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Study sets matching "intro to business terms"

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Study sets matching "intro to business terms"

21 terms
Introduction to Business Mid term review
What is Sarbanes Oxley
What is a stakeholder? Give an example
What is the federal reserve?
What are 3 goals of the Federal Reserve
Criminalized securities fraud and stiffened penalties for Cor…
Anyone with a "stake" in the success/loss of a company. An em…
The "boss" of all banks, manages US banking system
Maximize employment, Stabilize prices, moderate interest rates
What is Sarbanes Oxley
Criminalized securities fraud and stiffened penalties for Cor…
What is a stakeholder? Give an example
Anyone with a "stake" in the success/loss of a company. An em…
13 terms
Introduction to Business-Ch. 7 Terms
sole proprietorship
liability protection
unlimited liability
partnership
a business that is owned and operated by one person
insurance
full responsibility for all debts and actions of the business
an unincorporated business with two or more owners
sole proprietorship
a business that is owned and operated by one person
liability protection
insurance
69 terms
Glossary of Terms: Introduction to Business
absolute advantage
mid-level
advertising
affirmative action
przewaga absolutna... When a country (also individual, firm, pro…
średniego szczebla... e.g worker, job,
reklama, branża reklamowa... Paid, nonpersonal communication thr…
akcja afirmacyjna(/dyskryminacja pozytywna) (wspierająca grup…
absolute advantage
przewaga absolutna... When a country (also individual, firm, pro…
mid-level
średniego szczebla... e.g worker, job,
12 terms
Introduction to International Business
The making, buying and selling of good…
business activities needed for creatin…
A country can produce a good or servic…
is a situation in which a country spec…
Domestic Business
International Business
Absolute Advantage
Comparative Advantage
The making, buying and selling of good…
Domestic Business
business activities needed for creatin…
International Business
16 terms
Introduction to Business Chapter 17 terms
policy
rule
credit
return policy
a statement of guiding principles and procedures that serves…
a standard that is set forth to guide behavior or actions
an arrangement for deferred payment for goods and services
establishes the conditions under which items that have been o…
policy
a statement of guiding principles and procedures that serves…
rule
a standard that is set forth to guide behavior or actions
8 terms
Introduction to Business
Business
Need
Want
Tangible
An organization that produces or sells goods/services to sati…
Considered essential for survival
Considered a "luxury" item
A product or good
Business
An organization that produces or sells goods/services to sati…
Need
Considered essential for survival
19 terms
Introduction to Business Chapter 14 terms
manager
planning
strategic plans
tactical plans
a person who coordinates the people, processes, and other res…
the act of setting goals, developing strategies, and outlinin…
long-range objectives based on long-term goals
mid range objectives that focus on a period of one to three y…
manager
a person who coordinates the people, processes, and other res…
planning
the act of setting goals, developing strategies, and outlinin…
18 terms
Introduction to Business Chapter 15 terms
purchasing
model inventory
vendors
trade discount
also known as procurement, and is the buying of all the mater…
a target inventory of what you think you will need to keep in…
the businesses that sell you inventory
a discount from the list price of an item allowed by a manufa…
purchasing
also known as procurement, and is the buying of all the mater…
model inventory
a target inventory of what you think you will need to keep in…
14 terms
INTRODUCTION TO BUSINESS
Business
Reasons for studying business: Busines…
What are the three activities, any suc…
Factors of Production are also known as
any organization that seeks to make profit in exchange for go…
Choosing the right career... Be a successful employee... Enhance yo…
It must be organized, ... it must satisfy needs, and ... it must ea…
Resources
Business
any organization that seeks to make profit in exchange for go…
Reasons for studying business: Busines…
Choosing the right career... Be a successful employee... Enhance yo…
31 terms
Introduction To Business Key Terms
Entrepreneur
Venture
Entrepreneurship
Entrepreneurial
Someone who takes risks to invest in their own business.
