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Study sets matching "principles of business objective"

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Study sets matching "principles of business objective"

25 terms
Principles of Business & Finance - Objective 2.02
Management
Planning
Organizing
Staffing
The process of achieving company goals by effective use of re…
Analyze information, set goals based on information, and make…
To arrange resources in order by assigning and coordinating t…
To obtain, train, and compensate employees to accomplish the…
Management
The process of achieving company goals by effective use of re…
Planning
Analyze information, set goals based on information, and make…
15 terms
Principles of Business and Finance- Objective 2
Partnership
Stock
Intermediary
Sole proprietorship
a business owned by two or more persons who share the risks a…
shares of ownership in a corporation
business that acts as a go-between in moving goods from produ…
a business owned by only one person
Partnership
a business owned by two or more persons who share the risks a…
Stock
shares of ownership in a corporation
33 terms
Principles of Business and Finance- Objective 1.03
domestic business
international business
absolute advantage
comparative advantage
making, buying, and selling of goods and service within a cou…
business activities needed for creating, shipping, and sellin…
when a country can produce a good or service at a lower cost…
a situation in which a country specializes in the production…
domestic business
making, buying, and selling of goods and service within a cou…
international business
business activities needed for creating, shipping, and sellin…
44 terms
Principles of Business and Finance Objective 5.01
Credit
Trade Credit
Charge Account
Types of Charge Accounts
An agreement to obtain money, goods or services now in exchan…
Occurs when a company receives goods from a supplier and pays…
A contract between creditors and debtors. Allows debtors to r…
Regular - ex: charge acc. to singular worker... Budget - ex: cha…
Credit
An agreement to obtain money, goods or services now in exchan…
Trade Credit
Occurs when a company receives goods from a supplier and pays…
39 terms
Principles of Business and Finance Objective 5.02
Risk
Risk Management
Economic Risk
Personal Economic Risk
The possibility of incurring a loss.
The systematic process of managing risk to achieve set object…
A type of risk that results in financial loss
Result in personal losses
Risk
The possibility of incurring a loss.
Risk Management
The systematic process of managing risk to achieve set object…
39 terms
Principles of Business and Finance- Objective 3
Marketing functions
Marketing-information management
Product/service management
Pricing
Businesses are involved in the process of origin, pricing, pr…
involves obtaining, managing, and using information about pro…
include several businesses involved with designing, developin…
Pricing involves determining and communicating the value of p…
Marketing functions
Businesses are involved in the process of origin, pricing, pr…
Marketing-information management
involves obtaining, managing, and using information about pro…
10 terms
Principles of Business and Finance- Objective 1
Imports
Exports
Balance of trade
Multinational corporation
goods and services one country buys from another country
goods and services one country sells to another country
the difference in value between how much a country imports an…
a company that does business and has facilities in many count…
Imports
goods and services one country buys from another country
Exports
goods and services one country sells to another country
25 terms
Principles of Business & Finance - Objective 2.02
Management
Planning
Organizing
Staffing
The process of achieving company goals by effective use of re…
Analyze information, set goals based on information, and make…
To arrange resources in order by assigning and coordinating t…
To obtain, train, and compensate employees to accomplish the…
Management
The process of achieving company goals by effective use of re…
Planning
Analyze information, set goals based on information, and make…
38 terms
Principles of Business & Finance - Objective 4.03
appreciation
bear market
bond
bull market
increase in value over time
A market condition in which the prices of securities are fall…
a certificate of debt (usually interest-bearing or discounted…
Occurs when investors are optimistic about the economy and bu…
appreciation
increase in value over time
bear market
A market condition in which the prices of securities are fall…
41 terms
Principles of Business & Finance -Objective 2.01
Sole Proprietorship
Partnership
Corporation
Partnership Agreement
a business owned and run by just one person. It is the most c…
a business owned and controlled by two or more people who hav…
