
Domain 3 Vocabulary

Flashcard
•
Business
•
6th - 8th Grade
•
Hard
Anery Hernandez
FREE Resource
Student preview

24 questions
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1.
FLASHCARD QUESTION
Front
Product/ Market Fit
Back
The degree to which a product satisfies a strong market demand.
2.
FLASHCARD QUESTION
Front
Hypothesis
Back
A supposition or proposed explanation made on the basis of limited evidence as a starting point for further investigation
3.
FLASHCARD QUESTION
Front
Scale
Back
Approaching the limits of growth
4.
FLASHCARD QUESTION
Front
Demand
Back
An economic principle referring to a consumer's desire to purchase goods and services and willingness to pay a price for a specific good or service
5.
FLASHCARD QUESTION
Front
Substitute
Back
A product or service that can be easily replaced with another by consumers.
6.
FLASHCARD QUESTION
Front
Services
Back
The action of helping or doing work for someone
7.
FLASHCARD QUESTION
Front
Cost of Goods
Back
Cost associated with producing products in a business during a specific time period.
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