What are the 4 P’s of Marketing? - Product, Price, Place and Promotion, What are the 4 stages of the business cycle? - Expansion, Peak, Recession, Trough, What is a business asset? - Valuable property owned by a business, What is a business liability? - A responsibility, like a debt, What is a producer? - The job that provides the raw materials, What is an intermediary? - A company that acts as a link between a producer and the customers, _________________ = Assets + Owner’s Equity - Liabilities, When Revenue - Expenses = (A positive number), it is Net ___________ - Income, What is an example of a good? - Groceries and Food, What is an example of a service? - Chiropractors and Barbers, ​​Each employee has one person they report to and does not jump ahead of this person. This is called a: - Chain of Command, What company did we watch a video about business ethics? They were a major energy company that knowingly made accounting errors - Enron, Are all unethical decisions illegal? - No, you can be immoral without being illegal, When should you arrive before an interview? - 15 minutes, What is internal business communication? - Employee-to-Employee, What are the 4 communication styles & How are they different? - Assertive, Aggressive, Passive, Passive-Aggressive, What communication style do teenagers often use towards their parents to get their way? - Passive-Aggressive, How can someone be discriminated against in the workplace? - Not being hired or treated differently because of Race, Gender, Age, or Disability, What information is included in a resume? - Contact Info, Skills, Education, Summary Statement., Example of a correctly formatted address - John Doe (ENTER) 1234 Example Ave (ENTER) Fake, ST 9876,

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