Glossary

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consumers

Subject: 

  • Business Studies

(also called customers) people who buy goods and services offered by the business in order to satisfy their needs and wants.

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grading
Subject:
Business Studies

agricultural products being given grades according to their characteristics.

asset
Subject:
Business Studies

anything of value that is owned by individuals or businesses, such as shares or property.

buying power
Subject:
Business Studies

the ability of consumers to buy goods and services.

tendering
Subject:
Business Studies

a formal written offer to supply specified goods or services at a stated cost or rate.

Founding Statement
Subject:
Business Studies

document drawn up by members of a close corporation.