Lemonade War book vocab

Question 1

bringing together after a difference, as in to reconcile numbers on a balance sheet; resolution

Accepted Answer

reconciliation

Question 2

goods so damaged that there's no point in repairing them (or they can't be repaired at all)

Accepted Answer

total loss

Question 3

rivalry in the marketplace

Accepted Answer

competition

Question 4

pricing the same goods for less than the competition

Accepted Answer

underselling

Question 5

a method of bargaining so that you can reach an agreement

Accepted Answer

negotiation

Question 6

dissolution of a unit, an organization, or a group of organizations.

Accepted Answer

breakup

Question 7

a drop in the activity of a business or economy

Accepted Answer

slump

Question 8

real estate term that refers to the position of a piece of real estate and its value

Accepted Answer

location

Question 9

two+ people joining forces to sell a certain amount of goods or to work on a single product

Accepted Answer

joint venture

Question 10

Two or more people putting money, skills, and resources together to run a business

Accepted Answer

partnership

Question 11

special or extraordinary methods and procedures used when a business is in danger of failing

Accepted Answer

crisis managment

Question 12

specified delay required by law, between taking an action and seeing the results of that action

Accepted Answer

waiting period

Question 13

throughout the world; refers to expanding one's market beyond the immediate area of production

Accepted Answer

going global

Question 14

act of purposely destroying the property of someone else's business

Accepted Answer

malicious mischief

Questions 14