Marketplace: Corporate Leap Frog
Glossary terms from:
Using advertisements (public notices, displays or presentations often based on celebrity endorsements, appeals to authority, bandwagon effects and attractive imagery) to promote the sale of goods or services.
Any activity or organization that produces or exchanges goods or services for a profit.
Attempts by two or more individuals or organizations to acquire the same goods, services, or productive and financial resources. Consumers compete with other consumers for goods and services. Producers compete with other producers for sales to consumers.
People who use goods and services to satisfy their personal needs and not for resale or in the production of other goods and services.
A conclusion reached after considering alternatives and their results.
A piece of work usually done on order at an agreed-upon rate. Also a paid position of regular employment.
Competition by firms trying to attract customers by methods other than reducing prices; examples include advertising and promotional gifts.
The amount of money that people pay when they buy a good or service; the amount they receive when they sell a good or service.
A good or service that can be used to satisfy a want.
Activities performed by people, firms or government agencies to satisfy economic wants.
An ownership share or shares of ownership in a corporation.
Effort applied to achieve a purpose or result, often for pay; skills and knowledge put to use to get something done; employment at a job or in a position; occupation, profession, business, trade, craft, etc.