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MARKETING
MARKETING
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StudBud Administration
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#CHAPTER 5 VOCABULARY
Flashcards
15 cards
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Practice quiz
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Host live
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Questions
15
Answers
1
Business ownership by ordinary people, not the government.
price competition
monopoly
private enterprise
patent
2
Exclusive control over a product or the means of producing it.
industry
purchase
monopoly
trademark
3
A general direction in which something tends to move; current style or inclination.
supply
trend
nonprofit organization
accounting
4
Anything that is authored by individual
global business
copyright
private sector
purchase
5
A business that sells its products only in its own country.
management
domestic business
for-profit business
global business
6
Businesses not associated with government agencies
public sector
industry
management
private sector
7
A business relation in which parties compete to gain customers.
competition
nonprice competition
derived demand
supply
8
The process of creating, growing, manufacturing, or improving on goods and services
management
production
purchase
public sector
9
A business that sells its products in more than one country.
domestic business
public sector
global business
for-profit business
10
The potential for financial gain, loss, or failure.
copyright
price competition
trademark
business risk
11
To bring into existence; produce.
generate
finance
accounting
wholesaler
12
A word, name, symbol, sound, brand name,
trademark
demand
business risk
nonprice competition
13
A document granting an inventor sole rights to an item or an idea
supply
demand
for-profit business
patent
14
The function of business that involves money management.
accounting
purchase
retailer
finance
15
To act together or toward others or with others.
monopoly
production
profit
interact
