buisness Vocab
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| advertisement | the method by wich buisnesses make their product known to the consumers, provides info about the goods or services the producer or distributor wishes to be known
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| balance | the amount of money in ones bank account
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| barter | the direct trade of services or goods between people without the use of money
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| buisness | a basic economic unit; takes part in the buying of and hiring of resources to produce a product with the intention of making a profit for the owner(s)
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| choice | someting one must make when facing 2 alternitive uses for a resource
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| compare | to examine for similarities and differances.
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| conservation | the wise use of natural resources
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| consumers | people or buisnesses whos needs and wants are satisfied by using goods or services. those who buy and make final use of the goods or services
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| criteria | standards used in making a decision
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| demographics | statistical characteristics of a population such as age, income, gender, ecct.
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| distribution | the part of the productive process when the goods are tranported to a geographical point where it can be used to satisfy the wants and needs of the consumers.
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| economic systems | the way a society organizes the production, consumption, and distribution of goods and services
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| entreprenouer | one who organizes and manages recources- including labor- to produce goods or services and assumes the risk of a buisness for the sake of a possible profit
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| goods | objects that can be touched or held to satisfy peoples wants
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| import | buying from another country
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| installment | required payments of equal amounts, every month until the loan is paid in full
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| inventory | the supply of a product or products that the buisness has "on hand"
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| loss | the negative difference between the cost and sales price
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| merchandise | the goods that someone wants to sell
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| mint | the facility where coins are made
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| Mortgage | a loan secluded by real estate
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| Net income | the actual amount of money recieved after taxes and other payroll deductions have been subtracted from the gross income
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| price | the value of goods or services in money terms
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| quality | the degree of excellence
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| quantity | the amount of a product
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| Resume | a summary of a persons education, experience and work skill used when searching for a job
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| shortage | the situation resulting when the quantity demanded exceeds the quantity supplied of a good, service, or resource
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| tax | required payment taken from households and buisnesses by the goverment to be used for public goods and services
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| trade | the purchase, sale, or exchange of goods and services
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You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
skrat
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