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Business Vocabulary

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Business - Answer a commercial or industrial enterprise and the people who constitute it Production - Answer the creation of value or wealth by producing goods and services Finance - Answer the commercial activity of providing funds and capital Supply - Answer offering goods and services for sale Demand - Answer the ability and desire to purchase goods and services Industry - Answer the organized action of making of goods and services for sale Services - Answer work done for others Effectiveness - Answer The degree to which the organization achieves a stated goal Efficiency - Answer skillfulness in avoiding wasted time and effort Total Quality Management - Answer a

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