COMPETITION IN BUSINESS

Front

Competition is always good?

Back

false

Front

What is competitiveness?

Back

It is when you want to win or do better than someone

Front

Someone who creates their own business is called a(n)...

Back

Entrepreneur

Front

What is the term for all activities involved in developing and exchanging products?

Back

Business

Front

An organized way in which a nation chooses to use its resources to create goods and services.

Back

Economic System

Front

Advantages of this business type are that the owner is their own boss and gets to keep all the profits. Options: Partnership, Sole Proprietorship, Corporation, Franchise

Back

Sole Proprietorship

Front

A target market is a group of _______ that the _______ has decided to aim its marketing efforts and ultimately its merchandise towards.

Back

Customer, Business

Front

a business plan

Back

can serve as a tool for managing your business once it is up and running

Front

What is a business plan?

Back

Written document that describes all the steps necessary for opening and operating a successful business.

Front

Why do you need a business plan?

Back

To explain your idea, the ability to get financing, it's a road map that sets objectives and goals for the business.