Business ownership by ordinary people, not the government.

The discipline that keeps track of a company's financial situation.

You alone own the rights to an item or idea.

The function of business that involves money management.

Word, name, symbol, sound, or color that identifies a good or service.

The process of achieving company goals by effective use of resources through planning, organizing, and controlling.

Anything that is authored by an individual, such as writings, music, or artwork.

The process of creating, growing, manufacturing, or improving on goods and services.

The free enterprise system that encourages businesses to attract new customers and keep old ones.

Buying goods from wholesalers or directly from manufacturers and resell them to the consumer.

Customers will buy the product with the lowest price

Obtains goods from manufacturers and resell them to organizational users, other wholesalers, and retailers.

When a business chooses to compete on an aspect other than price.

Demand for consumer goods and services.

Exclusive control over a product or the means of producing it.

A group of establishments primarily engaged in producing or handling the sale product or group of products.

The potential for loss or failure

Business not associated with government agencies.

Money earned from conducting business after all costs and expenses have been paid.

Government financed agencies.

The amount of goods producers are willing to make and sell.

Functions like a business but uses money it makes to fund the cause identified in the charter.

Consumers willingness and ability to buy products.

Seeks to make a profit from its operations.

A business that sells its products only to its own country.

Sells its products in more than one country.

Activities from the time a product leaves the producer until it reachers the final consumer.

Determining corporate culture, setting goals, developing strategies, scheduling employees, and analyzing financial information.

Preparing balance sheets, profit and loss statements, and other financial statements.

Producing products, or acquiring raw materials or parts t produce products.

Terms like "double-click" or Kleenex

Protects your invention

Protects a poem you wrote.

End of season sales

Delivery and assembly

Low costs and high sales results in a _____

Another name for private enterprise

Free enterprise "allows" citizens to be successful or unsuccessful because we choose how to run out personal lives and businesses. (True or False)

Are monopolies permitter or not permitted in a market-oriented economy?

When price and quantity produced move in the same direction.

When price and demand move in opposite directions.

Business success or failure impacts the owners, employees, consumers, and government. (True or False)