Save
Busy. Please wait.
Log in with Clever
or
show password
Forgot Password?
Don't have an account?  Sign up 
Sign up using Clever
or
Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account. Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't Know
Remaining cards (0)
Know
0:00
edit
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Vocab 7

-

TermDefinition
Market Research Identification of a specific market and measurement of its size and other characteristics. Information is collected from direct observation of the consumers, mail surveys, interviews, and from published sources
Customer orientation An approach to sales and customer-relations in which staff focus on helping customers meet their long-term needs and wants.
Organizational (Company) Commitment Feeling of responsibility an employee has towards the mission of the organization
Product Research Identification of a need or want and the characteristic of the good or service that will satisfy it.
Consumer Research Identification of the preferences, motivations, and buying behavior of the targeted customer.
Marketing mix controllable elements of a products marketing plan commonly termed as 4ps: product, price, place, and promotion
Product Anything, good or service, offered by the company.
Price The amount of money a customer is willing to pay for a product and the seller is willing to sell the product for.
Place/Distribution Methods of transporting and storing goods, and then making them available for the customer.
Promotion Communicating with customers, information that will insist them in making a decision to purchase a product or service.
Liability Being responsible, by law, for something.
Sole Proprietorship Business owned and run by one individual with no distinction between the business and the owner. The owner is entitled to all profits and they are responsible for all of the business’s debts, losses and liabilities.
Partnership A single business where two or more people share ownership.
General Partnership Profits, liability and management duties are divided equally among partners.
Limited Partnership Limited partnerships allow partners to have limited liability as well as limited input within management decisions.
Corporation An independent legal entity owned by shareholders.
Private Does not offer shares for sale to the general public.
Subchapter S Has 100 or fewer shareholders and must adhere to governmental policies. Taxed as a partnership (a lower taxation than other corporations).
Public Offers shares for sale to the general public.
Nonprofit Operates to accomplish a specific mission, not to make profit.
Franchise An authorization granted by a government or company to an individual or group enabling them to carry out specified commercial activities.
Management The process of dealing with or controlling things or people.
Top level managers Responsible for the entire organization; conduct strategic planning.
Mid level managers Conduct tactile planning; spend time doing, planning organizing, and controlling activities.
First line managers Spend most of their time doing staffing, directing, and controlling activities.
Planning Process of selecting and developing the best course of action to accomplish an objective.
Organizing Determining task, establish structure, allocation of resources, and development of procedures.
Staffing Allocates employees to tasks based on their experience to manage work flow.
Directing Taking command and delegating instructions.
Controlling Formal measurement and analysis of actions at established check points.
Created by: Aj1221
Popular Business sets

 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
Retries:
restart all cards