Create an account
a business owned and controlled by two o more people who have entered into a written agreement
a separate legal entity formed by documents filed with a state. It is owned y one or more shareholders and managed by a board of directors
a unique business organized by two or more other businesses to operate for a limited time and for a specific project. It is a type of partnership
a short, specific written statement of the reason a business exists and what it wants to achieve
a written description of the business idea and how it will be carried out, including all major business activities
the process of accomplishing the goals of an organization through the effective use of people and other resources
top-level managers with responsibilities for the direction and success of the entire business
find solutions to problems through carefully designed studies involving customers
Channel of Distribution
the route a product follows and the businesses involved in moving a product from the producer to the final consumer
any paid form of communication through mass media directed at identified consumers to provide information and influence their actions
any form of communication used to inform, persuade, or remind; communicating information about products and services to potential customers
a form of risk protection that exchanges the uncertainty of a possible large financial loss for a certain smaller payment
an agent who represents the insurance company and sells insurance policies to individuals and businesses
an insurance plan that provides medical and survivor benefits for people injured, disabled, or killed on the job
a risk that can result in financial loss, including personal risk, property risk, and liability risk
when a risk is not common or if it is impossible to predict the amount of loss that could be suffered
the large number of people born between 1946 and 1964; they have dominated the labor market since they began working in the 1960s
a diagram that shows the structure of an organization, classifications of work and jobs, and the relationships amount those classifications
Functional Organizational Structure
work is arranged within main business functions such as production, operations, marketing, and human resources. All of the people with jobs related to one of the functions will work together.
Matrix Organizational Structure
work is structured around around specific projects, products, or customer groups. People with varied background are assigned together because their expertise is required for the projector to serve the customer
responsible for the work of a group of employees; plan day-to-day work of the employees they supervise
communication methods that have been established and approved by the organization
communication- common but unofficial was that information moves in an organzation
communication between those inside the organization and outsiders such as customers, suppliers, etc
communication moves up or down an organization between management and employees
communication moves across the organization at the same level- employee to employee or manager to manager
ability to get others to accomplish tasks because of the position the leader holds
arise when group members recognize that the leader has special expertise in the area
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