Flashcards
Basics of Business
Flashcards do conjunto (23)
- 1A stock of an asset from which an individual or place can be given with the essential sum of whatever is neededSupply
- 2Something that is in great need or want throughout a large amount of peopleDemand
- 3The point where the market supply and demand are equal and everything is balancedEquilibrium Point
- 4An exchange in which no physical products are exchanged from the dealer to the buyer (babysitting)Services
- 5What you have that is useful to you in achieving your goalResources
- 6Someone who produces goods and servicesProducer
- 7The buyerConsumer
- 8When there is a limiter amount of something making it rare or harder to getScarcity
- 9The way that society uses resources to produce goods and servicesEconomics
- 10The yearly total value of goods and services provided in a countryGDP
(Gross Domestic Product) - 11General rise in price of goods and services over a period of timeInflation
- 12General decrease in price of goods and services over a period of timeDeflation
- 13When prices exceed revenuesDeficit
- 14The excess supply once the demand has been hitSurplus
- 15The constant change in business activity in a countryBusiness Cycle
- 16Time of economic declineRecession
- 17Having the ability to function or operateOperational
- 18Actions to fulfill a certain rule or procedurePolicy
- 19The amount that is charged for taking out a loanInterest Rate
- 20An amount of money that is owedDebt
- 21Selling goods in bulk for resaleWholesaler
- 22Manufactured goods that are bought and soldMerchandise
- 23To make or produceManufacture
Informações
- Descrição
- Basics of business; need-to-knows 10th grade level Intro to Business
- Criado por
- Samantha Mendez
- Visualizações
- 18
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- Avaliação