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Business Terms

Test your knowledge of business terms that cover various aspects of business operations, finance, management, and economics.

Business Terms

Business Terms cover various aspects of business operations, finance, management, and economics.

1 / 12

What is the term for the process of comparing a company's performance, processes, or products against industry standards or competitors?

2 / 12

What is the strategy of expanding a company's product or service offerings or entering new markets to reduce risk?

3 / 12

Which financial statement summarizes a company's revenue and expenses over a period of time?

4 / 12

What is the legal right to intangible assets, such as patents, trademarks, and copyrights?

5 / 12

What term refers to the ease with which assets can be converted into cash without significantly affecting their market value?

6 / 12

Which department is responsible for managing personnel, including recruitment, training, and employee relations?

7 / 12

What is a market structure characterized by many firms selling differentiated products, allowing them some control over prices?

8 / 12

What is a measure of the efficiency or profitability of an investment?

9 / 12

What does CRM stand for?

10 / 12

What is the process of predicting future business conditions or financial performance based on historical data and analysis?

11 / 12

Which financial statement provides a snapshot of a company's assets, liabilities, and equity at a specific point in time?

12 / 12

What does ROI stand for?

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