BusinessCents Vocabulary March 15

Communication used by businesses to persuade consumers to buy a good or service.

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A decision made between two or more possibilities or alternatives.

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People who buy goods and services to satisfy their wants.

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Deciding among choices (alternatives or options).

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The quantity of a good or service that buyers are willing and able to buy at all possible prices during a certain time period.

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Buyers and sellers coming together to exchange goods, services, and/or resources.

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The amount of money, determined by the interaction of buyers and sellers, that a buyer must pay to acquire a good, service, or resource.

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The amount of revenue that remains after a business pays the costs of producing a good or service

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Using some or all of your income to buy things you want now.

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An exchange, promise, or agreement between two parties that is enforceable by law. For example, a car buyer agrees to pay the amount financed at an agreed-upon interest rate for the length of the contract.

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