A new business undertaking that involves risk
Recognizing an opportunity and testing it in the market.
Acting as an entrepreneur or having that mind set.
Entrepreneur
Someone who takes risks to invest in their own business.
Venture
A new business undertaking that involves risk
75 terms
Introduction to Business
Absolute Advantage
Accounting
Accounts Payable
Acquisition
The advantage that exists when a country has a monopoly on pr…
The recording, classifying, summarizing, and interpreting of…
Current liabilities involving money owed to others for mercha…
One company's purchase of the property and obligations of ano…
Absolute Advantage
The advantage that exists when a country has a monopoly on pr…
Accounting
The recording, classifying, summarizing, and interpreting of…
279 terms
Introduction to Business
Business
What are the four resources a business…
What do manufacturing businesses do?
What do service businesses do?
The organized effort of individuals to produce and sell, for…
Human resources, material resources, informational resources,…
They process various materials.
They provide services.... Ex: Haircuts, legal advice, tax prepa…
Business
The organized effort of individuals to produce and sell, for…
What are the four resources a business…
Human resources, material resources, informational resources,…
10 terms
Introduction to Business - Chapter 5
Small Business
virtual business
Being your own boss
Sole Proprietorships
an independently owned business that usually has the owner as…
a business that operates on the internet
the main reason people become entrepreneurs
owned and operated by one person
Small Business
an independently owned business that usually has the owner as…
virtual business
a business that operates on the internet
20 terms
Introduction To Business Key Terms
Profit
Profit Motive
Competition
Needs
Money that has remained after paying dept.
What a person wants to gain from opening and running a busine…
Contest between companies to win over more customers.
What a person needs to live.
Profit
Money that has remained after paying dept.
Profit Motive
What a person wants to gain from opening and running a busine…
18 terms
Introduction to Business Chapter 16 Vocab
money management
personal assets
liabilities
net worth
day-to-day activities using income to satisfy wants and needs
Items that you have of value and ownership ... (ie: house, car a…
amounts that you owe... (ie: debt from loans like a credit card)
difference between assets and liabilities... (Assets - liabiliti…
money management
day-to-day activities using income to satisfy wants and needs
personal assets
Items that you have of value and ownership ... (ie: house, car a…
36 terms
Introduction to Business
Business
Need
Want
Tangible
An organization that produces or sells goods/services to sati…
Considered essential for survival
Considered a "luxury" item
A product or good
Business
An organization that produces or sells goods/services to sati…
Need
Considered essential for survival
30 terms
Introduction to Business Personal Finance Terms
Personal Finance
Needs
Wants
Budgeting
A plan for how to spend/save/invest your money
Things that are required in order to live
Those things which make our lives more comfortable but are no…
The process of projecting, organizing, monitoring, and contro…
Personal Finance
A plan for how to spend/save/invest your money
Needs
Things that are required in order to live
introduction to business key terms
Profit
Profit motive
competition
Needs
Money that you make from a business or the money you get from…
A motive why you should make a profit or a reason why
Businesses or companies that are trying to make money too by…
A thing that humans need to survive
Profit
Money that you make from a business or the money you get from…
Profit motive
A motive why you should make a profit or a reason why
48 terms
Introduction to Business Key Terms
Annual General Meeting
Articles of Association
Board of Directors
Vertical Integration
A mandatory, public yearly gathering of a publicly traded com…
A document that specifies the regulations for a company's ope…
Governing body (called the board) of an incorporated firm. It…
When a company expands its business into areas that are at di…
Annual General Meeting
A mandatory, public yearly gathering of a publicly traded com…
Articles of Association
A document that specifies the regulations for a company's ope…
20 terms
Introduction to Business Key Terms
Profit
Profit Motive
Competition
Needs
money that remains after a business has paid for the expense…
a person's incentive to work to gain something for himself or…
contest between businesses to win customers business and loya…
