Business Management: Nouns and Adj
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27 terms
Terms | Definitions |
|---|---|
 features | characteristics |
| objective | the lens or system of lenses nearest the object being viewed |
| distinctions | differences |
| economy | an act of economizing |
| environment | the area in which something exists or lives |
| business ethics | The use of ethics in making business decisions |
| socially responsible management | Socially responsible management is managing an organisation in such a way that the broader social welfare of the community is taken into consideration when making business decisions. |
| impact | influencing strongly |
| stakeholders | any persons or groups who will be affected by an action |
| classification | the act of distributing things into classes or categories of the same type |
| profit | the advantageous quality of being beneficial |
| repetition | the act of doing or performing again |
| regularity | the quality of being characterized by a fixed principle or rate |
| industry | the organized action of making of goods and services for sale |
| employment | the occupation for which you are paid |
| employee | a worker who is hired to perform a job |
| franchise | a business established or operated under an authorization to sell or distribute a company's goods or services in a particular area |
| organisation | the act of forming something |
| income | the financial gain (earned or unearned) accruing over a given period of time |
| expenses | an expense is an outflow of money to another person or group to pay for an item or service, or for a category of costs. |
| motivation | the act of motivating |
| innovation | the act of starting something for the first time |
| charity | a kindly and lenient attitude toward people |
| foundation | the act of starting something for the first time |
| policies | guidelines used in making consistent decisions |
| factors | Numbers that are multiplied together to get a product |
| entrepreneur | someone who organizes a business venture and assumes the risk for it |
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