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Freshmen Focus
Term | Definition |
---|---|
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 |
Cunsumer | a person who gets or uses goods or services |
Efficiency | accomplishment of completing a job with minimum use of time and effort |
Entrepreneuship | the owner or manger of a business enterprise who, by risk and initiative, attempts to make profits |
Evaluate | to judge or determine the significance, worth, |
Industry | manufacturing, producing, or providing in a particular area |
Marketing | a set of activities that gets the product to the consumers1 |
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 obtaininga 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 |