Intro to Business Semester Exam

Front

a person who buys and uses goods and services

Back

consumer

Front

an agreement to exchange goods and services for something of value, usually money, may be written or unwritten

Back

contract

Front

the quantity of a good or service that consumers are willing and able to buy

Back

demand

Front

goods and services sold to other countries

Back

exports

Front

things that you can see and touch; they are the products you can purchase to meet your wants and needs

Back

goods

Front

items bought from other countries

Back

imports

Front

the process of accomplishing the goals of an organization through the effective use of people and other resources

Back

management

Front

the activity, set of institutions, and process for creating, communicating, delivering, and exchanging offers that have value for customers, clients, partners, and society at large

Back

marketing

Front

short, specific written statement of the reason a business exists and what it wants to achieve

Back

mission statement

Front

What exists when a business has control of the market for a product or service?

Back

monopoly