function transforms raw materials into finished goods or services.
What is production?
Farmers, factories, and software developers are all examples of this.
What are producers?
These stocks come from large, stable, and financially strong companies with long histories of success.
What are blue chip stocks?
Using someone else’s creative work without permission or proper credit is an example of this violation.
What is copyright infringement?
This business model allows individuals to operate under an established brand in exchange for fees and adherence to strict guidelines.
What is a franchise?
This business function focuses on identifying customer needs and persuading them to buy a product through promotion, pricing, and distribution.
What is marketing?
Labubus are an example of...
What is a fad?
This Canadian investment locks your money in for a set term in exchange for guaranteed interest.
What is GIC?
Secretly gathering competitors’ confidential information through illegal or unethical means is known as this.
What is espionage?
This organization type focuses on serving a mission rather than generating profit for owners or shareholders.
What is a non-profit?
This function manages money coming in and out of a business, including budgeting and forecasting.
What is finance?
This business provides raw materials or products to another company rather than to the public.
What is supplier?
When you buy one of these, you’re lending money to a government or corporation.
What are bonds?
Manipulating financial records to hide losses or inflate profits is an example of this unethical behavior.
What is unethical accounting practices?
This business is owned and operated by a group of individuals for their mutual benefit, often seen in agriculture or retail.
What is a co-operative?
Planning, organizing, leading, and controlling are the core activities of this business function.
What is management?
These goods are sold from one company to another rather than to individuals.
What is business to business goods?
This investment pools money from many people to buy a diversified mix of stocks, bonds, or other assets.
What is a mutual fund?
Mixing personal and business money in the same account is an example of this unethical practice.
What is commingling funds?
This type of business is legally separate from its owners and can sell shares to raise capital.
What is a corporation?
This function handles hiring, training, evaluating, and supporting employees.
What is human resources?