Business Characteristics Vocabulary

Business Characteristics Vocabulary

Assessment

Flashcard

Business

10th Grade

Hard

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23 questions

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1.

FLASHCARD QUESTION

Front

department responsible for creating products which meet consumer wants and needs, guiding products through the product life cycle and understanding consumers through marketing research

Back

Marketing

2.

FLASHCARD QUESTION

Front

department responsible for producing goods and services in the most efficient and cost-effective manner

Back

Production

3.

FLASHCARD QUESTION

Front

marketing theory stating the stages experienced by products and services from their introduction to their decline; consists of four stages: introduction, growth, maturity, decline

Back

Product Life Cycle

4.

FLASHCARD QUESTION

Front

pyramid expressing the needs of people in levels: basic needs, safety, belongingness, love, esteem and self-actualization

Back

Maslow's Hierarchy of Needs

5.

FLASHCARD QUESTION

Front

businesses which change raw or processed goods into finished goods

Back

Producers

6.

FLASHCARD QUESTION

Front

department responsible for managing the use of company funds, obtaining needed funds and creating a financial plan

Back

Finance

7.

FLASHCARD QUESTION

Front

debts or obligations of a business

Back

Liabilities

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