First Flashcards

1
Q

Advertising

A

The act of calling public attention to ones product, paid announcements

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2
Q

Aptitude

A

Capability to do something

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3
Q

Balance Sheet

A

A statement of set accounts where debit and credit add up as equal

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4
Q

Benefits

A

Something that is advantageous or good

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5
Q

Brand

A

Kind, grade, mark

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6
Q

Capitalism

A

An economic system that is controlled by individuals or corporations

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7
Q

Account

A

Financial records

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8
Q

Contract

A

A written agreement

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9
Q

Chain of Command

A

A series of ranks/positions where each has authority over the one below

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10
Q

Competitive Analysis

A

An evaluation of what makes your product or service unique and how it compares to competition

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11
Q

Corporation

A

Any group of persons United or regarded as united in one body

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12
Q

Collateral

A

Security pledged for the payment of a loan

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13
Q

Debt

A

Something that is owed

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14
Q

Equity

A

The interest/investment of the owner of common stock in a corporation

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15
Q

Demand

A

The quantity of goods that buyers will take at a particular price

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16
Q

Supply

A

The quantity of a commodity that is in the market and available