Key terms in Business grade 9

A _______________ of a decision is what a person or business gives up when they make a choice.

• trade on

• trade-off

• trader joes

• trade union

A _________________________ is the particular group or groups of people that a business aims to sell its products to.

• target practice

• target market

• target money

• targeted

__________ are banks or other organizations from which a business borrows money.

• loaners

• lendees

• lenders

• lennys

A business’s ________________ is other businesses that have the same target markets.

• competitors

• compete

• competition

An entrepreneur is a person who sets up and runs their own business.

• entrepreneur

• enterprise

• interpreter

• enter

An_________________ is a document that gives a step-by-step list of actions needed to complete a task.

• action man

• action flash

• action force

• action plan

____________ means inside or coming from inside

• external

• internet

• internal

• interval

______________ means outside or coming from outside

• internal

• infernal

• external

• extranet

A ________________ exists when the needs or wants of a group of customers are not being satisfied.

• pronounced gap

• market gap

• Campbells gap

__________________ involves people within a business thinking of new ideas or finding new opportunities for the business.

• intranet

• entrepreneur

• intrapreneur

• enterprise