Business Terminology Quiz

SWOT = Strengths, Weaknesses, Opportunities and Threats; a planning tool used to analyze an organization's strengths, weakness, opportunities and threats. What does SWOT stand for?

What does loan capital including also any overdraft (temporary negative balance) refer to?

What is a management function that includes anticipating trends and determining the best strategies and tactics to achieve organizational goals and objectives?

What studies the operation of a nation's economy as a whole?

What is the blending of four marketing elements—product, distribution, price, and promotion—known as?

Right to Private Property, Right to own a business and to keep that business profit after taxes, freedom of competition, and right to freedom of choice are basic rights under which system?

What does the leverage (debt) ratio measure?

Who are considered internal customers within a firm?

What is the highest level of management, consisting of the president and other key company executives who develop strategic plans?

What are goods that are not mass-produced but rather assembled individually or in small quantities called?