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FBLA Agribusiness

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business cycle

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Terms in this set (596)

the repeated rise and fall of economic activity over time

a written description of a new business venture that describes all aspects of the proposed agribusi- ness; it helps you focus on exactly what you want to do, how you want to do it, and what you expect to accomplish

business survey

a survey that a business conducts to determine the market potential for a selected business

goods used to produce other goods and services; the investment that the owner has put into the business

capital intensive

having a high capital cost per unit of output; requiring greater expenditure in the form of capital than of labor

an economic system where individuals own resources and have the right to use their time and resources however they choose

something of value deposited with a lender as a pledge to secure repayment of a loan

steady application; constancy in an effort to accomplish something

person who accepts all the risks pertain- ing to forming and operating a small business. This also entails performing all business functions associated with a product or service and includes social responsibility and legal requirements

financial institutions

any business that lends money

financial resources

any place that a consumer or business person can acquire money

free enterprise

economic system that allows individu- als to organize and conduct business with a minimum of government control; individuals privately own what they produce

one who provides money to others, usually a business, for later income or profit

place or position in the community suitable for a person or thing

a harmonious or sympathetic relationship