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Study sets matching "business essentials"

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Study sets matching "business essentials"

9 terms
Business Essentials
Wants
Needs
Goods
Services
are things that you do not have to have to survive.
are things that you must have in order to survive.
are physical products.
are tasks that businesses perform for consumers.
Wants
are things that you do not have to have to survive.
Needs
are things that you must have in order to survive.
23 terms
Business Essentials
Shareholders
Financial Plan
Balance Sheet
Assets
The owners of a company who buy shares, or parts, of the comp…
A description of a business's start-up costs, operating expen…
A summary of a business's assets, liabilities, and owner's of…
Anything of value that a person or business owns.
Shareholders
The owners of a company who buy shares, or parts, of the comp…
Financial Plan
A description of a business's start-up costs, operating expen…
40 terms
Business Essentials Module 1
Good morning, AIC Computing.
How can I help you?
Can I / could I speak to Mr Watson, pl…
Can I / Could I have extension 47, ple…
Bonjour, vous êtes chez AIC Computing.
Que puis-je faire pour vous ?
Est-ce que je peux / je pourrais parler à M. Watson ?
Est-ce que je pourrais avoir le numéro interne 47 ?
Good morning, AIC Computing.
Bonjour, vous êtes chez AIC Computing.
How can I help you?
Que puis-je faire pour vous ?
86 terms
Business Essentials
Services
Public wants
Private wants
Factors of production
Performed by humans or machines
Roads, education
Shared by small groups
Resources used to produce good/services
Services
Performed by humans or machines
Public wants
Roads, education
29 terms
Business Essentials - Chapter 1
Needs
Wants
Goods
Services
things that are required in order to live
things that add comfort and pleasure to your life
tangible things or things that you can touch
intangible things or activities that are consumed at the same…
Needs
things that are required in order to live
Wants
things that add comfort and pleasure to your life
259 terms
Business Essentials
Discuss
Journalist
Article(magazin / Newspaper)
Arrange
Besprechen
Journalist
Artikel
organisieren
Discuss
Besprechen
Journalist
Journalist
12 terms
Business Essentials
Balance of Trade
tariff
Exchange Rate
Exports
Difference between a country's total export and total imports
Tax that a government places on certain imported products
The value of a currency in one country compared with the valu…
Goods and services sold to other countries
Balance of Trade
Difference between a country's total export and total imports
tariff
Tax that a government places on certain imported products
24 terms
Business essentials
Globalizati
Import
Export
NAFTA
Process by which the world economy is become a independent sy…
Product made or grown abroad but sold domestically
Product made it grown abroad but shipped and sold
Agreement to gradually eliminate tariffs and other trade barr…
Globalizati
Process by which the world economy is become a independent sy…
Import
Product made or grown abroad but sold domestically
20 terms
Business Essentials
Economic System
Services
Command Economy
Opportunity Cost
the method a country uses to answer the three economy questions
activities provided for the satisfaction of others that are c…
the resources are owned and controlled by the government
the value of the next-best alternative that you were not able…
Economic System
the method a country uses to answer the three economy questions
Services
activities provided for the satisfaction of others that are c…
Business Essentials: Chapter 1
B2B
B2C
Socialism
Capitalism
a transaction between businesses (business selling to busines…
a transaction between business and individuals (consumers, cl…
a kind of command economy in which government owns and direct…
an economic system in which markets determine what to produce
B2B
a transaction between businesses (business selling to busines…
B2C
a transaction between business and individuals (consumers, cl…
Business Essentials: Chapter 4
Nascent Entrepreneurs
Small Business
New Venture
Entrepreneur
People who are trying to start a business from scratch.
An independently owned and managed business that does not dom…
A recently formed commercial organization that provides goods…
A business person who accepts both the risks and the opportun…
Nascent Entrepreneurs
People who are trying to start a business from scratch.
Small Business
An independently owned and managed business that does not dom…
Business Essentials: Chapter 2
External Environment
Organizational Boundary
Economic Environment
Aggregate Output
Everything outside an organization's boundaries that might af…
That which separates the organization from the environment.
Conditions of the economic system in which an organization op…
Total quantity of goods and services produced by an economic…
External Environment
Everything outside an organization's boundaries that might af…
Organizational Boundary
That which separates the organization from the environment.
