Business Fundamentals
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Business Fundamentals
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25 Questions

1. Total value of all goods and services produced within a given period by a national economy through domestic factors of production

2. Private funds - partners/shareholders - bank loans - asset leasing and hire purchase - venture capital/business angels - merger capital - retained profits

3. Reporting relationships within a company

4. Deliver quality products - and provide effective customer service; keeps customers satisfied and helps retain long-term loyalty

5. Product that is dissimilar from those of competitors but than can fulfill the same need

6. Government agency charged with assisting small businesses - a govt agency that helps small business owners develop business plan and obtain financing and other support for their companies

7. Larger visual and multimedia ads that appear on websites

8. Classification of customers on the basis of their psychological makeup - interests - and lifestyles

9. Stocks - bonds - and other investments that can be turned into cash quickly

10. Advertising that tries to sell specific goods or services - generally by describing features - benefits - and occasionally - price

11. Method of combining geographical data with demographic data to develop profiles of neighborhood segments

12. Intermediary who sells products to other businesses for resale to final consumers

13. Cost-based pricing - price-based pricing - optimal pricing - skim pricing - penetration pricing - loss-leader pricing - auction pricing

14. From of sexual harassment deriving from off-color jokes - lewd comments - and so forth

15. Group of small investors who invest money in companies with rapid growth potential

16. Something produced by the intellect or mind that has commercial value

17. Products characterized by a plain label - with no advertising and no brand name

18. A large number of identical products are assembled using a continuous - efficient procedure

19. Ratios that measure the overall financial performance of a firm- include return on sales - return on investment - and earnings per share

20. An extra amount of time granted to a party to make a payment

21. Brands that carry the label of a retailer or a wholesaler rather than a manufacturer

22. Strategy in which two or more organizations collaborate on a project for mutual gain

23. Charging a high price for a new product during the introductory stage and lowering the price later

24. Provides protection for the product - makes products easier to display - and attracts attention

25. Physical products purchased by companies to produce other products

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