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Lesson 1.4
Entrepreneurship
| Question | Answer |
|---|---|
| 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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