Introduction to Business Terms

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Students will investigate key business terms and concepts

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business vocabulary

marketing

Âge recommandé: 13 ans

2 fois fait

Créé par

Danica Butler

Australia

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Relier Pairs Introduction to Business TermsVersion en ligne Students will investigate key business terms and concepts par Danica Butler 1 Supply 2 Scarcity 3 Specialization 4 Opportunity Cost 5 Free Enterprise 6 Taxes 7 An Entrepreneur 8 Producer 9 Service 10 Goods 11 Barter 12 Demand 13 Economics 14 Profit 15 Consumer 16 Loss 17 Interdependence The money that the government collects from individuals and businesses to pay for public goods and services. 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 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. Anyone who makes or grows a good or performs a service. An object or merchandise that you can physically buy, trade or give. Any kind of work performed for others. When a producer sells their goods at below cost price and therefore lose money from the sale. "to trade" When there are limited resources, and therefore, people must make choices. Anyone who buys a good or 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 excess amount added to an item's cost price that allows its producer to make money from the sale. 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. 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.

Relier Pairs

Introduction to Business TermsVersion en ligne

Students will investigate key business terms and concepts

par Danica Butler

Supply

Scarcity

Specialization

Opportunity Cost

Free Enterprise

Taxes

An Entrepreneur

Producer

Service

Goods

Barter

Demand

Economics

Profit

Consumer

Loss

Interdependence

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

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 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.

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

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

Any kind of work performed for others.

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

"to trade"

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

Anyone who buys a good or 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 excess amount added to an item's cost price that allows its producer to make money from the sale.

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.

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.

Introduction to Business Terms

Relier Colonnes

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Relier Pairs

Introduction to Business TermsVersion en ligne

par Danica Butler

Supply

Scarcity

Specialization

Opportunity Cost

Free Enterprise

Taxes

An Entrepreneur

Producer

Service

Goods

Barter

Demand

Economics

Profit

Consumer

Loss

Interdependence