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BUSINESS GLOSSARY 7

AB
BUSINESS ETHICS:The basic principles that govern a business’s actions
BUSINESS/FEASIBILITY ANALYSIS:Examining such factors as demand, costs, competition, capital investment required, and potential profit of a product or service to determine how it will fit into the company’s product mix
BUSINESS IMAGE:The view or opinion that customers have about a business.
BUSINESS PLAN:A company’s blueprint for success; shows how the business works now and how it is intended to work in the future; the written business model.
BUSINESS RISK:The possibility of loss (failure) or gain (success) inherent in conducting business
BUSINESS SECTOR:A segment of the economy that does not include government, private citizens, or nonprofit institutions
BUYER'S MARKET:The best time for consumers to buy; characterized by large supply, small demand, and low prices.
SELLER'S MARKET:The best time for producers to sell; characterized by large demand, small supply, and high prices


Business Marketing Teacher, Career Technical Education
CENTRAL CABARRUS HIGH SCHOOL
Concord, NC

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