Business Vocabulary Terms 5

Fill in the blank: The possibility of some kind of loss is known as _______.

• Risk

• Opportunity

• Benefit

• Advantage

Fill in the blank: The sale of goods to the public in relatively small quantities for use or consumption rather than for resale is called _______.

• Retail

• Wholesale

• Manufacturing

• Distribution

Fill in the blank: A fixed regular payment, typically paid on a monthly or biweekly basis but often expressed as an annual sum, made by an employer to an employee, especially a professional or white-collar worker, is known as _______.

• Salary

• Wage

• Commission

• Bonus

To divide a large group of people into smaller groups of people of a similar age or with similar incomes, interests, etc., is to _______.

• Segment

• Integrate

• Unify

• Combine

Fill in the blank: A stock of a resource from which a person or place can be provided with the necessary amount of that resource is called _______.

• Supply

• Demand

• Inventory

• Reserve

Fill in the blank: One of the parts into which ownership of a company is divided is known as a _______.

• Share

• Bond

• Dividend

• Equity

Fill in the blank: The goods or merchandise kept on the premises of a business or warehouse and available for sale or distribution are referred to as _______.

• Stock

• Inventory

• Assets

• Supplies

The definition of 'Strategy' is:

• A plan of action designed to achieve a long-term or overall aim.

• A random decision made without any planning.

• An unorganized set of actions with no specific goal.

• A short-term plan with immediate results.

In a business context, 'Target' refers to:

• a specific goal or objective a company aims to achieve.

• a random selection of tasks to be completed.

• a competitor in the market.

• a financial loss incurred by the company.

Explain the term 'Transaction'.

• A transaction is a completed agreement between a buyer and a seller to exchange goods, services, or financial assets.

• A transaction is a type of computer program.

• A transaction is a form of communication between two devices.

• A transaction is a method of transportation.