Refers to the percentage of civilians at least 16 years old who are unemployed and
tried to find a job within the prior four weeks
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Unemployment rate
,a process designed to reduce the number of new-product ideas being worked on at
any one time
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Product screening
is a group of products that are physically similar or intended for a similar market
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A product line
One firm owns all the organizations in the channel of distribution
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Corporate distribution system
Bring buyers and sellers together and assist in negotiating an exchange but never
own the goods. Usually do not carry inventory, provide credit or assume risks
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Agents/brokers
, the process used to determine profitability at various levels of sales
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Break-even analysis
Used to describe the process that turns self-directed gain into social and economic
benefits for all
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Invisible hand
products that consumers are unaware of, haven't necessarily thought of buying, or
find that they need to solve an unexpected problem
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Unsought goods and services
Individuals or households that want goods and services for personal consumption or
use and have the resources to buy them
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tried to find a job within the prior four weeks
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Unemployment rate
,a process designed to reduce the number of new-product ideas being worked on at
any one time
Give this one a try later!
Product screening
is a group of products that are physically similar or intended for a similar market
Give this one a try later!
A product line
One firm owns all the organizations in the channel of distribution
Give this one a try later!
Corporate distribution system
Bring buyers and sellers together and assist in negotiating an exchange but never
own the goods. Usually do not carry inventory, provide credit or assume risks
Give this one a try later!
Agents/brokers
, the process used to determine profitability at various levels of sales
Give this one a try later!
Break-even analysis
Used to describe the process that turns self-directed gain into social and economic
benefits for all
Give this one a try later!
Invisible hand
products that consumers are unaware of, haven't necessarily thought of buying, or
find that they need to solve an unexpected problem
Give this one a try later!
Unsought goods and services
Individuals or households that want goods and services for personal consumption or
use and have the resources to buy them
Give this one a try later!
