Terms in this set (34)
A business organization in such areas as shipping, mining, railroads, or factories.
A person who organizes, manages, and takes on the risks of a business.
a person or business to whom merchandise or services are sold
A person who purchases goods and services for personal use
out of date
Web-based economic activities
the difference between the cost of purchasing raw materials and the price the finished goods are sold for
Degree of uncertainty of return on an asset; in business, the likelihood of loss or reduced profit.
a prize for doing something successfully
things that add comfort and pleasure to your life
things that are required in order to live
goods and services
the objects (goods) and the actions (services) that people value and produce to satisfy human wants
The money that an entrepreneur or investor receives when a business succeeds
research done firsthand for the first time
past research which has already been performed and often already published
the portion of a market controlled by a particular company or product.
a group of consumers who respond in a similar way to a given set of marketing efforts
capable of being measured or expressed as an amount
Data through descriptions. Use senses.
a chance a person takes after carefully considering all possible outcomes
a newly created company designed to grow fast
spending on capital equipment, inventories, and structures, including household purchases of new housing
primary source of revenue for a merchandising company
A system for producing and distributing goods, and services to fulfill people's wants
A feeling of devotion, duty, or attachment to somebody or something
the ideas, beliefs, and attitudes about what is important that help guide the way you live
Unique selling point (USP)
Any aspect of a product that makes it stand out from those offered by rival businesses.
the principles of right and wrong that guide an individual in making decisions
A person or organization with an interest in a particular place or issue.
the ability to conduct commerce using a mobile device for the purpose of buying or selling goods or services
statistical data relating to the population and particular groups within it.
a positive or negative environmental stimulus that motivates behavior
seven to ten people who participate in a group discussion led by a moderator
anything that makes life easier or more comfortable