Items that you need to have to live
Profit
money that remains after a business has paid for the expense…
Profit Motive
a person's incentive to work to gain something for himself or…
42 terms
Introduction to Business Terms
B2B
B2C
Business
Cash Cow
Business to Business (Example: When Coca-Cola sells its produ…
Business to Consumers (Example: When Coca-Cola advertises and…
an organization established to provide goods and/or services…
A product that is making money but is not growing very fast
B2B
Business to Business (Example: When Coca-Cola sells its produ…
B2C
Business to Consumers (Example: When Coca-Cola advertises and…
8 terms
Introduction to Business Key Terms
Profit
Profit motive
competition
Needs
Money that remains after a business has paid for the expenses…
A persons incentive to work to gain something for himself or…
Contest between business to win customers businesses and loya…
Items necessary for existence, such as clothing, food, and sh…
Profit
Money that remains after a business has paid for the expenses…
Profit motive
A persons incentive to work to gain something for himself or…
20 terms
Introduction to Business Key Terms
Profit
Profit Motive
Competition
Needs
Money that remains after a business has paid for the expenses…
A person's incentive to work to gain something for himself or…
Contest between businesses to win customers' business and loy…
Items necessary for existence, such as clothing, food, and sh…
Profit
Money that remains after a business has paid for the expenses…
Profit Motive
A person's incentive to work to gain something for himself or…
20 terms
Introduction to Business Key Terms
Profit
Profit Motive
Competition
Needs
Money that remains after a business has paid for the expenses…
A person's incentive to work to gain something for himself or…
Contest between businesses to win consumers' business and loy…
Items necessary for existence, such as clothing, food, and sh…
Profit
Money that remains after a business has paid for the expenses…
Profit Motive
A person's incentive to work to gain something for himself or…
14 terms
Introduction to Business Key Terms
Profit
Profit Motive
Competition
Needs
To earn money off a good or service
Desire to make money
Competing to win
You need it to survive
Profit
To earn money off a good or service
Profit Motive
Desire to make money
20 terms
Introduction to business key terms
Profit
Profit motive
competition
Needs
Money that remains after a business has paid for the expenses…
a person incentive to work to work to gain something for hers…
contest between businesses to win customers business and loya…
items are necessary for existence, such as clothing, food, an…
Profit
Money that remains after a business has paid for the expenses…
Profit motive
a person incentive to work to work to gain something for hers…
20 terms
Introduction to Business Key Terms
Profit
Profit Motive
Competition
Needs
Money that remains after a business has paid for the expenses…
A persons incentive to work to gain something for himself or…
Contest between businesses to win customers' business and loy…
Items necessary for existence, such as clothing, food, and sh…
Profit
Money that remains after a business has paid for the expenses…
Profit Motive
A persons incentive to work to gain something for himself or…
20 terms
Introduction to Business Key Terms
Profit
Profit Motive
Competition
Needs
Money that remains after a business has paid for the expenses…
A person's incentive to work to gain something for himself or…
Contest between businesses to win costumers' business and loy…
Items necessary for existence, such as clothing, food, and sh…
Profit
Money that remains after a business has paid for the expenses…
Profit Motive
A person's incentive to work to gain something for himself or…
20 terms
introduction to business key terms
profit
profit motive
competition
needs
money that remains after a business had paid for the expenses…
a person incentive to work to gain something for he or she (t…
contest between business to win customers business and loyalty
items that necessary for existence , such as clothing food
profit
money that remains after a business had paid for the expenses…
profit motive
a person incentive to work to gain something for he or she (t…
27 terms
Introduction To Business Terms
Accounting
Assets
Business
Business to Business (B2B)
A system that provides quantitative information about finances.
The value of everything a company owns and uses to conduct th…
An organization that operates with the intention of making a…
One business sells goods or services to another business.
Accounting
A system that provides quantitative information about finances.
