an economic system based on private ownership of real/personal property

raw materials from the earth

lets all stakeholders be involved in the decision making process

when sales grow at a rapid pace and then begin to level off

Trucking, Rail Transportation, Water Transportation, Pipelines, Air Transportation

profit, private ownership, competition

leading a group of individuals in an organization

using resources effectively to accomplish organizational goals and objectives

when sales begin to fall

money that an individual or business recieves in exchange for providing a good or service

one country can produce a good/service more efficiently than other countries

the leader runs everything; doesn't care what employees think

a penalty for disobeying rules or laws

a written guarantee issued to the purchaser of a product/service promising to repair or replace the product/service if necessary within a specified period of time

income recieved from salaries, wages, tips

the difference between a country's imports and exports

everything is run by the book; layers and layers of management

when the product is first introduced to the marketplace

distinguishing products from similar products in the marketplace

income before taxes

Commercial Business, Manufacturing Business, Industrial Manufacture

the leader is very enthusiastic in leading their team

when the price and promotion are emphasized

age, ethnicity, gender

income after taxes