Business and Government Flashcards

(72 cards)

1
Q

Chanel of distribution

A

The path that the product travels from producer to the consumer.

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2
Q

Direct Distribution

A

Brings products to the consumer directly from the producer.

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3
Q

Extractor

A

A business that grows products and takes raw materials from nature.

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4
Q

Indirect distribution

A

At least one or several middle firms.

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5
Q

Manufacturer

A

Takes extractors products and changes form consumers can use.

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6
Q

Marketer

A

A business involved in moving goods.

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7
Q

Retailer

A

sells products directly to the consumer.

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8
Q

Service business

A

Does things for you.

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9
Q

Wholesaler

A

Sells large quantities to a retailer.

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10
Q

Boar of directors

A

A responsibility guide.

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11
Q

Certificate incorporation

A

A written permission

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12
Q

Cooperative

A

Owned and managed insert.

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13
Q

corporation

A

Written permission state located

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14
Q

Dividend

A

Part shareholder receives

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15
Q

Franchise

A

sells someone else products

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16
Q

Franchisee

A

who recieves permission

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17
Q

Franchiser

A

Parent grants permission

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18
Q

Non-profit corperation

A

Operate profit

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19
Q

Partnership

A

Small group not more than two

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20
Q

Shareholder/stockholder

A

buying shares of stock.

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21
Q

Sole proprietorship

A

Owned by one person.

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22
Q

Business Ethics

A

Employees ought to behave.

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23
Q

Code of Ethics

A

Rules for guiding

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24
Q

Conservation

A

scarce resources

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25
Ethics
Principles conduct
26
Non-renewable
cannot be replaced
27
Social responsibility
Well-being community
28
Balance of payments
The amount that goes into a country and out of it.
29
Balance of trade
Total exports and total imports
30
Embargo
The government stopping the export.
31
Exchange rate
One country compared to another country
32
Exports
Goods we sell to other countries
33
Imports
The things we buy from other countries
34
International business
Includes all business activities
35
Multinational company
Countries world wide
36
Quota
Government limits time
37
Tariff
A tax imported products
38
Antitrust Laws
Promote monopolies
39
Contract
Agreement to exchange money
40
Copyright
Protects creative work
41
INTERstate
Involving in more than one state
42
INTRAstate
In only one state
43
Monopoly
Business has control
44
Patent
inventor sells for 17 years
45
Public utility
Vital to all people
46
Revenue
Government-income
47
Trademark
A word letter or symbol
48
Ford Motor Company
Manufacturer
49
Best Buy
Service business
50
School tutor
Service busniness
51
Miner
Extractor
52
Netflix
marketer
53
Footlocker
Marketer
54
Pool cleaner
Service business
55
Grape wine production
Manufacturer
56
Oil worker
Extractor
57
Major league baseball
Manufacturer
58
Instagram
Marketer
59
Babysitter
Service business
60
Farmer
Extractor
61
Lawn care company
service business
62
Don´s Barbershop
Sole prop
63
American red cross
Non-profit
64
Taco bell
Franchise
65
Amanda and Pete
partnership
66
NPS credit union
Co-op cooperative
67
WWE
Corporation
68
The power of state governments to regulate business activities within their own boundaries is called???
INTRAstate
69
A trucking company that ships products to several states is an example of what?
INTERstate
70
What gives the federal government the power to regulate foreign and interstate commerce?
US Constitution
71
What two things does the government protect in a Market Econnomy?
Contract and Intellectual property
72
True or False: According to the law, corporations are considered people.
True