Term
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Definition
| A business that sells its products only in its own country is considered a Domestic Business. |
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Term
Chapter 5.2
Global Business |
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Definition
| sells its products in more than one country. |
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Term
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Definition
| Seeks to make a profit from its operations. |
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Term
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Definition
| functions like a business but uses the money it makes to fund the cause identified in its chapter. |
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Term
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Definition
| Government-financed agencies like these are part of the Public Sector. |
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Term
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Definition
| Businesses not associated with government agencies are part of the the Private Sector. |
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Term
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Definition
| According to the U.S. Department of labor, an Industry consists of a group of establishments primarily engaged in producing or handling the same product or group of products or in rendering the same services. |
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Term
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Definition
| In the industrial market is based on, or derived from, for consumer goods and service. |
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Term
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Definition
| Obtain goods from manufactures and resell them to industrial users, other wholesalers, and retailers. |
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Term
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Definition
| Buy goods from wholesalers or directly from manufactures and resell them to the consumer. |
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Term
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Definition
| The process of creating, manufacturing, or improving on goods and services is called production. |
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Term
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Definition
| Is the process of achieving company goals by effective use of resources through planning, organizing, and controlling. |
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Term
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Definition
| Is the function of business that involves money management. |
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Term
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Definition
| Is the discipline that keeps track of a company's financial situation. |
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