Business Terminology

3. looks at the operation of a nation's economy as a whole
5. the study of how society chooses to employ resources to produce goods and services and distribute them for consumption among various competing groups and individuals
6. an electronic storage file for information
7. one company's purchase of the property and obligations of another company
8. a legal entity with authority to act and have liability apart from its owners
10. insiders who report illegal or unethical behavior
11. people with unsatisfied wants and needs who have both the resources and the willingness to buy
14. buying products from another country
15. a person who buys a franchise
17. the result of two firms forming one company
19. the quantity of products that manufacturers or owners are willing to sell at different prices at a specific time
20. the chance an entrepreneur takes of losing time and money on a business that may not prove profitable
22. the price determined by supply and demand
23. tangible products such as computers, food, clothing, cars, and appliances
24. selling products in a foreign country at lower prices than those charged in the producing country
26. a legal form of business with two or more owners

1. the sum of government deficits over time
2. a person who risks time and money to start a business
4. centers that offer new businesses low-cost offices with basic business services
9. creative people who work as entrepreneurs within corporations
12. standards of moral behavior that is, behavior accepted by society as right versus wrong
13. the quantity of products that people are willing to buy at different prices at a specific time
16. lowering the value of a nation's currency relative to other currencies
18. any activity that seeks to provide goods and service at a profit
21. the buying and selling of good online
25. a tax imposed on imports