an amount added to the cost price to determine the sale price.
What is a markup?
100
Special meetings where companies display their products.
What is a trade show?
200
The process of running a business of your own.
What is entrepreneurship?
200
a short written form of business communication that has a set format.
What is a memorandum or memo?
200
To convert this you move the decimal point two places to the left
What is converting a percent to a decimal?
200
A reduction in the retail or wholesale price of a discount or service.
What is a discount?
200
The level of output that an industry or company gets from each worker or each unit of input into its products and services.
What is productivity?
300
People who own, operate, and take the risk of a business venture.
What is an entrepreneur.
300
The most common form of business writing.
What is a business letter?
300
An amount that can be earned on money that is invested or paid on money that is borrowed.
What is interest
300
An amount deducted from the retail price to determine the sales price.
What is a markdown?
300
The basic economic problem when people have unlimited wants and limited resources.
What is scarcity?
400
An evaluation of your strengths and weaknesses.
What is a self-assessment?
400
A memo from one person in the company to another.
What is an interoffice memo?
400
The amount of money borrowed in a loan.
What is the principal?
400
The first step in the Problem-Solving Process.
What is "define the problem?"
400
When a single company controls all of a market.
What is a monopoly?
500
A business that sells "services" rather than products.
What is a service business?
500
Focus your attention on the person who is speaking, try to understand what the other person is saying, ask questions to make sure you understand, and take notes to confirm what you are hearing
What are ways to improve your listening skills?
500
The number of years you have to pay off your loan.
What is the term?
500
A creative group problem-solving technique that involves generating a large number of fresh ideas.
What is brainstorming?
500
Costs that must be paid regardless of how much of a good or service is produced?