Business Study Guide

3. Helps small businesses start and grow
5. Defined by: Firm revenue Ranges from 1 million to over 40 million Employment 100 to over 1,500 employees
8. A significant decline in economic activity that spread across the whole economy
10. Introduction, growth, maturity, & decline
11. A system that figures out what everyone salary should be
12. when an organization recruits a third party supplier to conduct operations from an outside country
13. A law to protect crop reactions from accounting fraud
15. When the product is in the place that the customer needs it
16. A corporation that works with offices in different countries
17. Showing business how to focus on more the profit like social issues
19. The process of making connections and building relationships
20. How many reports a manager or a supervisor has

1. Money lost while the inventory of stock
2. A way to recruit people outside if the workplace
4. Introducing new employees to the company
6. pricing strategy where new products are priced high and when competitors join the market, they lower the price
7. The total set of a product or service
9. A good that is sold under a certain name or brand
14. The North American Free Trade Agreement between Canada, USA, and Mexico
18. the owner's rights to the assets of the business