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Level Five Academy

Vocab Quiz Builder

Turn the AP Business glossary into a classroom-ready vocabulary quiz, drawn from 274 CED terms across all five units. Pick a unit and lesson, choose your formats, then print, copy, or email it with an answer key.

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274 terms in scope

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I. Matching

Match each term to its definition. Write the number of the correct definition in the blank beside each term.

  • A. Employee benefits
  • B. Personal selling
  • C. Growth stage
  • D. Porter's Five Forces
  • E. Business
  • F. Operating profit margin
  • G. Financial accountant
  • H. Strategy
  • I. Entrepreneur
  • J. Problem-solution fit
  1. 1. The point at which a product genuinely answers a real customer problem, need, or want. Since no business can serve everyone, firms pick which problems and customers to focus on.
  2. 2. A plan for reaching a goal; business strategy lays out how a firm will win advantage, grow revenue, cut costs, or fulfill its mission.
  3. 3. Operating profit divided by revenue — a gauge of how well a business runs and controls operating costs.
  4. 4. Someone who launches a new business, taking on its risks in hope of its rewards.
  5. 5. Michael Porter's framework for sizing up a market's competitiveness and profit potential through five forces.
  6. 6. One-on-one selling that gives a customer detailed information or a demonstration, often with a sales pitch.
  7. 7. The non-wage parts of an employee's pay package, such as health insurance contributions, retirement savings, disability coverage, tuition help, and paid time off.
  8. 8. An accountant who reports financial information mainly to outsiders — shareholders, investors, and lenders.
  9. 9. The life-cycle stage where sales and revenue climb at a faster pace, rivals start showing up, and marketing shifts toward differentiating the product and building the brand.
  10. 10. An organization that makes and delivers products — goods, services, or both — to the people it serves. Businesses range from a one-person shop to a global firm and can serve customers in person or online.