What roles does goverment play in buisness?
Provider of services, customer, regulator, enforcer of free enterprise, and monitor of the economy
What is the USDA?
U.S department of agriculture
When the legislative or executive branches enact laws or regulations the negativley affect businesses, thoes businesses may appeal to the judical branch
the process of exchanging messages between a sender and a reciver
Are the avenues through which messages are delivered ex.(face to face)
A recivers response to a message ex.(when a boss asks you to write a report you will ask questions thoes questions are feedback)
Obstacles that interfere with the understanding of a message ex.(such as using vague or unclear language or a language thats not familar to the reciver.
The circumstance under which communication takes place ex.(Sales person trying to explain electronics when there in the kitchen section)
are things that compete with the message for the listener's attention.
Biases against the senders opinions that prevent a listener from understanding.
Specialized vocabulary used by members of a particular group.
Selling additional good's or services to the customer.
Customer relationship Management
involves finding customers and keeping them satisfied.
Technology, Maintaining Contact, Maintaining relationships, Developing customer loyalty, Customer loyalty and reward programs.
Organized ay a nation provideds for the needs and wants of its people
Resources and factors of production
resources are all the things used in producing good's and services. Economists use factor production that includes land, labor, capital, and enterprenuership
Physicasl development of a country ex( roads ports sanitation facilities and utilities
refers to the skilld of people who are willing to invest their time and money to run a business.
The diffrence between wants and needs and avalible resources.
traditions and rituals answer the basic question of what how and for whom?
A pure market economy there is no goverment involvement in economic decisions
a system in which a countrys goverment makes economic decisions and decideds what when and how much will be produced and distributed
Listening fro understanding is one of the most valuble communication skills
The active and mental process of reciving and understanding a message Reading skills are essentail in job interviews
In marketing speaking has applications in customer relations presenting marketing plans and television advising
Much business and marketing communication is in written form. A written message is neccasary when there is a large volume of material and when presenting it verbally would be impractical.
to convince Persuasive Speaking is when you target your audience and convince them to change their preception.
Listing items in order this is usually used when giving directions or explaining a process by steps
a statement that is accepted as true by most people Speakers support generalization with evidence and examples
The pattern generally associated with cause and effect
Non verbal cues can be associated with enhancing presentation and body and eye contact
Personal financial statement
is the summary of your current personal financial condition-a snapshot of your finances
Is anything of monetary value that you own such as, cash, checking and savings accounts
A debt you owe to others such as a credit card debt, school loans, car payments, or taxes
the diffrence between your assets and your liablitys. to find a busineses networths subtract its debts from its assets.
Start up costs
are projections of how much money you will need for your first year of operation
a summary of income and expenses during a specific period of time.
How does assessing help
by assessing start up costs before getting involved in a project you are protecting yourself and helping to ensure the viability of the business
Dont use your money for any other purspose set aside the money in the right places for you
total sles for any period of time
the total sales returns disscounts and allowances is subtracted from gross sles to get net sles
is the amount left over after the total expenses are subtracted from the gross profit
is the money paid for the use of money borrowed or invested
you will pay intrests on any amount of money that you borrow to start your busnies. the amount you borrowed is called the principal
is a summary of a business assets liabilities and owner equity
cash flow statement
a monthly plan that tracts when you anticipate that cash will come into the buisness and when you expect to pay out cash
A good amount you may want to list this amount as zero in your buisness plan
lenders use a ratio analysis to determine how a buisnes is preforming as compared to other buisnesses in the industry