Class 7, October 17

 By Nate Feldman

Unit 3: Vocabulary 

Apparel = clothing

Profits = when your business makes more money than it spends

Founded = when the company was started

Ex. ELS was founded in 1961.

Headquarters = the central location of a company

Brands = are a type of product

Executive = having the power to put plans into action

Competitive = something that has a lot of competition

Ex. Many people want to go to Harvard, but its very competitive. 

Competitor = is a person you compete against

Marketing = promoting your service

Shortage = a lack of supplies; not enough of supplies

Merchandise = things you sell

Serves as a reminder = shows you that something is true

Deviates from the norm = does something unique from others

Miss the boat = you didn’t do something when it was popular or available

Like clockwork = happening automatically all of the time

From scratch = from the total beginning

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