Relacionar Columnas Introduction to Business TermsVersión en línea Students will investigate key business terms and concepts por Danica Butler 1 Goods 2 Taxes 3 Interdependence 4 Opportunity Cost 5 Specialization 6 Barter 7 Producer 8 Service 9 An Entrepreneur 10 Demand 11 Scarcity 12 Profit 13 Free Enterprise 14 Consumer 15 Economics 16 Loss 17 Supply The amount or quantity of something that providers are willing to bring to the market at a given price. "to trade" The study of the making, buying, and selling of goods or services. Anyone who buys a good or a service. A person who comes up with a product or service, or a better way to produce one. An object or merchandise that you can physically buy, trade or give. Competition - companies compete with one another to get the most customers, and therefore, make the most money. A company may have to lower the sale price of its goods because it has to compete. The money that the government collects from individuals and businesses to pay for public goods and services. The excess amount added to an item's cost price that allows its producer to make money from the sale. The quantity of a good or service that consumers and businesses are willing and able to buy at a given price in a given time period. When a producer sells their goods at below cost price and therefore lose money from the sale. The process of choosing one good or service over another. The item that you don’t pick is the opportunity cost. When people depend on one another. When an individual or a company specializes in doing one part of a task, and relies on others to complete the other parts. Any kind of work performed for others. Anyone who makes or grows a good or performs a service. When there are limited resources, and therefore, people must make choices.
Crear