TargetMarketA specific groupof consumersthat a businessaims to reachwith itsmarketing effortsSupplyThe amount of agood or servicethat producers arewilling and able tooffer for sale at agiven priceMarketResearchThe systematicgathering, recordingand analysis of dataabout consumers,competitors, andthe market ingeneralSoleProprietorshipA business ownedand run by oneperson, where theowner ispersonally liablefor all debts andobligationsLLCA limited liabilitycompany, a type ofbusiness structurethat offers liabilityprotection to itsowners, separatingtheir personal assetsfrom the businessResourcesThings that areavailable to beused, such asmoney, labor,materialsEconomicsThe study of howpeople makechoices aboutusing limitedresources tosatisfy theirunlimited wantsMarketingMix4 P's that acompanyuses tomarket to itstarget marketProfitThe financialgain madewhen revenueexceedsexpensesConsumerNeedsA factor thatmotivatesconsumersto buyproductsFranchiseA business modelwhere a franchisorgrants a franchiseethe right to operate abusiness using thefranchisor's brand,products, andoperating methodsDemandThe amount of agood or servicethat consumersare willing andable to buy at agiven priceDemographicsStatistical datarelating to thepopulation andparticular groupswithin it, especiallyconcerning age,gender, income, andeducationHardwareThe physical partsof a computersystem, such asthe keyboardmonitor, and harddriveInformationTechnologyThe use ofcomputers andother electronicdevices to store,process, andtransmitinformationRevenueThe total incomegenerated by abusiness fromits sales ofgoods orservicesNonprofitNot intendedto make aprofit; not forcommercialgainBrandingThe process ofcreating a uniquename, symbol, ordesign for a productor service todifferentiate it fromcompetitors and buildcustomer loyaltyConsumersPeople whobuy goodsand servicesfor personaluseSoftwareA set ofinstructionsthat tell acomputerwhat to doLiabilityThe state ofbeing legallyresponsibleforsomethingMarketingThe process ofcreating,communicating anddelivering value tocustomers andmanaging customerrelationships in waysthat benefit theorganizationE-CommerceThe buyingand selling ofgoods andservices overthe internetEntrepreneurshipThe activity ofsetting up abusiness, takingon financial risksin the hope ofprofitTargetMarketA specific groupof consumersthat a businessaims to reachwith itsmarketing effortsSupplyThe amount of agood or servicethat producers arewilling and able tooffer for sale at agiven priceMarketResearchThe systematicgathering, recordingand analysis of dataabout consumers,competitors, andthe market ingeneralSoleProprietorshipA business ownedand run by oneperson, where theowner ispersonally liablefor all debts andobligationsLLCA limited liabilitycompany, a type ofbusiness structurethat offers liabilityprotection to itsowners, separatingtheir personal assetsfrom the businessResourcesThings that areavailable to beused, such asmoney, labor,materialsEconomicsThe study of howpeople makechoices aboutusing limitedresources tosatisfy theirunlimited wantsMarketingMix4 P's that acompanyuses tomarket to itstarget marketProfitThe financialgain madewhen revenueexceedsexpensesConsumerNeedsA factor thatmotivatesconsumersto buyproductsFranchiseA business modelwhere a franchisorgrants a franchiseethe right to operate abusiness using thefranchisor's brand,products, andoperating methodsDemandThe amount of agood or servicethat consumersare willing andable to buy at agiven priceDemographicsStatistical datarelating to thepopulation andparticular groupswithin it, especiallyconcerning age,gender, income, andeducationHardwareThe physical partsof a computersystem, such asthe keyboardmonitor, and harddriveInformationTechnologyThe use ofcomputers andother electronicdevices to store,process, andtransmitinformationRevenueThe total incomegenerated by abusiness fromits sales ofgoods orservicesNonprofitNot intendedto make aprofit; not forcommercialgainBrandingThe process ofcreating a uniquename, symbol, ordesign for a productor service todifferentiate it fromcompetitors and buildcustomer loyaltyConsumersPeople whobuy goodsand servicesfor personaluseSoftwareA set ofinstructionsthat tell acomputerwhat to doLiabilityThe state ofbeing legallyresponsibleforsomethingMarketingThe process ofcreating,communicating anddelivering value tocustomers andmanaging customerrelationships in waysthat benefit theorganizationE-CommerceThe buyingand selling ofgoods andservices overthe internetEntrepreneurshipThe activity ofsetting up abusiness, takingon financial risksin the hope ofprofit

Intro to Business Semester Test Vocabulary - Call List

(Print) Use this randomly generated list as your call list when playing the game. There is no need to say the BINGO column name. Place some kind of mark (like an X, a checkmark, a dot, tally mark, etc) on each cell as you announce it, to keep track. You can also cut out each item, place them in a bag and pull words from the bag.


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  1. A specific group of consumers that a business aims to reach with its marketing efforts
    Target Market
  2. The amount of a good or service that producers are willing and able to offer for sale at a given price
    Supply
  3. The systematic gathering, recording and analysis of data about consumers, competitors, and the market in general
    Market Research
  4. A business owned and run by one person, where the owner is personally liable for all debts and obligations
    Sole Proprietorship
  5. A limited liability company, a type of business structure that offers liability protection to its owners, separating their personal assets from the business
    LLC
  6. Things that are available to be used, such as money, labor, materials
    Resources
  7. The study of how people make choices about using limited resources to satisfy their unlimited wants
    Economics
  8. 4 P's that a company uses to market to its target market
    Marketing Mix
  9. The financial gain made when revenue exceeds expenses
    Profit
  10. A factor that motivates consumers to buy products
    Consumer Needs
  11. A business model where a franchisor grants a franchisee the right to operate a business using the franchisor's brand, products, and operating methods
    Franchise
  12. The amount of a good or service that consumers are willing and able to buy at a given price
    Demand
  13. Statistical data relating to the population and particular groups within it, especially concerning age, gender, income, and education
    Demographics
  14. The physical parts of a computer system, such as the keyboard monitor, and hard drive
    Hardware
  15. The use of computers and other electronic devices to store, process, and transmit information
    Information Technology
  16. The total income generated by a business from its sales of goods or services
    Revenue
  17. Not intended to make a profit; not for commercial gain
    Nonprofit
  18. The process of creating a unique name, symbol, or design for a product or service to differentiate it from competitors and build customer loyalty
    Branding
  19. People who buy goods and services for personal use
    Consumers
  20. A set of instructions that tell a computer what to do
    Software
  21. The state of being legally responsible for something
    Liability
  22. The process of creating, communicating and delivering value to customers and managing customer relationships in ways that benefit the organization
    Marketing
  23. The buying and selling of goods and services over the internet
    E-Commerce
  24. The activity of setting up a business, taking on financial risks in the hope of profit
    Entrepreneurship