Business Terms Intermediate Quiz 5

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Quiz 5
1. Dividing a market into distinct groups of buyers.
2. Minimizing waste in production processes.
3. A characteristic that allows a company to outperform competitors.
4. The series of activities that create and build value.
5. Government use of taxation and spending to influence the economy.
6. Control of money supply and interest rates.
7. Managing communication between an organization and the public.
8. The quantity of a good or service available.
9. The desire and ability of consumers to buy a product.
10. A period of significant decline in economic activity.
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