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12 terms

final review

a review of the definitions of business.
STUDY
PLAY
advertising
any paid form of communication through mass media directed at identified consumers to provide information and influence their actions
age discrimination act
Prevents employers from discrimination based on age
agreement
the verbal act of agreeing
balance of trade
the difference in value over a period of time of a country's imports and exports of merchandise
bonds
a certificate issued by a government or private company which promises to pay back with interest the money borrowed from the buyer of the certificate: The city issued bonds to raise money for putting in new sewers.
business cycle
prosperity, depression, recession, and recovery
business plan
A written description of the business idea and how it will be carried out, including all major business activities.
buying motives
The reasons consumers decide what products and services to purchase
carer planning steps
1.personal assessment
2.employment market analysis
3.application process
4.interview process
5.employment acceptance
6.career dvelopment and advancement
civil rights act
In 1866 the Civil Rights Act was created to grant citizenship to blacks and it was an attempt to prohibit the black codes. It also prohibited racial discrimination on jury selection. The Civil Rights Act was not really enforced and was really just a political move used to attract more votes. It led to the creation and passing of the 14th amendment.
compensation
the amount of money paid to an employee for work performed
competition
a business relation in which two parties compete to gain customers