theme 1 Flashcards

theme 1 Flashcards

Assessment

Flashcard

Business

12th Grade

Hard

Created by

Cate West

Used 1+ times

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100 questions

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1.

FLASHCARD QUESTION

Front

Brand

Back

A symbol, logo or design that is recognisable and distinguishes a product from competitors.

2.

FLASHCARD QUESTION

Front

Competition

Back

The rivalry among sellers trying to achieve goals such as increasing profits, market share, and sales volume.

3.

FLASHCARD QUESTION

Front

Competitive market

Back

When there are many rivals selling similar products.

4.

FLASHCARD QUESTION

Front

Competitor

Back

A rival business operating in the same market offering similar goods or services.

5.

FLASHCARD QUESTION

Front

Direct competition

Back

Businesses produce similar products that appeal to the same group of customers.

6.

FLASHCARD QUESTION

Front

Dynamic market

Back

A market that is subject to rapid/continuous change.

7.

FLASHCARD QUESTION

Front

Indirect competition

Back

Different businesses make or sell products that are not in direct competition but compete for the same customer experience.

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