Key words Flashcards
1
Q
Business Activities
A
Actions undertaken by a business to produce goods or services
2
Q
Retail Customers
A
People who buy from retail
3
Q
Business Customers
A
Businesses buying from others
4
Q
Business Aims
A
Goals and objectives of a business
5
Q
Economies of Scale
A
When a business produces more goods, it can lower the cost of making each item
6
Q
Recession
A
A significant decline in economic activity
