Consumers Gr 12 March Cycle

studied byStudied by 0 people
0.0(0)
learn
LearnA personalized and smart learning plan
exam
Practice TestTake a test on your terms and definitions
spaced repetition
Spaced RepetitionScientifically backed study method
heart puzzle
Matching GameHow quick can you match all your cards?
flashcards
FlashcardsStudy terms and definitions

1 / 20

encourage image

There's no tags or description

Looks like no one added any tags here yet for you.

21 Terms

1

Cash Flow Projection

A document that shows the movement of money over a future forecast period.

New cards
2

Financial Feasibility Study

A study that assesses whether a business will succeed based on costs and probable revenues.

New cards
3

Fixed Costs

Costs that remain constant regardless of the number of products produced, such as rent and salary.

New cards
4

Entrepreneur

A person who takes risks to start a business with the aim of making a profit.

New cards
5

Quality Control

The process of inspecting products to ensure they meet required standards.

New cards
6

Sustainable Profitability

A condition where a business consistently covers all expenses and generates profit over a long period.

New cards
7

Target Market

A specific group of people who are likely to purchase a product or service.

New cards
8

Break-even Point

The number of products a business needs to sell to cover all its expenses.

New cards
9

VAT (Value Added Tax)

A tax added to the price of certain goods and services, currently levied at 15%.

New cards
10

Excise Duty

A tax imposed on the manufacture and sale of specific goods, such as alcohol and tobacco.

New cards
11

Pyramid Scheme

A fraudulent money-making scheme based on recruiting an ever-increasing number of investors without selling actual products.

New cards
12

Multilevel Marketing

A legitimate business strategy where participants earn commission from sales made by their recruits in addition to their own.

New cards
13

Inflation

The rate of increase in prices over a given timeframe, typically measured by the Consumer Price Index (CPI).

New cards
14

Sustainable Consumption

Using resources in a way that meets current needs without compromising the ability of future generations to meet theirs.

New cards
15

Gas as an Energy Source

An energy source that minimizes pollution and carbon footprint, but comes with safety concerns and high initial costs.

New cards
16

Clean Water Supply

The provision of safe and potable water by a municipality as a basic service.

New cards
17

Eco-Friendly Products

Products designed to have minimal impact on the environment during their lifecycle.

New cards
18

Quality of Packaging

The appropriateness and attractiveness of a product's packaging that influences customer purchasing decisions.

New cards
19

Consumer Responsibilities

Actions taken by consumers to reduce waste by reusing and recycling products.

New cards
20

Human Skills

Personal attributes that enable effective interaction with others, including communication and self-motivation.

New cards
21

Community Needs

The requirements or desires of the local population that a business can satisfy with its products or services.

New cards
robot