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C.O Unit 7 Vocab

Unit 7 C.O. vocab

QuestionAnswer
Business plan a description of the goals of a business and how it will operate
Competition when two or more companies rival for consumer dollars
Consumer someone who purchases a good or service with the intent to use it
Corporation business owned by many people but treated by the law as though it were one person
Entrepreneur a person who organizes, manages, and assumes the risk of a business
Laws of supply and demand economic rules which influence consumer buying decisions
Partnership business which two or more people own and operate
Persistent continuing for a long period of time to accomplish a task
Producer someone who creates a good or service
Risk possibility of loss
Sole proprietorship business owned by one person
Stock a share of the ownership in a company
Stockholder a person who owns stock in a company
Created by: hobbstw