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Business Vocabulary questions with answers.

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Business Vocabulary questions with answers.

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Business Vocabulary questions with
answers.

Business ANS - a commercial or industrial enterprise and the people who constitute it



Production ANS - the creation of value or wealth by producing goods and services



Finance ANS - the commercial activity of providing funds and capital



Supply ANS - offering goods and services for sale



Demand ANS - the ability and desire to purchase goods and services



Industry ANS - the organized action of making of goods and services for sale



Services ANS - work done for others



Effectiveness ANS - The degree to which the organization achieves a stated goal



Efficiency ANS - skillfulness in avoiding wasted time and effort



Total Quality Management ANS - a style of management based on customer satisfaction



Productivity ANS - the quantity of goods and services produced from each unit of labor input



Downsize ANS - A decrease in the number of employees

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