63 terms
BUSINESS ESSENTIALS
Global economy
International trade
Global strategy
Multinational strategy
Interconnected economies of nations throughout the world
Trade between nations AKA globalization
Same product sold throughout the world
Product differs based on location and customs
Global economy
Interconnected economies of nations throughout the world
International trade
Trade between nations AKA globalization
29 terms
Business Essentials - Chapter 15
Arbitration
Brand
Brand name
Class action suit
a third-party action resulting in a decision that is legally…
a name given to a product or service to distinguish it from o…
a unique identification for a company's products.
a legal action by one party on behalf of a group of people wh…
Arbitration
a third-party action resulting in a decision that is legally…
Brand
a name given to a product or service to distinguish it from o…
17 terms
Business Essentials - Chapter 6
Business plan
Entrepreneur
Entrepreneurship
Improvement
a written description of the business idea and how it will be…
someone who takes a risk in starting a business to earn a pro…
the process of starting, organizing, managing, and assuming t…
a designed change that increases the usefulness of a product,…
Business plan
a written description of the business idea and how it will be…
Entrepreneur
someone who takes a risk in starting a business to earn a pro…
39 terms
Business Essentials - Chapter 18
Annual percentage rate (APR)
Bankruptcy
Budget charge account
Capacity
the percentage cost of credit on a yearly basis.
the legal process of reducing or eliminating an amount owed.
a credit agreement that requires a customer to make payments…
a person's ability to pay a debt when it is due.
Annual percentage rate (APR)
the percentage cost of credit on a yearly basis.
Bankruptcy
the legal process of reducing or eliminating an amount owed.
44 terms
Business Essentials - Chapter 17
Automatic bill payment
Automatic teller machine
Bank money order
Bank reconciliation
a service by which a bank deducts a payment from your account…
a computerized device that allows customers to make bank tran…
a form sold by a bank stating that money is to be paid to a s…
the document created to show how your own record of your chec…
Automatic bill payment
a service by which a bank deducts a payment from your account…
Automatic teller machine
a computerized device that allows customers to make bank tran…
34 terms
Business Essentials - Chapter 7
Controlling
Core values
Ethical business practices
Ethics
determines to what extent the business is accomplishing the g…
the important principles that guide decisions and actions in…
practices that ensure the appropriate standards of conduct ar…
principles of morality or rules of conduct.
Controlling
determines to what extent the business is accomplishing the g…
Core values
the important principles that guide decisions and actions in…
21 terms
Business Essentials
Entrepreneur
Entrepreneurship
Venture Capital
Innovation
An individual who undertakes the creation, organization, and…
The process of recognizing an opportunity testing it in the m…
A source of equity financing for small business with exceptio…
A new way of doing things a new idea or method
Entrepreneur
An individual who undertakes the creation, organization, and…
Entrepreneurship
The process of recognizing an opportunity testing it in the m…
23 terms
Business Essentials
Entrepreneur
Franchise
Gross-Profit
Corporation
Someone who organizes and then runs a business.
The legal right to sell a company's goods and services in a p…
The Difference between the cost of goods and their selling pr…
A business charted by a state that legally operates apart fro…
Entrepreneur
Someone who organizes and then runs a business.
Franchise
The legal right to sell a company's goods and services in a p…
37 terms
Business Essentials - Chapter 16
Allowance
Annuity
Balance sheet
Budget
the amount of money you plan to use for a certain budget cate…
an amount of money an insurance company pays (usually monthly…
a report that lists a company's assets, liabilities, and owne…
detailed plans for the financial needs of individuals, famili…
Allowance
the amount of money you plan to use for a certain budget cate…
Annuity
an amount of money an insurance company pays (usually monthly…
12 terms
Business Essentials Vocab
century
decade
bi-monthly
annually
100 years
10 years
2 times a month
one time a year
century
100 years
decade
10 years
32 terms
Business Essentials - Chapter 1
Basic economic problem
Capital resources
Capitalism
Command economy
the mismatch of unlimited wants and needs and limited economi…
products and money used to produce goods and services.
the private ownership of economic resources by individuals ra…
an economy in which resources are owned and controlled by the…
Basic economic problem
the mismatch of unlimited wants and needs and limited economi…
Capital resources
products and money used to produce goods and services.
