LEMONADE WAR THEMED

vocab posters
FOR ECONOMIC VOCABULARY
Includes
PDF and
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 slump
a drop in the
activity of a
business or the
economy
 breakup
a dissolution of a
unit, an
organization, or a
group of
 Joint venture
two or more people
joining forces to sell a
certain amount of goods or
to work on a single
project. When the goods
are sold or the project is
 partnership
two or more people
pooling their money,
skills, and resources to
run a business, agreeing
to share the profits and
losses of that business
 competition

rivalry in the
marketplace
 underselling
pricing the same
goods for less
than the
competition
 location
real estate term that
refers to the position
of a piece of real
estate as it relates to
the value of that real
 global
throughout the
world; refers to
expanding one’s
market beyond the
immediate area of
 negotiation
a method of
bargaining so that
you can reach an
agreement
 malicious mischief
the act of purposely
destroying the
property of someone
else’s business
 total loss
goods so damaged
that there’s no point
in repairing them (or
they can’t be
repaired at all)
 waiting period
a specified delay,
required by law,
between taking an
action and seeing
the results of that
 crisis
management
special or
extraordinary
methods and
procedures used
 reconciliation
the act of bringing
together after a
difference, as in to
reconcile numbers
on a balance sheet;
 Economic term
definition
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Late Is My
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