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Business Management Marketing
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Chapter 1 Vocabulary
Terms in this set (13)
Management
the process of deciding how best to use a business's resources to produce goods or provide services
Senior Management
highest level of management that set the goals and directions of a business
Middle Management
responsible for meeting the goals that senior management sets
Supervisory Management
lowest level; make sure that the day-to-day operations of business run smoothly
Role
a set of behaviors associated with a particular job
Conceptual Skills
the skills that help managers understand how different parts of a business relate to one another and to the business as a whole
Human Relations Skils
the skills managers need to understand and work well with people
Technical Skills
the specific abilities that people use to perform their jobs
Principle
a basic truth or law
Glass Ceiling
the problems women and minorities have had winning promotions to senior management positions
Professional Manager
senior, middle, and supervisory managers. they are paid to perform management functions within a company
Entrepreneur
people who launch and run their own businesses
Small Business
a company that is independently owned and operated
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