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More cards in this set
Card 6
Front
The value of sales in a time period, calculated by price x quantity
Back
Card 7
Front
The quantity of a good or service a consumer would like to buy at a given price in a time period
Back
Card 8
Front
Where changing the price of a product by a certain amount leads to smaller change in demand
Back
Card 9
Front
A good or service that a consumer views as essential
Back
Card 10
Front
A good or service which is a possible alternative to another good or service
Back
Card 11
Front
Where changing the price by a certain amount results in a bigger change in demand
Back
Card 12
Front
Groups which are interested in the performance of a business
Back
Card 13
Front
The owners of a limited company. They buy shares which represent part ownership of the company
Back
Card 14
Front
The body which investigates cases where firms merge or are taken over decide whether such activity is in the public interest
Back
Card 15
Front
The payments made to shareholder from the profits of a company
Back
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