Assets
The value of everything a company owns and uses to conduct th…
20 terms
Introduction to Business Key Terms
Profit
Profit motive
Competition
Needs
Money that remains after a business has paid for the expenses…
A person's incentive to work to gain something for himself or…
Contest between businesses to win customer's businesses and l…
Items necessary for existence, such as clothing, food and she…
Profit
Money that remains after a business has paid for the expenses…
Profit motive
A person's incentive to work to gain something for himself or…
10 terms
Introduction to Business Terms
Market Research
Competition
Profit
Business Plan
The activity of gathering information about consumers' needs…
contest between businesses to win customers
Money left over after expenses are paid
plan made that includes description of business and product
Market Research
The activity of gathering information about consumers' needs…
Competition
contest between businesses to win customers
20 terms
Introduction to Business key Terms
Profit
Profit Motive
Competition
Needs
Money that remains after a business has paid for the expenses…
A person's incentive to work to gain something for himself or…
Contest between business to win customers business and loyalty
Items necessary for existence, such as clothing, food and she…
Profit
Money that remains after a business has paid for the expenses…
Profit Motive
A person's incentive to work to gain something for himself or…
20 terms
Introduction to Business Key Terms
Profit
Profit Motive
Competition
Needs
Money that remains after a business has paid for the expenses…
A person's incentive to work to gain something for himself or…
Contest between business to win customers' business and loyal…
Items necessary for existence, such as clothing, food, and sh…
Profit
Money that remains after a business has paid for the expenses…
Profit Motive
A person's incentive to work to gain something for himself or…
20 terms
introduction to business key terms
profit
profit motive
competition
needs
money that remain after expences
person incentive to work
contest between business to win customers
items necessary for existance
profit
money that remain after expences
profit motive
person incentive to work
35 terms
Introduction to Business Terms
Goods
Services
Entrepreneur
Revenue
are tangible products such as computers, food, clothing, cars…
are intangible products (products that cant be held in your h…
is a person who risks time and money to start and manage a bu…
is the total amount of money a business takes in during a giv…
Goods
are tangible products such as computers, food, clothing, cars…
Services
are intangible products (products that cant be held in your h…
20 terms
Introduction to Business Key Terms Exercise
Profit
Competition
Needs
Wants
Money left over after expenses have been paid
A business relationship in which two parties compete to have…
Items that are essential to live
Items that one could live without
Profit
Money left over after expenses have been paid
Competition
A business relationship in which two parties compete to have…
16 terms
Introduction to Business - Chapter 11 Vocab Terms
Privatization
Interstate commerce
Intrastate commerce
Oligopoly
Hiring a business to offer a public good or service.
Business that takes place across all states. The government f…
Business within each state. State governments focus on this t…
When a small number of companies control the market without f…
Privatization
Hiring a business to offer a public good or service.
Interstate commerce
Business that takes place across all states. The government f…
14 terms
1. KEY TERMS Introduction to Business Management
Business Plan
Businesses
Consumers
Customers
This refers to the document that sets out the business idea,…
These are organisations involved in the production of goods a…
These are the people or organisations who actually use a prod…
These are the people or organisations that buy the product.
Business Plan
This refers to the document that sets out the business idea,…
Businesses
These are organisations involved in the production of goods a…
34 terms
Introduction to business - Chapter 9
Financial capital
Finance
Risk
Risk-return tradeoff
The funds a firm uses to acquire its assets and finance its o…
The functional area of business that is concerned with findin…
The degree of uncertainty regarding the outcome of a decision.
The observation that financial oppurtunities that offer high…
Financial capital
The funds a firm uses to acquire its assets and finance its o…
Finance
The functional area of business that is concerned with findin…
22 terms
Introduction to business final terms
competition
needs
recycling
ethics
the contest between business to win costumers.
things that you must have in order to survive
collecting products for processing so that they can be used a…
moral principles by which people;e conduct themselves persona…
competition
the contest between business to win costumers.
needs
things that you must have in order to survive
Introduction to Business Mid-term
What is an organization?
