Business Terms

2. An in-depth interview with a group of target customers who provide valuable ideas on products or services.
3. Any activity related to the purpose of making a profit.
4. Process that creates, manufactures, grows, or improves a good or service.
6. The basic concepts and principles of moral or good behavior.
7. The activity of setting up a business or businesses, taking on financial risks in the hope of profit.
10. Marketing is involved whenever a product is sold.
11. A list of questions to ask your customers to find out demographic and psychographic information.
12. Effectively using the company’s resources by planning, organizing and controlling them to achieve the company’s goals
14. Shows the internal structure of an organization or company.
15. The international marketplace, where products and services compete with all other countries and companies.
16. Involves the exchange of goods and services between nations.
17. The money that is used to operate a business. It can also mean borrowing money to facilitate business.

1. Countries need to get some of their goods and services from other countries.
5. Data found in already-published sources.
8. Introducing something new or making changes in anything established.
9. Information collected for the very first time to fit a specific purpose.
13. A system for collecting, recording, and analyzing information about customers, competitors, goods, and services.