Save
Busy. Please wait.
Log in with Clever
or
show password
Forgot Password?
Don't have an account?  Sign up 
Sign up using Clever
or
Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account. Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't Know
Remaining cards (0)
Know
0:00
edit
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Management

QuestionAnswer
PRIMARY GOODS satisfy essential needs
NON-ESSENTIAL GOODS satisfy non-essential needs
Complementary goods You need both to satisfy a need
Substitute goods You need only one to satisfy a need
Differentiable goods Different characteristics
Commodities no features
Consumer goods For final use
Industrial goods Used to produce other goods
Disposable goods Used once
Durable goods Used more than once
Goods for individuals Consumed by single individuals
Collective consumption Consumed by more individuals
Public goods The goods that are both non-excludable and non-rivalrous in consumption or produced by the state.
EXCLUDABILITY Consumption can exclude other people consumptions
Rivalry Consumption excludes the consumption of other similar products
What an economic activity involves? Technical transformation, Transactions, Complementary activities (i.e management)
Individuals in business - Owners - Customers - Employees
Management Oversees a company and manage its resources
Marketing Focus on the 4 P’s –product, price, place/distribution and promotion
Finance All the activities involving money
Entrepreneur An individual who risks its time, money and resources to create a profitable company
Role of government: - preserves competition and protects the economic agents - controls market fluctuations and reduces unemployment - stimulates the market spending
Non-profit organizations: - private and are not allowed to distribute their profits or assets - require skills to manage them - could involve many activities
Business: Any organization that is engaged in making a product providing a service for profit
Society: refers to human beings (members of aparticular community, nation, or interest group)and to the social structures they collectively create.
Created by: user-1808393
Popular Economics sets

 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
Retries:
restart all cards