A | B |
the middle number in the range of values | median |
assembly process that produces a large number of identical products | mass productions |
a group of people who offer opinions about a product or service | consumer panel |
form of production in which raw and semi- finished materials are processed, assembled, or converted into finished products | manufacturing |
businesses that sell directly to final consumers | retailer |
businesses that buy products from another business and sell them to retailers or other businesses | wholesalers |
the activities between business and customers involved in buying and selling goods and services | marketing |
products designed for use by another business | industrial good |
the difference between the selling price and the cost of the goods sold | margin |
the amount remaining after subtracting all expenses from revenue except taxes | net profit |