28 terms
Business Essentials - Chapter 9
Ability
Application form
Behavioral interviewing
Career
the quality of being able to perform a mental or physical task.
a document used by employers that asks for information relate…
an interview that evaluates an applicant's on-the-job potenti…
a goal for work that is fulfilled through an occupation or se…
Ability
the quality of being able to perform a mental or physical task.
Application form
a document used by employers that asks for information relate…
60 terms
Business Essentials
Journalist
besprechen
Artikel
organisieren
journalist
discuss
article
arrage
Journalist
journalist
besprechen
discuss
11 terms
Business Essentials
Conglomerate
Making company public
How is wealth determined in the us
Venture capitalist
Multitude of businesses that dont relate to each other
Put company in the stock market
Net worth
They give money to company for partial ownership
Conglomerate
Multitude of businesses that dont relate to each other
Making company public
Put company in the stock market
25 terms
Business essentials
Scarcity
Factors of production
Natural resources
Labor resources
Lack of resources
Economy resources that are necessary to produce a society's g…
Raw materials from nature that are used to make goods
Paid people who make goods and services
Scarcity
Lack of resources
Factors of production
Economy resources that are necessary to produce a society's g…
68 terms
Business Essentials - Chapter 10
Advertising
Basic product
Brand name
Business consumers
any paid form of communication through mass media directed at…
the simplest form of a product. It is not unique and is usual…
a unique identification for a company's products.
persons, companies, and organizations that buy products for t…
Advertising
any paid form of communication through mass media directed at…
Basic product
the simplest form of a product. It is not unique and is usual…
10 terms
Business essentials
Wants
Needs
Goods
Services
wants are things you want to have.
needs are things you need to survive.
are physical products.
are tasks that businesses perform for consumers.
Wants
wants are things you want to have.
Needs
needs are things you need to survive.
34 terms
Business Essentials - Chapter 5
Accountability
Articles of incorporation
Authority
Baby boomers
taking responsibility for the results achieved.
a written legal document that defines ownership and operating…
the right to make decisions about how responsibilities should…
people born between 1946 and 1964.
Accountability
taking responsibility for the results achieved.
Articles of incorporation
a written legal document that defines ownership and operating…
217 terms
business essentials
maintain
enquiry
be based
appropriate
pflegen
anfrage
ansässig sein
angemessen
maintain
pflegen
enquiry
anfrage
24 terms
Business essentials
Mutual funds
Cd
Stocks
Blank endorsment
Basket of stocks
Loan to the bank
Ownership in company
Least safe type of endorsment if lost
Mutual funds
Basket of stocks
Cd
Loan to the bank
57 terms
Business essentials
Price elastic
Price inelastic
Factors affecting PED
Income elasticity of demand
Greater than one... The responsivness of demand after a change i…
Less than one... Demand responds more than to change in price... E…
SPLAT... Substitutes-elastic... Proportion of income-elastic... Legal…
The relationship between a change in quantity demanded and ch…
Price elastic
Greater than one... The responsivness of demand after a change i…
Price inelastic
Less than one... Demand responds more than to change in price... E…
9 terms
Business Essentials
Needs
Business
Resources
Competition
Things we need to survive
Any activity that seeks profit by providing goods or service
Anything that people can use to make or obtain what they want…
The contest between businesses to win customers.
Needs
Things we need to survive
Business
Any activity that seeks profit by providing goods or service
24 terms
Business Essentials
Charge
Deposit
Register
Avaliable
Require an extra payment
To put money in a bank account
A form that allows you to keep accurate records of your depos…
Ready, or accessible
Charge
Require an extra payment
Deposit
To put money in a bank account
24 terms
Business Essentials
Entrepreneur
Start-up costs
Lease
Goodwill
Someone who organizes and runs a business
The expenses involved in going into business
A contract to use something for a specified period of time
One of a business most valuable assets
Entrepreneur
Someone who organizes and runs a business
Start-up costs
The expenses involved in going into business
23 terms
Business Essentials
Corporation
Entrepenur
Goodwill
gross profit
A business, chartered by a state, that legally operates apart…
Someone who starts then runs a business.
The loyalty of excising costumers .
The difference between the cost of a good service and its sel…
Corporation
A business, chartered by a state, that legally operates apart…
Entrepenur
Someone who starts then runs a business.