a separate legal entitiy formed by documents filed with your…
a written agreement among all owners of a partnership
Sole Proprietorship
a business owned and run by just one person. It is the most c…
Partnership
a business owned and controlled by two or more people who hav…
24 terms
Principles of Business & Finance - Objective 3.01
Marketing
Marketing Strategy
Target Market
Marketing Mix
the process of planning and executing the conception, pricing…
a company's plan to achieve its goals
a specific group of consumers that have similar wants and needs
the blending of four marketing elements-product, distribution…
Marketing
the process of planning and executing the conception, pricing…
Marketing Strategy
a company's plan to achieve its goals
30 terms
Principles of Business Vocabulary Objective 5.01
Annual Percentage Rate
Bankruptcy
Capacity
Capital
(APR) the percentage cost of credit on a yearly basis
the legal process of reducing or eliminating an amount owed
refers to a person's ability to pay a debt when it is due
the value of a borrower's possessions, including money and pr…
Annual Percentage Rate
(APR) the percentage cost of credit on a yearly basis
Bankruptcy
the legal process of reducing or eliminating an amount owed
22 terms
Principles of Business & Finance - Objective 3.02
Marketing Strategy
Marketing Strategy Steps
Target Market
Marketing Mix
Provides vital information on how a business will meet its go…
Identifty Target Market... Marketing Mix
A group of people with similar needs and wants
The blending of the marketing elements... (product, price, place…
Marketing Strategy
Provides vital information on how a business will meet its go…
Marketing Strategy Steps
Identifty Target Market... Marketing Mix
38 terms
Principles of Business and Finance- Objective 2.05
Agriculture
word-of-mouth
Business
fraud
The United States Department of ____________________ offers p…
Consumer information you get from other people who have tried…
If you plan to buy a product at a particular store, you could…
____________________ occurs when consumers are given false in…
Agriculture
The United States Department of ____________________ offers p…
word-of-mouth
Consumer information you get from other people who have tried…
30 terms
Principles of Business and Finance- Objective 1.02
Gross domestic product (GDP)
Categories that make up GDP
GDP per capita
Unemployment rate
a country's total dollar value of all final goods and service…
Consumer spending, business spending, government spending, ex…
a country's output per person
includes the people of the labor force that are not working,…
Gross domestic product (GDP)
a country's total dollar value of all final goods and service…
Categories that make up GDP
Consumer spending, business spending, government spending, ex…
30 terms
Principles of Business and Finance- Objective 1.01
Needs
Wants
Goods
Services
Things required in order to live, including Food, water, air,…
Things that add pleasure or comfort to your life, such as a v…
Things you can see and touch; products
Activities that are consumed the same time they are produced.…
Needs
Things required in order to live, including Food, water, air,…
Wants
Things that add pleasure or comfort to your life, such as a v…
33 terms
Principles of Business and Finance- Objective 1.03
domestic business
international business
absolute advantage
comparative advantage
making, buying, and selling of goods and service within a cou…
business activities needed for creating, shipping, and sellin…
when a country can produce a good or service at a lower cost…
a situation in which a country specializes in the production…
domestic business
making, buying, and selling of goods and service within a cou…
international business
business activities needed for creating, shipping, and sellin…
19 terms
Principles of Business and Finance- Objective 2.04
computer networks
computer system
intranet
artificial intelligence (AI)
computers linked so users can share hardware, software, and d…
the configuration that includes all functional components of…
a local computer network based on the same communication stan…
software that enables computers to reason, learn, and make de…
computer networks
computers linked so users can share hardware, software, and d…
computer system
the configuration that includes all functional components of…
31 terms
Principles of Business & Finance -Objective 2.01
Sole Proprietorship
Partnership
Corporation
Partnership Agreement
a business owned and run by just one person. It is the most c…
a business owned and controlled by two or more people who hav…
a separate legal entitiy formed by documents filed with your…
a written agreement among all owners of a partnership
Sole Proprietorship
a business owned and run by just one person. It is the most c…
Partnership
a business owned and controlled by two or more people who hav…
38 terms
