Local & Global Business Flashcard

Front

What is the Chamber of Commerce?

Back

An association of business people that promote the commercial interests of a community.

Front

What is the primary purpose of the Better Business Bureau (BBB)?

Back

To provide monitoring services to businesses and charities and benefit both businesses and consumers.

Front

What is an Enterprise Zone?

Back

A geographic area where businesses receive favorable tax credits, financing, or other incentives.

Front

What does the Small Business Administration (SBA) do?

Back

Provides a wide variety of information and small business guidance.

Front

What is the role of the Service Corps of Retired Executives (SCORE)?

Back

To help small business start-ups and entrepreneurs.

Front

What is the definition of Exchange Rate?

Back

The rate at which one currency can be converted to another.

Front

What does Logistics involve?

Back

Planning and managing the flow of goods, services, and people to a destination.

Front

What is Exporting?

Back

Shipping products made in one country to another country for future sale.

Front

What is the opposite of Exporting?

Back

Importing

Front

What is a Supply Chain?

Back

The businesses, people, and activities involved in turning raw materials into products and delivering them to end users.