Introduction to Business Terms

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Students will investigate key business terms and concepts

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business vocabulary

marketing

Edad recomendada: 13 años

2 veces realizada

Creada por

Danica Butler

Australia

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

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Introduction to Business TermsVersión en línea

Students will investigate key business terms and concepts

por Danica Butler

Demand

Producer

Interdependence

Scarcity

Goods

Profit

Economics

Supply

Free Enterprise

Loss

Specialization

Service

An Entrepreneur

Barter

Taxes

Consumer

Opportunity Cost

Anyone who makes or grows a good or performs a service.

The amount or quantity of something that providers are willing to bring to the market at a given price.

The study of the making, buying, and selling of goods or services.

The money that the government collects from individuals and businesses to pay for public goods and services.

Anyone who buys a good or a service.

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.

"to trade"

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.

An object or merchandise that you can physically buy, trade or give.

When an individual or a company specializes in doing one part of a task, and relies on others to complete the other parts.

When there are limited resources, and therefore, people must make choices.

When people depend on one another.

Any kind of work performed for others.

A person who comes up with a product or service, or a better way to produce one.

The process of choosing one good or service over another. The item that you don’t pick is the opportunity cost.

When a producer sells their goods at below cost price and therefore lose money from the sale.

Introduction to Business Terms

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Introduction to Business Terms

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Introduction to Business TermsVersión en línea

por Danica Butler

Demand

Producer

Interdependence

Scarcity

Goods

Profit

Economics

Supply

Free Enterprise

Loss

Specialization

Service

An Entrepreneur

Barter

Taxes

Consumer

Opportunity Cost