FHS Principles of Business Final Exam Review 2022-2023 P2

Goods, services, & captial brought into a country from outside its borders...

_________ is the ability to influence others to reach a goal

A(n) __________ is the structure of a company from the highest to the lowest levels

A group of countries that join together to trade as if they are a single country

The general rise of prices throughout an economy is known as...

2 or more businesses in an industry agree to sell the same good/service at a set price to eliminate price competition.

Customers who buy products for their own use make up the...

______ are private investors who fund a start-up business

Analyzing situations, interpreting information & making decisions is the ability to use

_________ is the ability to influence others to reach a goal

A(n) __________ is the structure of a company from the highest to the lowest levels

Creating long-term goals of an organization is called _________ planning.

borrowing money that must be paid for use in a business

Customers who buy products to be used in business make up the

The general rise of prices throughout an economy is known as...

Acceptance refers to...

Exists when a country can produce goods more efficiently and at a lower cost than another country

The___________ is a specific group of customers whose needs a company will focus on satisfying.

capital brought into the business in exchange for a % ownership

Customers who buy products to be used in business make up the...

A franchise is license to sell a company's goods or services within a certain territory or location

Document describing business objectives & the strategies to achieve them

Periods of alternating expansion and contraction in an economy is called: