Study sets matching "business"

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Study sets matching "business"

17 terms
Business
announcer
astronaut
artist
baker
announcer
astronaut
30 terms
Business
Policies
Mission statement
Long term finace
Partnership
Guidelines used in making consistent decisions
Short specific written statement for achievement
Large purchases
2 or more people... Share responsibility ... Each partner is liable
Policies
Guidelines used in making consistent decisions
Mission statement
Short specific written statement for achievement
5 terms
Business
Business
Entrepreneurs
Investors
Interest group
Enterprise that is set up to provide goods and services to a…
A person who sets up a business. This person has the initiati…
Provide financial support for the business
An organization whose aim is to influence decisions made by t…
Business
Enterprise that is set up to provide goods and services to a…
Entrepreneurs
A person who sets up a business. This person has the initiati…
5 terms
Business
Product life cycle
Maturity
Growth
Saturation
To determine the stage the sales of a product is at
Sales are constant
Sales are increasing
When a lot of companies have a similar product so the custome…
Product life cycle
To determine the stage the sales of a product is at
Maturity
Sales are constant
20 terms
Business
Selling price
Cost
Mark up
Markup amount
What the consumer pays
What the retailer pays to the manufacture
Difference between the cost and selling price
Total amount of selling price
Selling price
What the consumer pays
Cost
What the retailer pays to the manufacture
60 terms
Business
obsolete
law of demand
law of supply
embezzlement
a product or service that consumers no longer want because it…
the economic principle that demand goes up when prices come d…
the economic principle that supply goes up up when prices go…
a type of accounting fraud which an accountant or senior exec…
obsolete
a product or service that consumers no longer want because it…
law of demand
the economic principle that demand goes up when prices come d…
80 terms
Business
A certificate of incorporation from th…
The owners of a corporation are called:
An agency may be established by:
The duties of a principal to an agent…
is necessary for a corporation to be recognized legally
shareholders
operation of law or by oral agreement of the parties or by wr…
all of the other choices required
A certificate of incorporation from th…
is necessary for a corporation to be recognized legally
The owners of a corporation are called:
shareholders
Business
Marketing
Customer Relationship Management
Test Marketing
Market Research
the process of creating communicating and delivering and exch…
process of learning as much as possible about present custome…
testing product with potential customers
market analyze to determine opportunites and challenges to us…
Marketing
the process of creating communicating and delivering and exch…
Customer Relationship Management
process of learning as much as possible about present custome…
business
Packaging
Placement
Premium
Price
The technology and the art of enclosing or protecting product…
Where you sell your product; the stores you choose and the lo…
Promotional items that are linked to a product that often req…
The amount of money that a product or service will be bought…
Packaging
The technology and the art of enclosing or protecting product…
Placement
Where you sell your product; the stores you choose and the lo…
51 terms
Business
Primary goods.
Secondary goods.
Tertiary.
Quaternary.
raw materials e.g fish.
takes raw materials and makes something of them e.g builders.
provides a service e.g personal trainer.
ICT experts.
Primary goods.
raw materials e.g fish.
Secondary goods.
takes raw materials and makes something of them e.g builders.
21 terms
Business
Revenue
Gross profit (GP)
Added value
Inputs
The total value of sales by a business calculated by unit sol…
(Gross Profit/sales revenue) ×100
Difference between cost of raw material and the price of fini…
Land labor capital
Revenue
The total value of sales by a business calculated by unit sol…
Gross profit (GP)
(Gross Profit/sales revenue) ×100
Business
Gross Domestic Product
Standard of Living
Ethics
Business Ethics
total value of goods and services produced in a country in a…
level of material comfort measured by goods&services available
morals principles by which people conduct themselves personal…
are rules based on moral principles about how businesses ough…
Gross Domestic Product
total value of goods and services produced in a country in a…
Standard of Living
level of material comfort measured by goods&services available
Business
Gross profit margin
Net profit margin
Fixed assets
Current assets
gross profit / sales
net profit / sales
last for more than one year e.g. buildings, machinery
last a few months e.g. stock and cash
Gross profit margin
gross profit / sales
Net profit margin
net profit / sales
13 terms
business
Wants
Needs
Land
Labor
not required to survive.... Everything else
Required to survive... Food water shelter air
this refers to natural resources present without human interv…
the work people do to create a good or provide a service.
Wants
not required to survive.... Everything else
Needs
Required to survive... Food water shelter air
11 terms
business
sherman act
federal trade commission act
clayton act
copyright law
1890
1914
1914!
1790
sherman act
1890
federal trade commission act
1914
BUSINESS
Forecasting
Debt financing
Equity financing
Unlimited liability
How much resources does a business need and how much money wi…
When money is borrowed from someone or bank
Alternitive way to fund a business
When a sole proprietorship runs buisness poorly and is blamed…
Forecasting
How much resources does a business need and how much money wi…
Debt financing
When money is borrowed from someone or bank
Business
Steps to Ethical Judgment making
Profit
Factors of production
Privatization
1) Gather relevant information... 2) Analyze the facts to determ…
The difference between a business's revenues and it's expenses
Resources used in the production of goods and services - labo…
Process of converting government enterprises into privately o…
Steps to Ethical Judgment making
1) Gather relevant information... 2) Analyze the facts to determ…
Profit
The difference between a business's revenues and it's expenses
25 terms
Business
asset
sole propriatorship
quarterly
workers compensation insurance
total resources of a sole practitioner or business
entity is easy to form and gives owner control of all decisio…
you will file form 1040 ES on what basis
this covers the costs incurred by a business if an employee w…
asset
total resources of a sole practitioner or business
sole propriatorship
entity is easy to form and gives owner control of all decisio…
Business
Business
Supplier
Customer
Consumer
The trade of goods and services being sold to customers
A business which sells products to other customers
The person who buys or is supplied with a product
The person who obtains the product
Business
The trade of goods and services being sold to customers
Supplier
A business which sells products to other customers
business
capitalism
command economy
consumer
demand
The private ownership of resources by individuals rather than…
resources are owned and controlled by the government
A person who buys and uses goods and services.
The quantity of a good or service that consumers are willing…
capitalism
The private ownership of resources by individuals rather than…
command economy
resources are owned and controlled by the government
Business
Perfect competition
Monopolistic competition
Oligopoly
Monopoly
is the market situation in which there are many buyers and se…
a market situation in which there are many buyers along with…
a market(or industry) in which there are few sellers
a market(or industry) with only one seller, and there are bar…
Perfect competition
is the market situation in which there are many buyers and se…
Monopolistic competition
a market situation in which there are many buyers along with…
117 terms
Business
Four types of Competition
GDP ( Gross Domestic Product)
Inflation
Deflation
Perfect(pure), Monopolistic, Oligopoly, Monopoly
The total dollar value of all goods and services produced by…
A general increase in the level of prices
A general decrease in the level of prices
Four types of Competition
Perfect(pure), Monopolistic, Oligopoly, Monopoly
GDP ( Gross Domestic Product)
The total dollar value of all goods and services produced by…
Business
Assets
Economy
Market Economy
Subsistence Economy
property or things of value that you own
the way a community organizes to meet its needs
an economy where people earn money to buy goods and services…
an economy where people provide for their own needs
Assets
property or things of value that you own
Economy
the way a community organizes to meet its needs
Business
Industry
Business
Entreprenuer
Product
Segment of economy. Provides service to customes. Economic ac…
Individuals or organizations trying to earn profit that satis…
Risk wealth, time, and effort to develop an innovative produc…
Good or service with tangible and intangible characteristics…
Industry
Segment of economy. Provides service to customes. Economic ac…
Business
Individuals or organizations trying to earn profit that satis…
15 terms
Business
consultant noun.
crisis noun.
innovation noun.
objective noun.
a person who knows a lot about a particular subject and is em…
a time of great danger, difficulty or confusion when problems…
the introduction of new things, ideas or ways of doing someth…
something that you are trying to achieve
consultant noun.
a person who knows a lot about a particular subject and is em…
crisis noun.
a time of great danger, difficulty or confusion when problems…
56 terms
business
US Manufacturing
Production
Operation Management
form Utility
- Leading Manufacturer... - continues to grow since 1970 (2x big…
the creation of goods using land, labor, capital, entrepreneu…
A specialized area in management that converts resources into…
The value producers add materials in the creation of finished…
US Manufacturing
- Leading Manufacturer... - continues to grow since 1970 (2x big…
Production
the creation of goods using land, labor, capital, entrepreneu…
Business
S&P 500
NASDAQ
Dow Jones industrial Average
Bull Market
Measures 500 U.S stocks that are supposed to be representativ…
The largest electronic stock market in the U.S with over 3,00…
an averaged number representing the values of 30 U.S blue chi…
Occurs when stock prices are rising faster then there histori…
S&P 500
Measures 500 U.S stocks that are supposed to be representativ…
NASDAQ
The largest electronic stock market in the U.S with over 3,00…
22 terms
Business
Factors of production
Functions of human resource department
Employability skills
Marketing
Natural resources, management , information , Capital, labour…
Recruitment, Safety, Employee relations, Training and develop…
Academic skills, Personal management skills, teamwork skills
The action or business of promoting and selling products or s…
Factors of production
Natural resources, management , information , Capital, labour…
Functions of human resource department
Recruitment, Safety, Employee relations, Training and develop…
Business
Thrift
Bank
Compound interest
Credit union
Depository institution that includes savings and loans, savin…
Depository institution where one can keep and borrow money an…
Interest earned on both principal amount and any interest alr…
Cooperative nonprofit financial institution that is privately…
Thrift
Depository institution that includes savings and loans, savin…
Bank
Depository institution where one can keep and borrow money an…
Business
A bond is referred to as an equity sec…
A corporate bond represents a debt of…
the maturity value of a bond, or face…
municipal bonds are issued by the fede…
false
True
False
false
A bond is referred to as an equity sec…
false
A corporate bond represents a debt of…
True
35 terms
Business
Market
Market Research
Primary research
Secondary Research
A market is any place where buyers and sellers meet to trade…
Identifying and satisfying customer needs.
Involves gathering new data that has not been collected befor…
(Desk Research) involves gathering existing data that has alr…
Market
A market is any place where buyers and sellers meet to trade…
Market Research
Identifying and satisfying customer needs.
Business
whistleblower
areas of social responsibility
price gouging
collusion
someone who gives inside information about a company
-environment... -investors... -customers... -employees
responding to demand by charging overly steep prices
when 2 or more firms agree to collaborate on wrongful acts
whistleblower
someone who gives inside information about a company
areas of social responsibility
-environment... -investors... -customers... -employees
20 terms
Business
Income
Regular income
Irregular income
Benefit in kind
The money received by a household
Is income received every month or year
received now and again
Is a non cash form of income
Income
The money received by a household
Regular income
Is income received every month or year
business
BOND
FINANCIAL INSTITUTION
INTEREST
INVEST
An IOU issued by a company, municipality, or the federal gove…
A business that provides money-related services.
A fee received or paid for the use of money.
To commit money to gain a profit or earn interest.
BOND
An IOU issued by a company, municipality, or the federal gove…
FINANCIAL INSTITUTION
A business that provides money-related services.
46 terms
Business
Committees
Task Forces
Planning and types of planning
Strategic Plan
group performing a task, permanent
temporary group responsible for an activity
activities to achieve the organization's objectives... strategi…
2-10 yrs, executive level managers
Committees
group performing a task, permanent
Task Forces
temporary group responsible for an activity
business
motivation
morale
morals
ethnics
process that engerizes, directs, and sustains behavior. force…
attitude towards your boss of yourself
what kind of cultural background you came from
right or wrong
motivation
process that engerizes, directs, and sustains behavior. force…
morale
attitude towards your boss of yourself
26 terms
business
demand
law of demand
ceteris paribus
vice versa
the quantity of good or service that a consumer is willing an…
as price increase,quantity demand decrease,ceteris paribus an…
all other factors remain the same
the opposite is also true
demand
the quantity of good or service that a consumer is willing an…
law of demand
as price increase,quantity demand decrease,ceteris paribus an…
6 terms
Business
Accouting equation
Balance sheet
Income statement
Accounting
Assets=liabilites+owners equity
Shows finaical positon on a specific date
Finacial postion over time
Measure interpret commonicate
Accouting equation
Assets=liabilites+owners equity
Balance sheet
Shows finaical positon on a specific date
52 terms
Business
Business
Economics
SWOT Analysis
Strategic planning
Any activity that seeks to provide goods and services to othe…
Study of how society chooses to employ resources to produce g…
Planning tool used to analyze and organizational strengths we…
Process of determining the major goals of the organization an…
Business
Any activity that seeks to provide goods and services to othe…
Economics
Study of how society chooses to employ resources to produce g…
39 terms
Business
needs
wants
needs and wants
goods
things that are required in order to live
things that add pleasure or comfort to your life
are satisfied by purchasing goods and services
products that you can see and touch, tangible
needs
things that are required in order to live
wants
things that add pleasure or comfort to your life
10 terms
Business
Perdí mi..
