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Lesson 1.4

Entrepreneurship

QuestionAnswer
Golden Handshake The money that is offered to a person when they retire.
Productivity producing or tending to produce goods and services having exchange value.
Union Group of people that represent the majority of workers in a certain field.
Demographics Statistical study of a population.
Target Market Group of consumers with similar needs to whom a company can sell a product.
Niche Market a special segment of a market often defined in terms of particular buyer characteristics for which a business feels particularly well suited to target.
Product Liability the responsibility of a manufacturer for injury or loss caused by its product.
Golden Handshake The money that is offered to a person when they retire.
Productivity producing or tending to produce goods and services having exchange value.
Union group of people that represent the majority of workers in a certain field.
Demographics statistical study of a population.
Target Market group of consumers with similar needs to whom a company can sell a product.
Niche Market a special segment of a market often defined in terms of particular buyer characteristics for which a business feels particularly well suited to target.
Product Liability the responsibility of a manufacturer for injury or loss cause by its product.
Democracy is a form of government that offers a great deal of freedom yet provides protection when individuals of groups can suffer from the actions of others.
Business law areas of government regulations dealing with business-to-business and business to consumer relationships.
Monopoly exists when only one company provides a product or service without competition from other companies.
Federal trade commission the primary agency monitoring business practices.
Product safety people want to be assured that food they consume and products they purchase are safe.
Ethics are principles, beliefs, and values accepted by a society or culture that guide the conduct of individuals and groups.
Business Ethics are principles of conduct guiding the actions of businesspeople.
Code of Ethics written statements of ethical beliefs and practices.
Created by: eramig
 

 



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