Principles of Business and Finance- Objective 2.05
Agriculture
word-of-mouth
Business
fraud
The United States Department of ____________________ offers p…
Consumer information you get from other people who have tried…
If you plan to buy a product at a particular store, you could…
____________________ occurs when consumers are given false in…
Agriculture
The United States Department of ____________________ offers p…
word-of-mouth
Consumer information you get from other people who have tried…
19 terms
Principles of Business and Finance- Objective 2.04
computer networks
computer system
intranet
artificial intelligence (AI)
computers linked so users can share hardware, software, and d…
the configuration that includes all functional components of…
a local computer network based on the same communication stan…
software that enables computers to reason, learn, and make de…
computer networks
computers linked so users can share hardware, software, and d…
computer system
the configuration that includes all functional components of…
12 terms
Principles of Business and Finance- Objective 4.01
Start-up
Operation
Expansion
Financial performance ratios
Financial planning includes determining the amount of money n…
Financial planning includes determining whether they are maki…
Financial planning includes determining whether enough money…
are comparisons using a company's financial data to determine…
Start-up
Financial planning includes determining the amount of money n…
Operation
Financial planning includes determining whether they are maki…
30 terms
Principles of Business and Finance- Objective 1.02
Gross domestic product (GDP)
Categories that make up GDP
GDP per capita
Unemployment rate
a country's total dollar value of all final goods and service…
Consumer spending, business spending, government spending, ex…
a country's output per person
includes the people of the labor force that are not working,…
Gross domestic product (GDP)
a country's total dollar value of all final goods and service…
Categories that make up GDP
Consumer spending, business spending, government spending, ex…
42 terms
Principles of Business and Finance- Objective 4.02
Federal Reserve System
Depository
Commercial Bank
Savings and Loan
(Fed) is a centralized banking system;to supervise and regula…
Earns money to finance their business by accepting deposits f…
which offer many different services, including savings, loans…
which traditionally specialize in savings and home loans, but…
Federal Reserve System
(Fed) is a centralized banking system;to supervise and regula…
Depository
Earns money to finance their business by accepting deposits f…
23 terms
Principle of Business and Finance- Objective 2.03
Natural
Processing
Mass production
Inventory management
These resources are raw materials supplied by nature.
Involves changing and improving the form of another product.
An assembly process that makes a large number of identical pr…
Maintains the supply of all resources needed for production a…
Natural
These resources are raw materials supplied by nature.
Processing
Involves changing and improving the form of another product.
13 terms
Principles of Business
Scarcity
Controlled Economy
Free Economy
Mixed Economy
the result of unlimited wants and needs combined with limited…
an economic system where the government attempts to own and c…
an economic system in which resources are owned by individual…
an economic system in which some goods and services are provi…
Scarcity
the result of unlimited wants and needs combined with limited…
Controlled Economy
an economic system where the government attempts to own and c…
30 terms
Principles of Business and Finance- Objective 1.02
éGross domestic product (GDP)
Categories that make up GDP
GDP per capita
Unemployment rate
a country's total dollar value of all final goods and service…
Consumer spending, business spending, government spending, ex…
a country's output per person
includes the people of the labor force that are not working,…
éGross domestic product (GDP)
a country's total dollar value of all final goods and service…
Categories that make up GDP
Consumer spending, business spending, government spending, ex…
Principles of Business and Finance- Objective 1.03
domestic business
international business
absolute advantage
comparative advantage
making, buying, and selling of goods and service within a cou…
business activities needed for creating, shipping, and sellin…
when a country can produce a good or service at a lower cost…
a situation in which a country specializes in the production…
domestic business
making, buying, and selling of goods and service within a cou…
international business
business activities needed for creating, shipping, and sellin…
20 terms
Principles of Business and Finance- Objective 3.02
Competitive Advantage
Positioning
Market Position
Brand
the set of unique features of a comapnay and its products tha…
