4th Six Weeks Flashcards
(35 cards)
Registering with the government to operate.
Permission to Form
The government makes sure businesses honor the agreements they make with other businesses.
Contract Enforcement
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.
Consumer Protection
What the Occupational Health and Safety Administration does.
Employee Protection
Why the government regulates business and their external impact on the world.
Environmental Protection
How the government earns revenue from businesses.
Taxation
Why the government makes businesses publish their financial information publicly.
Investor Protection
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.
Products
Being intangible, can be harder to show value.
Services
When services tweaked and customised depending on the needs or wants of customers.
Customization
A person, company, or country that makes, grows, or supplies goods or commodities for sale.
Producer
A person or company that makes goods for sale.
Manufacturer
A person who constructs something by putting parts or material together over a period of time.
Builder
A person or business that sells goods to the public in relatively small quantities for use or consumption rather than for resale.
Retailer
A person or company that sells goods in large quantities at low prices, typically to retailers.
Wholesaler
A commercial enterprise that provides work performed in an expert manner by an individual or team for the benefit of its customers.
Service Business
A large store stocking many varieties of goods in different departments.
Department Store
One of a series of stores owned by one company and selling the same merchandise.
Chain Store
A large self-service store selling foods and household goods.
Supermarket
A retail shop which sells products at prices that are lower than the typical market price.
Discount Retailer
A food and grocery retailer that operates stores geared toward offering deeper discounted prices than a traditional supermarket.
Warehouse Retailer
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.
Franchise
A large building or series of connected buildings containing a variety of retail stores and typically also restaurants.
Malls & Shopping Center
A type of electronic commerce whereby consumers buy goods or services directly from a seller through the Internet using a web browser.
Online Retailing
