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Flashcards in 4th Six Weeks Deck (35)
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1
Q

Registering with the government to operate.

A

Permission to Form

2
Q

The government makes sure businesses honor the agreements they make with other businesses.

A

Contract Enforcement

3
Q

The government makes sure businesses honor product guarantees, put accurate nutrition facts on boxes, and other laws to make sure buyers aren’t harmed or taken advantage of.

A

Consumer Protection

4
Q

What the Occupational Health and Safety Administration does.

A

Employee Protection

5
Q

Why the government regulates business and their external impact on the world.

A

Environmental Protection

6
Q

How the government earns revenue from businesses.

A

Taxation

7
Q

Why the government makes businesses publish their financial information publicly.

A

Investor Protection

8
Q

Tangible things that can be shown, demonstrated, touched, displayed and are easier for your audience to understand in terms of value or whether they are needed.

A

Products

9
Q

Being intangible, can be harder to show value.

A

Services

10
Q

When services tweaked and customised depending on the needs or wants of customers.

A

Customization

11
Q

A person, company, or country that makes, grows, or supplies goods or commodities for sale.

A

Producer

12
Q

A person or company that makes goods for sale.

A

Manufacturer

13
Q

A person who constructs something by putting parts or material together over a period of time.

A

Builder

14
Q

A person or business that sells goods to the public in relatively small quantities for use or consumption rather than for resale.

A

Retailer

15
Q

A person or company that sells goods in large quantities at low prices, typically to retailers.

A

Wholesaler

16
Q

A commercial enterprise that provides work performed in an expert manner by an individual or team for the benefit of its customers.

A

Service Business

17
Q

A large store stocking many varieties of goods in different departments.

A

Department Store

18
Q

One of a series of stores owned by one company and selling the same merchandise.

A

Chain Store

19
Q

A large self-service store selling foods and household goods.

A

Supermarket

20
Q

A retail shop which sells products at prices that are lower than the typical market price.

A

Discount Retailer

21
Q

A food and grocery retailer that operates stores geared toward offering deeper discounted prices than a traditional supermarket.

A

Warehouse Retailer

22
Q

A type of license that a party acquires to allow them to have access to a business’s proprietary knowledge, processes, and trademarks in order to allow the party to sell a product or provide a service under the business’s name.

A

Franchise

23
Q

A large building or series of connected buildings containing a variety of retail stores and typically also restaurants.

A

Malls & Shopping Center

24
Q

A type of electronic commerce whereby consumers buy goods or services directly from a seller through the Internet using a web browser.

A

Online Retailing

25
Q

A form of retailing where customers select the products from printed books in the store and fill out an order form.

A

Catalog Retailing

26
Q

Retailing that takes place outside traditional brick-and-mortar locations.

A

Nonstore Retailing

27
Q

A federal government document, numbering thousands of pages that details the rules individuals and businesses must follow in remitting a percentage of their incomes to the federal or state government.

A

Tax Code

28
Q

Covers the rights and responsibilities of workers and businesses.

A

Employment and Labor Law

29
Q

Statutes developed to protect consumers from rapacious business practices by making it illegal for businesses to compete in unfair ways.

A

Antitrust Laws

30
Q

The activity or profession of producing advertisements for commercial products or services.

A

Advertising

31
Q

Rules and requirements that generally cover how much pollution a facility releases.

A

Environmental Regulations

32
Q

State of being let alone and able to keep certain especially personal matters to oneself

A

Privacy

33
Q

A state’s grant of legal authority to practice a profession within a designated scope of practice.

A

State Licensing

34
Q

An American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores.

A

Walmart

35
Q

The world’s largest online retailer and a prominent cloud services provider.

A

Amazon