developing a specific marketing mix to influence potential cu…
Unique image of a product or service om a customers' mind rel…
design, symbol, term, or word that identifies a company or pr…
Competitive Advantage
the set of unique features of a comapnay and its products tha…
Positioning
developing a specific marketing mix to influence potential cu…
38 terms
Principles of Business and Finance- Objective 2.05
Agriculture
word-of-mouth
Business
fraud
The United States Department of ____________________ offers p…
Consumer information you get from other people who have tried…
If you plan to buy a product at a particular store, you could…
____________________ occurs when consumers are given false in…
Agriculture
The United States Department of ____________________ offers p…
word-of-mouth
Consumer information you get from other people who have tried…
25 terms
Principles of Business & Finance - Objective 2.02
Management
Planning
Organizing
Staffing
The process of achieving company goals by effective use of re…
Analyze information, set goals based on information, and make…
To arrange resources in order by assigning and coordinating t…
To obtain, train, and compensate employees to accomplish the…
Management
The process of achieving company goals by effective use of re…
Planning
Analyze information, set goals based on information, and make…
24 terms
Principles of Business & Finance - Objective 3.01
Marketing
Marketing Strategy
Target Market
Marketing Mix
the process of planning and executing the conception, pricing…
a company's plan to achieve its goals
a specific group of consumers that have similar wants and needs
the blending of four marketing elements-product, distribution…
Marketing
the process of planning and executing the conception, pricing…
Marketing Strategy
a company's plan to achieve its goals
19 terms
Principle of Business and Finance- Objective 2.01 Crossword
Partnership
Vote
Unlimited
By proof of existence
Two or more persons to carry on as co-owners of a business fo…
Each stock equals one _______ at the shareholder meeting
Type of liability in which you can lose all your assets
Formed by the way two or more people conduct their business
Partnership
Two or more persons to carry on as co-owners of a business fo…
Vote
Each stock equals one _______ at the shareholder meeting
24 terms
Principles of Business & Finance - Objective 3.01
Marketing
Marketing Strategy
Target Market
Marketing Mix
the process of planning and executing the conception, pricing…
a company's plan to achieve its goals
a specific group of consumers that have similar wants and needs
the blending of four marketing elements-product, distribution…
Marketing
the process of planning and executing the conception, pricing…
Marketing Strategy
a company's plan to achieve its goals
23 terms
Principle of Business and Finance- Objective 2.03
Natural
Processing
Mass production
Inventory management
These resources are raw materials supplied by nature.
Involves changing and improving the form of another product.
An assembly process that makes a large number of identical pr…
Maintains the supply of all resources needed for production a…
Natural
These resources are raw materials supplied by nature.
Processing
Involves changing and improving the form of another product.
14 terms
Principle of Business and Finance- Objective 2.02
Top Management
Supervisors
Mid-management
Tactical
Company Executives
First level of management
Specialists in a specific are of the business
Directed and controlling style of management
Top Management
Company Executives
Supervisors
First level of management
14 terms
Principle of Business and Finance- Objective 2.02
Top Management
Supervisors
Mid-management
Tactical
Company Executives
First level of management
Specialists in a specific are of the business
Directed and controlling style of management
Top Management
Company Executives
Supervisors
First level of management
13 terms
Principle of Business and Finance- Objective 2.02
Top Management
Supervisors
Mid-management
Tactical
Company Executives
First level of management
Specialists in a specific are of the business
Directed and controlling style of management
Top Management
Company Executives
Supervisors
First level of management
14 terms
Principle of Business and Finance- Objective 2.02
Top Management
Supervisors
Mid-management
Tactical
Company Executives
First level of management
Specialists in a specific are of the business
Directed and controlling style of management
Top Management
Company Executives
Supervisors
First level of management
12 terms
Principles of Business
Consumer
Needs
Wants
Products
Someone who uses goods or services.
Things that are necessary for survival.
Are not necessary for survival but add pleasure
physical goods or services
Consumer
Someone who uses goods or services.
Needs
Things that are necessary for survival.
