Business Vocabulary
1. A statement of assets and liabilities.
2. The point at which revenues are equal to expenses.
3. The methods and activities employed to create goodwill for a person or institution.
4. The flow of materials, information, and finances as they move in a process from supplier to manufacturer to wholesaler to retailer to consumer.
5. A process in which a company compares its products and methods with those of the most successful companies in its field, in order to try to improve its own performance.
6. Definition of the area of legitimate operation for an institution. It succinctly states why an organization has been created.
7. In e-business, B2C stands for:
8. Limits on the amount of foreign goods that can be imported.
9. Which one is not a synonym?
10. The ongoing evaluation and change of processes, products, programs and services to make them work better.
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