Grade 10 - Business Study Guide Rated A+

Private corporation {Ans: up to 50 shares}Debt Financing {Ans: the act of getting financial loan usually a third party to get your business running. With the intent of giving the money back when your business starts making profit.}Foot traffic {Ans: the flow of consumers walking past or into a business location}Demand {Ans: level of want for a given product and service}Forecasting {Ans: the act of trying to anticipate the needs, realities, and challenges of a business in advance}Franchise {Ans: a business with MORE than one location. By a business relationship between the franchiser and the individual}obsolete products {Ans: not current/ out of style/ not in use}For profit businesses {Ans: a business that operates to earn money for its owners - sells goods and services.}Solvency {Ans: having ability to pay unpaid debts}Economic Competition {Ans: the contest/ rivalry between businesses selling products to a group of consumers.}Not for profit businesses {Ans: operate for purposes other than making a profit - raises funds for a specific goal}Law of Supply {Ans: the quantity supplied will increase as price increases and vise versa}Profit {Ans: Revenue - Expenses}Transation {Ans: the instance of