Big Business Vocabulary Quiz

amount of product available for sale?

• Supply

• Demand

• Surplus

• Deficit

willingness and ability to buy a product?

• Supply

• Demand

• Surplus

• Deficit

more than enough of a product?

• Supply

• Demand

• Surplus

• Deficit

NOT having enough of a product?

• Supply

• Demand

• Surplus

• Deficit

What is the term for 2 or more companies competing for business?

• Supply

• Demand

• Surplus

• Competition

​ is the amount of product for sale

• supply
• demand

When one company controls all or nearly all of one industry (like oil) it is a ​

• monopoly
• trust
• union

What is this picture showing?

• monopoly

• vertical integration

• surplus

• competition

Having MORE product than is needed is ___

• Supply

• Demand

• surplus +++

not enough of a product

• deficit

• capital

• corporation

• surplus