What are the 5 features of organizatio…
What are the 5 components to organizat…
What are the 3 types of organizations?
A group of individuals working together to achieve an objective
Composed of individuals or groups... Focused on achieving collec…
Strategic apex... Middle line... Operating core... Techno structure... Su…
Public, for-profit, and not-for-profit... Public sector (gov. o…
What is an organization?
A group of individuals working together to achieve an objective
What are the 5 features of organizatio…
Composed of individuals or groups... Focused on achieving collec…
15 terms
Introduction To Business Key Terms 2
Sole Proprietorship
Economic Base
Corporation
Culture
A business that is owned & operated by one person.
the major industries that provide employment in an area.
A business that is registered by a state and operates apart f…
Broadly, social heritage of a group. It is a pattern of respo…
Sole Proprietorship
A business that is owned & operated by one person.
Economic Base
the major industries that provide employment in an area.
75 terms
Introduction to Business Review
What do you need to product goods and…
Inflation
Labor - give an example
Service
a society needs natural resources, human resources, capital r…
reduces the purchasing power of money
managers, supervisors, workers
tasks that people or machines perform for payment
What do you need to product goods and…
a society needs natural resources, human resources, capital r…
Inflation
reduces the purchasing power of money
35 terms
Introduction to business chapter 15 terms
Marketing intermediaries
Channel of distribution
Agent or brokers
Wholesaler
Organizations that assist in moving goods and services from p…
A whole set of marketing intermediaries such as agents/broker…
Marketing intermediaries who bring buyers and sellers togethe…
A marketing intermediary that sells to other organizations
Marketing intermediaries
Organizations that assist in moving goods and services from p…
Channel of distribution
A whole set of marketing intermediaries such as agents/broker…
30 terms
Introduction to Business- Chapter 6
Sole proprietorship
Partnership
General partnership
Corporation
A form of business ownership with a single owner who usually…
A voluntary agreement under which two or more people act as c…
A partnership in which all partners can take an active role i…
A form of business ownership in which the business is conside…
Sole proprietorship
A form of business ownership with a single owner who usually…
Partnership
A voluntary agreement under which two or more people act as c…
26 terms
Introduction to Business - Chapter 11
marketing
exchange process
utility
marketing concept
organizational function and set of processes for creating, co…
activity in which two or more parties give something of value…
power of a good or service to satisfy a want or need
company-wide consumer orientation to promote long-run success
marketing
organizational function and set of processes for creating, co…
exchange process
activity in which two or more parties give something of value…
15 terms
Introduction to business chapter 3 terms
economic fluctuations
Gross domestic product (GDP)
standard of living
inflation
fluctuations in the level of the national income of a country…
total value of the goods and services produced in a country i…
level of material comfort as measured by the goods and servic…
general increase in the cost of goods and services
economic fluctuations
fluctuations in the level of the national income of a country…
Gross domestic product (GDP)
total value of the goods and services produced in a country i…
12 terms
Introduction to Business - Chapter 4
Ethics
Business Ethics
Sweatshops
Occupational Safety and Health Adminis…
Moral principles that govern a person's behavior
Ethical principles and moral/ethical problems that are arise…
Manual workers are employed at very low wages for long hours…
A federal organization that ensures safe and healthy working…
Ethics
Moral principles that govern a person's behavior
Business Ethics
Ethical principles and moral/ethical problems that are arise…
15 terms
Introduction to Business - Chapter 7
entrepreneurs
internal locus of control
external locus of control
alternative lenders
people who risk their time, money, and other resources to sta…
a deep-seated sense that the individual is personally respons…
a deep-seated sense that forces other than the individual are…
typically private firms that charge very high interest rates…
entrepreneurs
people who risk their time, money, and other resources to sta…
internal locus of control
a deep-seated sense that the individual is personally respons…
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