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Vocabulary
Vocabulary Words
10
Economics
12th Grade
10/08/2015

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Cards

Term
market
Definition
the world of commercial activity where goods and services are bought and sold
Term
R&D
Definition
Research and Development: Business or government activity that is purposely designed to stimulate invention and innovation
Term
downsizing
Definition
a planned reduction in the number of employees needed in a firm in order to reduce costs and make the business more efficient
Term
telecommunting
Definition
involved working at home usually on a computer
Term
management
Definition
those in charge of running a business
Term
headquarters
Definition
(usually plural) the office that serves as the administrative center of an enterprise
Term
outsourcing
Definition
contracting out selected functions or activities of an organization to other organizations that can do the work more cost efficiently
Term
profit
Definition
the amount of money left over after expenses are taken out
Term
marketing
Definition
the commercial processes involved in promoting and selling and distributing a product or service
Term
business
Definition
the activity of providing goods and services involving financial and commercial and industrial services
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