Reading...
Play button
Play button
Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
21 Cards in this Set
- Front
- Back
|
wants
|
stuff you don't need to survive
|
|
|
needs
|
what you need to surive
|
|
|
goods
|
products to satisfy need and wants
|
|
|
services
|
people who work to make goods
|
|
|
resources
|
a stock or supply of money, materials, staff, and other assets that can be drawn on by a person or organization in order to function effectively.
|
|
|
buisness
|
the activity of making, buying, or selling goods or providing services in exchange for money
|
|
|
profit
|
a financial gain, esp. the difference between the amount earned and the amount spent in buying, operating, or producing something.
|
|
|
competition
|
the activity or condition of competing
|
|
|
market research
|
gathering information for profit
|
|
|
consumer
|
a person who purchases goods and services
|
|
|
small buisness
|
Small businesses are normally privately owned corporations, partnerships, or sole proprietorships. What constitutes "small" in terms of government support and tax policy varies by country and by industry, ranging from fewer than 15 employees under the Australian Fair Work Act 2009, 50 employees ...
|
|
|
virtual buisness
|
A virtual business employs electronic means to transact business as opposed to a traditional brick and mortar business that relies on face-to-face transactions with physical documents and physical currency or credit.
|
|
|
global economy
|
The world economy, or global economy, generally refers to the economy, which is based on economies of all of the world's countries' national economies. ...
|
|
|
international trade
|
International trade is the exchange of capital, goods, and services across international borders or territories. In most countries, such trade represents a significant share of gross domestic product. ...
|
|
|
multinational
|
including or involving several countries or individuals of several nationalities
|
|
|
corporation trade
|
when two coropration trade buisness ideas
|
|
|
imports
|
what goods we get
|
|
|
exports
|
what goods we send out
|
|
|
balance of trade
|
the difference in value between a country's imports and exports.
|
|
|
competitve advantage
|
Competitive advantage seeks to address some of the criticisms of comparative advantage. Michael Porter proposed the theory in 1985. Porter emphasizes productivity growth as the focus of national strategies. ...
|
|
|
exchange rate
|
the value of one currency for the purpose of conversion to another.
|
