Show:
What is Business?
Supply and Demand
Making decisions
Types of Business
Misc.
100
Something you desire to have
Want
100
According to the Law of Demand, when Price goes up, Demand.....
Goes down
100

This used by businesses to help ensure good decisions are made..


What is the decision making model

100
When one owner makes all of the decisions, the business is called a
Sole Proprietorship
100

Subway is an example of which type of business ownership?

Franchise

200
Something you must have in order to survive
Needs
200
How much producers are willing to make of a product at a given price
Supply
200

This step in the model needs you to "be specific" and figure out the issue ... 

What is Define the decision

200
In this type of business, two or more owners make all decisions
Partnership
200

This level of Maslow's Hierarchy of needs caters to our need for friends, relationships, family and community 

What is Social needs

300

an organization that produces or sells goods or services to satisfy the wants or needs of consumers for a profit

What is a business

300

When there is more supply than demand

What is surplus

300

This step you must some thing like a pros and cons list of your options... 

What is evaluate the alternatives


300
Shares of ownership in a corporation are known as
Stock
300

Finish the equation, Profit = ...

What is Revenues - expenses

400

An organization operates strictly to help people in a community.

What is a non profit or not for profit business

400

When there is more demand than supply

What is Deficit

400

This step of the model requires you to take action and get it done!

What is Make a decision and take action..

400

This type of business changes natural materials from their original into more finished forms

What is manufacturer 

400
The point where demand is equal to supply 

What is the equilibrium

500
Things you buy to satisfy you that you CANNOT touch or measure
Services
500

A change in consumers taste is a factor that affects...

What is demand

500

In this step of the model you must be imaginative and open-minded; do not evaluate your options yet...

What is identity the alternatives

500

This type of business sells goods in bulk, usually to retailers

What is Wholesalers

500

When a company is responsible ONLY for its own debts, it is considered to have ____________ Liability

What is limited liability