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DECA Vocab Week 6

DECA Vocab Week 6

AB
Domestic BusinessA business that sells its products only in its own country
Global BusinessA business that sells its product in more than one country
For-profit BusinessBusiness that seeks to make a profit from its operations
Non-profit BusinessA business that functions like a business but uses the money it makes to fund the cause identified in its charter
Private SectorBusinesses not associated with government agencies
Public SectorGovernment-financed agencies, such as the Environmental Protection Agency
WholesalersA business that obtains goods from manufacturers and resells them to organizational users, other wholesalers, and retailers
RetailersA business that buys goods from wholesalers or directly from manufacturers and resells them to consumers
ProductionThe process of creating, growing, manufacturing or improving on goods and servicesv
ManagementThe process of achieving company goals by effective use of resources through planning, organizing and controlling
FinanceThe function of business that involved money management
AccountingThe discipline that keeps track of a company’s financial situation


Cypress Bay High School
Weston, FL

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