商务导论期末试题.docVIP

Matching Match the most appropriate term and explanation. Business Any activity that seeks to provide goods and services to others while operating at a point. Loss When a business’s expenses are more than its revenues. Profit The amount of money a business earns above and beyond what it spends for salaries and other expenses. Risk The chance an entrepreneur takes of losing time and money on a business that may not prove profitable. Stakeholders All the people who stand to gain or lose by the policies and activities of a business and whose concerns the business needs to address. Outsourcing Contracting with other companies(often in other countries)to do some or all of the functions of a firm, like its production or accounting tasks. Revenue The total amount of money a business takes in during a given period by selling goods and services. GDP The total value of final goods and services produced in a country in a given year. Invisible hand A phrase coined by Adam Smith to describe the process that turns self-directed gain into social and economic benefits for all. Capitalism An economic system in which all or most of the factors of production and distribution are privately owned and operated for profit. Supply The quantity of products that manufacturers or owners are willing to sell at different prices at a specific time. Demand The quantity of products that people are willing to buy at different prices at a specific time. Market price The price determined by supply and demand. Monopoly A degree of competition in which only one seller controls the total supply