Duplicate of IBM Final Review

An economic system in which decisions are made in the marketplace

To market a product successfully, a company has to

A negative of corporations is ?

What cycle is where businesses produce less, so they need fewer workers

A rise in business activity after a recession

Most nations have which type of economy

What form of management works closest with the employees?

The most common type of business ownership

Creditors' claims (debt) to the assets of a business

A listing of what is required to do a job is a?

When the government spends more on programs than it collects in taxes

Items that you keep having to re-purchase or the costs change over time are called __________.

The owners of a corporation

An economic system in which a central authority makes the key economic decisions

The amount of goods and services that producers (businesses) will provide at various prices

Which of the following is a non-renewable resource

A written description of a new business venture that describes all aspects of the business.

The total value of goods and services produced in a country in a given year

What is the term for running low of resources

Economic indicators measure

What financial statement shows if a company makes a gain or a loss?

A summary of your qualifications and experience, education, and personal information is a

The four P's are referred to as the __________.

A brief account of the key points or your hook is contained in which section of a business plan?

Money supplied by investors, banks, or owners of a business

What is debt that I owe?

A general increase in the price of goods and services

Libraries, roads, hospitals are all __________.

The marketing function that involves making customers aware of a product

which is not part of the marketing mix?

When an item goes scarce, then the price will

Raw materials used to produce goods

A business using recycled materials is an example of _____

How and where customers will buy their goods and services

Conducting surveys and marketing research is part of which marketing function?

The motive of businesses to just make money is

The process of pricing, promoting, and placing a product or services

Property and other items of value owned by a business

Measures the number of people who are able and willing to work but cannot find work

owning all debt of a company is known as

A positive thing for corporations

Process of getting goods and services to customers

An asset that you keep longer than a year is a ____________asset

Management includes the processes or functions of planning, organizing, leading, and ____.

A plan specifying how your money will be used or spent during a particular period

Moral principles by which people conduct themselves personally, socially, or professionally

what cycle contains low unemployment and high production of goods and services

Which of the following is not a financial statement?

A form of non verbal communication is

High unemployment, low production of goods and services

Contractual agreement to use the name and sell the products of a company

Focusing on one group of people to sell to is?

Employees have an ethical obligation to act in the best interest of the

What historical event started mass production?

People who make the goods and services for which they are paid