Commerce glossary

4. the giving up of something of value
7. the buying and selling of information/goods/services online
9. a legally binding agreement
11. a business that sells products directly to consumers
14. a product fit for purpose, acceptable in appearance and finish, free from defects, safe and durable
18. items that you can see/touch
19. things that we would like to have but are not necessary for survival
20. things done for you by others
21. swapping/exchanging one good for another

1. the ways of getting the product to the customer
2. a list of income and likely expenditures
3. token with an agreed value that people accept as payment in exchange for goods/services
5. money received regularly from work, property, business, investment, welfare payments
6. the buying and selling of goods/services between individuals and businesses
8. extra money you have to pay back when borrowing money
10. things necessary for survival
12. someone who buys goods/services to satisfy needs and wants
13. when the offeree agrees to the proposal
15. remains after all business expenses are deducted from sales revenue
16. any organisation that produces and sells goods/services to make a profit
17. illegal business practices