¿Dónde está la Embajada?
¿Dónde está el hotel ....?
Tengo una reservación
I lost my...
Where is the Embassy?
Where is hotel....?
I have a reservation
Perdí mi..
I lost my...
¿Dónde está la Embajada?
Where is the Embassy?
Business
Flat
Tall
Centralised
Motivation theory... Maslows hierarchy of…
Few levels of hierarchy, few levels of control, quick line of…
Many levels of hirarchy, many levels of control, long line of…
All decisions made by seniors and passed down the levels of h…
Basic... Safety ... Love... Self esteem ... Self actualisation
Flat
Few levels of hierarchy, few levels of control, quick line of…
Tall
Many levels of hirarchy, many levels of control, long line of…
55 terms
Business
Characteristics of a large scale organ…
Unique nature of a large-scale organis…
Management functions
Corporation
-employees over 200 people... -earns revenue in the millions... -ha…
they have a great deal of political power and may have more i…
-Marketing ... -Operations... -research and development... -Finance... -h…
...
Characteristics of a large scale organ…
-employees over 200 people... -earns revenue in the millions... -ha…
Unique nature of a large-scale organis…
they have a great deal of political power and may have more i…
74 terms
Business
productivity
needs
wants
role of business
being able to create a product, at a high quality and quick s…
necessary for survival
provide comfort and pleasure
to provide needs to consumers to meet needs while making prof…
productivity
being able to create a product, at a high quality and quick s…
needs
necessary for survival
Business
SMART OBJECTIVES
Vision statement
Mission statement
Stakeholders
S - Specific... M - Measurable ... A - Achievable ... R - Realistic ... T…
Statement of the what the organization would like to achieve…
A statement of the business's core aims. Outlines the putpose…
Persons that have an interest in, any action by an organization
SMART OBJECTIVES
S - Specific... M - Measurable ... A - Achievable ... R - Realistic ... T…
Vision statement
Statement of the what the organization would like to achieve…
Business
Products
Goods
Inputs
Processes
Goods or services.
Physical products.
Refers to the materials, components and labourers used by a b…
The conversion of inputs into products.
Products
Goods or services.
Goods
Physical products.
Business
Ways to reduce back pains in offices
How to reduce musculoskeletal injuries…
Ways to become more ergonomically seated
Problems that can arise from non-ergon…
Dont stand in the same spot or sit for long periods of time
Adjust sitting position for better circulation, buy a stand a…
Buy a sit and stand desk, get rid of arm rests, foot rest for…
Back pain, musculoskeletal injuries,loss of circulation,
Ways to reduce back pains in offices
Dont stand in the same spot or sit for long periods of time
How to reduce musculoskeletal injuries…
Adjust sitting position for better circulation, buy a stand a…
Business
Organisation
Large scale organisation
Multinational corpoeration
A cooporation
Is two or more people working together to achieve an objective
Employs 200 or more people, earns revenue in the millions, or…
Is owned and based in one country and operates in many ciuntr…
Is owned by shareholders and aims to make a profit
Organisation
Is two or more people working together to achieve an objective
Large scale organisation
Employs 200 or more people, earns revenue in the millions, or…
25 terms
Business
to be promoted... He was promoted to Hea…
predecessor
successor
staff
befördert werden
Vorgänger(in)
Nachfolger(in)
Belegschaft, Personal
to be promoted... He was promoted to Hea…
befördert werden
predecessor
Vorgänger(in)
42 terms
Business
affirmation
attitude
visualization
integrity
a positive statement created to be used in a form of self-talk
pos or neg mental approach to a situation
a technique in which you create a detailed picture in your mind
behavior based on honest, sincerity, and good intentions
affirmation
a positive statement created to be used in a form of self-talk
attitude
pos or neg mental approach to a situation
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