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17 Cards in this Set
- Front
- Back
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bankruptcy
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when a company or person owes more than they will be able to repay
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customer
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a person who buys merchandise from a business
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interest
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money a borrower pays to a lender for the use of money
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stockholder
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a person who has invested in a business
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dividend
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a declared bonus on the value of each share of stock
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retail
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the sales of merchandise in small amounts to individual consumers
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entrepreneur
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a person who starts and organizes a new business
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profit
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the difference between sales price and cost
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invest
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purchasing something because it may be worth more in the future
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sales tax
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tax charged on a purchase based upon price
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shares
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an equal fractional portion of the value of a business
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receipts
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a paper record of purchases and payment
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price war
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when stores continue to lower prices to compete for customers
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gross
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a measurement of 12 dozen items (12 x 12 = 144)
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stock
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certificates representing shares of ownership in a corporation
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auction
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a sale where the buyers set the price by bid against each other
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wholesale
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the sales of merchandise in large amounts to other businesses
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