DECA VOCAB

3. the owner of a franchise
4. demand exceeds supply
5. Transportation utilities and communication services necessary for a business
8. Values and principles that guide decisions
9. generally accepted accounting practice
10. occurs when supply exceeds demand
13. Occurs when a business focuses on meeting or having lower prices than the competitor
15. A business has a monopoly when there is no competition
18. money building or equipment that is used to run a business
19. business that is legally owned by two or more people jointly responsible for success or failure of a business
20. includes all the resources that are from the land sea or air

1. Field where a person provides the necessary skill, time, and money to start a new business venture
2. economic term for limited resources
6. Owner of the parent company that grants rights to use their name and products
7. Summary of education skills, experience, and references
8. people who create, start and manage new business
11. forms that gather info about potential employees
12. Meeting with a potential employer where they will ask you questions about you and your work experience
14. individual value as a stockholder within a company
16. includes all the resources of people at work
17. Overseeing the revenue, expenses, budgets, and financial statements of a business