Persons or company who supplies goods and services.

The capability of a system to expand its total output under an increased volume of work when resources are added.

. A business which has its own identity and is distinct from the owners is called ____.

A business with the main purpose of gaining profit is called ___________.

A business that creates its own plan to expand its economic growth.

Which brand of drinks may be a very good substitute for Coca-Cola?

Industry rivalry among companies of the same or related industry is called_______.

Competitive advantages that can also be gained by business that seek cooperation within or related industries is termed as____.

Individuals who will buy the products and services in the market.

Margarine is a good substitute for ____________________.

A strategy that businesses often use marketing and some ads are against the competitors.

An advantage that occurs when a business is able to offer the same quality product as its competitors, but at a lower price.

This is a method used by a business to find attributes that is important and to set them apart itself from its competitors.

Products use as replacements to other products that gives the same purpose.

Ford and Toyota sells the same products; it evident that there is a ____________ .

Printed and online promotion is needed in starting your business.

A principle in which everything must work together from employee to president or from equipment to resources.

This is needed in every business. Without this, business operations will stagnate.

This acts like a fire or a driving force that make every business successful.