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unit 6

business management vocabulary

QuestionAnswer
administration the management of any office, business, or organization
business an occupation, profession, or trade
business plan a detailed plan setting out the objectives of a business, the strategy and tactics planned to achieve them, and the expected profits, usually over a period of three to ten years
consumer a person who gets or uses goods or services
efficiency accomplishment of completing a job with minimum use of time and effort
entrepreneurship the owner or manager of a business enterprise who, by risk and initiative, attempts to make profits
evaluate to judge or determine the significance, worth, or quality of
industry of, relating, or characterized by industry
marketing A set of activities that gets the product to the consumers
producer person who creates or provides a good or service
profits monetary gain through business
spreadsheet worksheet that contains analysis of related entries created for easy reference on a single sheet
strategy plan or method for obtaining a specific goal or result
supply and demand relationship between the amount of product and the desire for the product
tactics procedure for gaining advantage or success
Created by: mccalljames
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