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Flashcards in 4th Six Weeks Deck (35)
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1

Registering with the government to operate.

Permission to Form

2

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

Contract Enforcement

3

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

4

What the Occupational Health and Safety Administration does.

Employee Protection

5

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

Environmental Protection

6

How the government earns revenue from businesses.

Taxation

7

Why the government makes businesses publish their financial information publicly.

Investor Protection

8

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

9

Being intangible, can be harder to show value.

Services

10

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

Customization

11

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

Producer

12

A person or company that makes goods for sale.

Manufacturer

13

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

Builder

14

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

Retailer

15

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

Wholesaler

16

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

Service Business

17

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

Department Store

18

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

Chain Store

19

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

Supermarket

20

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

Discount Retailer

21

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

Warehouse Retailer

22

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

23

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

Malls & Shopping Center

24

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

Online Retailing

25

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

Catalog Retailing

26

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

Nonstore Retailing

27

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.

Tax Code

28

Covers the rights and responsibilities of workers and businesses.

Employment and Labor Law

29

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

Antitrust Laws

30

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

Advertising