DECA VOCAB

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Marketing

Back

Promoting and selling products/services, including market research and advertising.

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Functions of Business

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Production, Finance, Marketing, and Management

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Finance

Back

All activities involving $$

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Management

Back

All activities to plan, organize, lead, and control a business.

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Gross Domestic Product

Back

Total value of goods & services in a country in one year.

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Sole Proprietorship

Back

A business owned by one person who has all responsibility and profits.

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Partnership

Back

A business owned by a small number of people, usually two or three.

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Corporation

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A large company or group of companies authorized to act as a single entity recognized in law.

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Stock

Back

The right of partial ownership in a corporation.

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Stockholders

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People who own a corporation.