Intro to Business - Semester Final Review

The verdict is the document or materials shown in court as evidence.

The activity that seeks profits by providing goods and services to customers.

The use of surveys and taste tests to find out what consumers like is called:

Which function of marketing involves moving goods from one place to the consumer:

These factories have unsafe working conditions, pay poorly and treat workers badly.

Stock exchange that conducts all of its trading electronically.

What happens when consumers want goods/services at a specific price:

Ethics is a set of moral principles by which we live by.

The US is so rich in resources, we do not need to trade with other countries.

Social responsibility of a business is the obligation to do what is best for the company.

Extra money awarded to a plaintiff to make up for a particular loss.

The US economy is:

Highways, drinking water, parks and education are examples of:

Anything you can use to make or obtain what you want or need is called:

An important quality of an entrepreneur is to procrastinate and depend on others.

Most businesses and professions do not have their own code of ethics.

The color commonly used in advertising for corporate businesses is:

The agency that sets and enforces work-related health and safety rules:

Logos are short messages, usually 7 words or less, used by companies to help consumers remember

The written design of a new business that describes all aspects of that business.

The final stop in the channel of distribution which sells directly to the consumer:

Raw materials used to produce goods are called:

Private wants are wants shared by many people and satisfied by the government.

An economy where the central authority makes all of the key economic decisions.

Changes in technology have created new jobs, products and how consumers shop.

The abbreviation used to identify a company on the stock market is called:

The process of planning, pricing, promoting and selling goods to satisfy customers.

Who you are when you select, purchase, and repeatedly use a particular good/service.

This government agency bans discrimination against persons with physical/mental disabilities.

Investing in the stock market guarantees big profits.