25 terms
Business essentials
Franchise
Initial franchise fee
Startup costs
Royalty fees
...
...
...
...
Franchise
...
Initial franchise fee
...
20 terms
Business Essentials
Controlling
Core Values
Ethical business
Formal influence
All of the activities involved in obtaining, preparing, and c…
The important principles that will guide decisions and action…
Ensures that appropriate standards of conduct standards of co…
Power based on a leaders position within the business
Controlling
All of the activities involved in obtaining, preparing, and c…
Core Values
The important principles that will guide decisions and action…
23 terms
Business Essentials
Corporation
Entrepreneur
Goodwill
Gross Profit
A business, chartered by a state, that legally operates apart…
Someone who starts then runs a business.
The loyalty of existing customers.
The difference between the cost of a good of service and its…
Corporation
A business, chartered by a state, that legally operates apart…
Entrepreneur
Someone who starts then runs a business.
22 terms
Business Essentials
executives
management style
ethical business practices
influence
top level managers with responsibilities for the direction an…
the way a manager treats and involves employees
ensure that the highest standards of conduct are observed in…
enables a person to affect the actions of others
executives
top level managers with responsibilities for the direction an…
management style
the way a manager treats and involves employees
68 terms
Business Essentials
Wants
Needs
Goods
Services
Things that you do not have to have to survive, but you would…
Things that you must have in order to survive.
Physical products
Tasks that businesses perform for consumers.
Wants
Things that you do not have to have to survive, but you would…
Needs
Things that you must have in order to survive.
62 terms
Business essentials
join
exhausted
rather
book
sich (jmdm.) anschliessen
erschöpft
lieber,eher
buchen
join
sich (jmdm.) anschliessen
exhausted
erschöpft
40 terms
Business Essentials
Articles of incorporation
Capitalism
Contract
Copyright
A written legal document that defines ownership and operating…
The private ownership of economic resources by individuals ra…
An agreement to exchange goods or services for something of v…
The protection of the creative work of authors, composers, an…
Articles of incorporation
A written legal document that defines ownership and operating…
Capitalism
The private ownership of economic resources by individuals ra…
11 terms
Business Essentials
Impulse
Escape
Procrastination
Compliance
decision-making strategy in which you go with your first reac…
decision-making strategy in which you avoid a decision or mak…
decision-making strategy in which you delay making the decisi…
decision making strategy in which you hand over control or le…
Impulse
decision-making strategy in which you go with your first reac…
Escape
decision-making strategy in which you avoid a decision or mak…
16 terms
Business Essentials.
Micro-Inequity
Bias
Self-Esteem
Distraction
a theory that refers to hypothesized ways in which individual…
prejudice in favor of or against one thing, person, or group…
confidence in one's own worth or abilities; self-respect.
a thing that prevents someone from giving full attention to s…
Micro-Inequity
a theory that refers to hypothesized ways in which individual…
Bias
prejudice in favor of or against one thing, person, or group…
18 terms
business essentials
Business
Profits
Consumer choice of demand
Opportunity and enterprise
An organization that sells goods or services to make profit
The difference between your revenues and it's expenses
Consumers choose how to satisfy their wants and needs
Identify needs and capitalize on the opportunity
Business
An organization that sells goods or services to make profit
Profits
The difference between your revenues and it's expenses
20 terms
business essentials
Resume
interview
Cover letter
Budget
A brief summary of a job seekers, personal information, educa…
A formal meeting between a job seeker and employer.
a one page letter a job seeker sends to an employer
A plan for saving and spending money based on your income and…
Resume
A brief summary of a job seekers, personal information, educa…
interview
A formal meeting between a job seeker and employer.
18 terms
Business Essentials
Wants
Needs
Goods
Services
have a desire to possess or do (something) wish for.
Materials that are needed to survive.
Products, or more specifically, products that economists feel…
Worked provided for benefits of its customers.
Wants
have a desire to possess or do (something) wish for.
Needs
Materials that are needed to survive.
27 terms
Business Essentials
consumer advocates
grade labels
recall
legal monopoly
groups and individuals who work to protect, inform, and defen…
indicate the level of quality of foods
an order to take back and repair or replace a product that ha…
a company that is allowed to operate without competition
consumer advocates
groups and individuals who work to protect, inform, and defen…
grade labels
indicate the level of quality of foods
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