41. Inflation: the steady rise of prices and wages.
42. International Trade: trade with other nations.
43. Interstate Commerce Act: established the Interstate Commerce Commission.
44. Joint Venture: a business enterprise in which two or more companies enter a temporary partnership.
45. Laissez-Faire Leadership Style: the leader provides little or no direction to the followers.
46. Leadership: the position or function of a leader
47. Leadership Style: how a leader chooses to lead his team.
48. Line-and-Staff: Delineation of organizational authority between management personnel (staff) having overall planning and direction responsibilities and operational personnel (line) having direct job performance responsibilities. Staff is advisory to the line function.
49. Management Functions: the things required by management to do to keep the company at its best.
50. Market Segmentation: a subgroup of people or organizations sharing one or more characteristics that cause them to have similar product needs.