Bank Savings Account
account you have with a bank that pays interest on funds.
a document which outlines a business' goals and strategies and shows the start-up and growth of a business.;a complete and detailed overview of a business.
is vital in customer service and employee management; involves being able to clearly carry out the communication process.
building a specific and unique products to meet the needs of one customer.
Home Based Businesses
conducted from the owner's home; can have an image which is just as professional as a large corporation.
recurring amounts at a specified time, such as annually.
fee paid to use money; usually expressed as a percentage; can be thought of as the price "paid" to rent money.
conduct business by means of the internet; have the pontential to attract a huge number of customers due to their ease of accessibility.
the ability of an individual to influence, motivate and enable others to contribute toward the effectiveness and success of the organization.
comprises the dircting and controlling of a group of people for the purpose of coordinating and harmonizing the group toward accomplishing a goal.
combining raw materials and processed goods into finished products.
an assembly process that makes a large number of identical products using a continuous efficient procedure.
customer must pay for product or service.
required in order for a business to achieve goals; involves an organizational structure, a business plan, and a set of strategic guidelines.
the amount invested.
an economic system based on independent decisions by businesses and consumers with only a limited government role regulating those relationships.
the activities, equipment, and resources needed to manufacture a product.
the chance of fluctuation in a return; in general, the higher therisk the higher the rate of return.
business that carries out activities that are consumed by it's customers.
dominate the American economy; offer non-tangible to customers which enhance a customer's well-being.
activities that are consumed at the same time they are produced.
the operating policies and procedures.
allows an individual to understand the exact process of a task and enables them to explain and demonstrate to others.
an individual view of the worth of a product or service.