DECA chapter 5 vocab

5. obtain goods from manufacturer and resell them to organizational users other wholesalers and retailers.
7. consumer willingness and ability to buy products
9. buys good from wholesaler or manufacturer and resells them to consumers
10. government financed agencies
12. businesses not part of government agencies
14. the dicipline that keeps track of a companies financial sitution
15. the process of creating, growing, manufacturing, or improving products
18. business that sells its products in many countries
19. the money earned after all expensive from a business
20. the sale price of a product
21. the function of business that involves money management
23. the amount of goods producers are willing to make and sell
24. business ownership by ordinary people, not the government
25. the struggle for customers

1. the demand for consumers good or services
2. businsses choose to compete on the basis of factors other than price
3. seeks to make a profit from its operations
4. uses the many it makes to fund its cause
6. the potential for loss or failure
8. a business that sells products only in its country
11. a group of businesses that are engaged in the same product or good
12. on an invention, you alone own the rights to that item or idea
13. word, name, symbol, sound, or color, that identifies a good or service
16. the process of running a business by effective use of resources through planning organizing and controlling
17. exclusive control over a product or the means of producing it
22. anything that is authorized by and individual, such as writings, music, artwork