Term
|
Definition
| Encourages individuals to start and operate their own businesses in a competitive system |
|
|
Term
|
Definition
| Word, name, symbol, sound or color that identifies a good or service that cannot be used by anyone but the owner |
|
|
Term
|
Definition
| Involves anything that is authored by an individual such as writings |
|
|
Term
|
Definition
| Gaining customers from another company |
|
|
Term
|
Definition
| Focuses on the sale price of a production with assumption everything is equal, customers want lower prices |
|
|
Term
|
Definition
| Businesses that choose to compete on the basis of factors that are not related to price |
|
|
Term
|
Definition
| Exclusive control over a product or the means of producing it |
|
|
Term
|
Definition
| The potential for loss of failure |
|
|
Term
|
Definition
| The money earned from conducting business after all cost and expenses have been paid |
|
|
Term
|
Definition
| The amount of goods producers are willing to make and sell |
|
|
Term
|
Definition
| The customers willingness and ability to buy products |
|
|
Term
|
Definition
| A business that sells its products only in its own country |
|
|
Term
|
Definition
| A business that sells its products in more than one country |
|
|
Term
|
Definition
| Seeks to make a profit from its operations |
|
|
Term
|
Definition
| Functions like a business but uses the money to fund the cause indentified |
|
|
Term
|
Definition
| Local, federal and government run agencies and services |
|
|
Term
|
Definition
| Businesses that are not associated with the government |
|
|
Term
|
Definition
| Consists of a group of establishments primarily engaged in producing or handling the same product,group of products or services |
|
|
Term
|
Definition
| The demand for industrial goods based on the demand for consumer goods and services |
|
|
Term
|
Definition
| Obtain goods from manufacturers and resells them to industrial users, other wholesalers and retailers |
|
|
Term
|
Definition
| Buys goods from wholesalers or directly from manufacturers and resells them to the customer |
|
|
Term
|
Definition
| The process of creating, manufacturing, or improving on goods and services |
|
|
Term
|
Definition
| The process of achieving company goals by effective use of resources |
|
|
Term
|
Definition
| The function of business that involves money management |
|
|
Term
|
Definition
| The discipline that keeps track of the company's financial situation |
|
|
