Intro to Business & Marketing Vocab 3

Online trading communities that bring together buyers to make possible the exchange of info.

An individual who assumes the risk of starting and operating a business

A form of demand for products in which changes in price correspond to changes in demand

A mktg function, responsible for the physical movement of a good from the producer to consumer

The amount of income people have left to spend, or dispose of, after they have paid their taxes

An indication of how changes in price will affect changes in the amounts of demand and supply

A sum of money paid to an investor or stockholder as earnings on an investment

Keeping track of inventory according to the dollar value of the stock

A gov't agency that grants licenses to radio and television stations and regulates rates

Convincing customers that a good or service has features that will provide wanted benefits

The combination of distribution activities that a company uses to distribute goods or services

Interest charged on the outstanding balance of a credit account

A facility that holds goods in storage and fills orders for those goods

Insurance coverage to protect a business from losses due to employee theft

Point at which quantity of good buyers want to buy and the quantity sellers are willing to sell

Physical characteristic or quality which may be used to describe a good or service

A list that may be arranged alphabetically to show product features and corresponding benefits

The ability to use minimum amounts of resources to the best advantage

Information from a superior to a subordinate

Unwritten rules of good conduct