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General Business Vocabulary
General Business Vocabulary
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Definitions of general business terms.
Flashcards
15 cards
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Questions
15
Answers
1
Producing large quantities lowers the per unit cost of each.
none of these
Economies of Scale
Mass production
Production efficiency
2
Trading products or services without using money.
Negotiating
Bartering
Exchanging
None of these
3
A cost that does not increase as production increases.
General Costs
None of these
Fixed Cost
Variable Cost
4
Funding a start-up businesses in exchange for a high rate of return on investment.
Investment
Venture Capital
Donations
Seed money
5
Anyone who sells goods or services.
Vendor
Manager
Supplier
Customer
6
The study of the characteristics of the human population.
Market research
Publicity
Demographics
none of these
7
A good or service offered below cost to attract customers to higher priced items.
Cash Cow
Loss Leader
None of these
Sale Item
8
Information about your company in the media that you didn't pay for.
News reels
Social media
Tweets
Publicity
9
Offering a package of products at one total price to attract customers.
Packaging
Bundling
Gathering
Bunching
10
One business buying parts it needs from another company.
Outsourcing
None of theses
Both of these
Procuring
11
A segment of the market attracted to a product specially designed for them.
Market zone
Market niche
Market group
Market segment
12
Finding out who customers are, where they are and how to contact and sell to them.
none of these
Demographics
Social research
Market research
13
Producing and selling products that appeal to environmentally conscious consumers.
Purple Marketing
Yellow Marketing
Green Marketing
Blue Marketing
14
The time between placing an order and receiving the finished product.
Lead time
Order window
Wait time
All of these
15
A product or service that generates lots of cash sales with little effort.
none of these
Loss Leader
Cash Cow
Sale Item