44 terms
Principles of Business Final Exam Study guide OBJECTIVE 5
Justin paid 20 at the end of a doctors…
A local food company filed an insuranc…
A store relocated to a larger building…
A distributor remodeled its facilities…
A
A
C
C
Justin paid 20 at the end of a doctors…
A
A local food company filed an insuranc…
A
85 terms
Principles of Business Unit 1
wants
needs
competition
goods
things we wish we could have that usually add to the comforts…
things required for survival; food, clothing, shelter
the battle between businesses for consumers that purchase sim…
a product that can be physically weighed and measured; tangible
wants
things we wish we could have that usually add to the comforts…
needs
things required for survival; food, clothing, shelter
46 terms
Principles of Business Final Exam Study Guide OBJECTIVE 4
Ted projected that his business revenu…
Kate projected that her business reven…
Tonya projected that her business expe…
Paul projected that his business expen…
C
C
C
C
Ted projected that his business revenu…
C
Kate projected that her business reven…
C
66 terms
Principles of Business Unit 1, Objectives 1.01-1.03
Economic Resources are also called
Economic Resources
Four economic resources
Natural Resources
Factors of production
The means through which goods and services are produced
Natural Resources, Human Resources, Capital Resources, and En…
Raw materials supplied by nature
Economic Resources are also called
Factors of production
Economic Resources
The means through which goods and services are produced
48 terms
Principles of Business and Fiance: Objective 4.01 Financial Management Vocabulary
Accounts Payable Records
Accounts Receivable Record
Asset
Asset Records
Identifies the companies from which credit purchases were mad…
identifies customers that made purchases using credit and the…
What is owned
Name the buildings and equipment owned by the business, their…
Accounts Payable Records
Identifies the companies from which credit purchases were mad…
Accounts Receivable Record
identifies customers that made purchases using credit and the…
Objective 1.01_Principles of Business and Finance Test 1
Jewel Manufacturing Company changed it…
Which is an example of consumers estab…
Which is an example of consumers setti…
An example of a value for a market eco…
How to produce?
The purchase of iPhone applications increasing daily.
Consumers bought less of the old version of a video game one…
Local company choosing to produce gaming software.
Jewel Manufacturing Company changed it…
How to produce?
Which is an example of consumers estab…
The purchase of iPhone applications increasing daily.
64 terms
Principles of Business and Finance Test 1: Objective 1.01 (501)
An example of a value for a market eco…
Which is an example of a company estab…
Brandon towing company added flat tire…
Bryers ice cream company plans to incr…
Local company choosing to produce gaming software
Walmart sends only 5 touchscreen computers to each store
what to produce
producers establish supply
An example of a value for a market eco…
Local company choosing to produce gaming software
Which is an example of a company estab…
Walmart sends only 5 touchscreen computers to each store
24 terms
Principle of Business Final Exam Study Guide OBJECTIVE 3
Office Depot sells office supplies and…
Dr. Scholl's provides a variety of pro…
Joan read a newspaper article about a…
Brad refuses to eat a new product beca…
d
d
c
b
Office Depot sells office supplies and…
d
Dr. Scholl's provides a variety of pro…
d
11 terms
Business Objective
SMART
AIM (Business Objective)
Corporate Objectives
Divisional Objectives
an acronym which can be used to provide a more comprehensive…
appropriate strategy, detailed plan of action, goal/target a…
"Chunks", break the goal down into specific details for opera…
goals set by senior managers to coordinate between all divisi…
SMART
an acronym which can be used to provide a more comprehensive…
AIM (Business Objective)
appropriate strategy, detailed plan of action, goal/target a…
68 terms
Principles of Business Unit 1, Objectives 1.01-1.03
Economic Resorces are also called
Economic Resources are
The 4 economic resources are:
Natural Resources:
Factors of production
The means through which goods and services are produced
Natural Resources, Human Resources, Capital Resources, and En…
Raw materials supplied by nature
Economic Resorces are also called
Factors of production
Economic Resources are
The means through which goods and services are produced
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