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business for profit
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3.01 Vocab
Business Activity
| Term | Definition |
|---|---|
| Goals | objectives that business will achieve |
| business for profit | operates to make money |
| financial analysis | that process of planning ,maintaing monitoring ,controlling , reporting the us e of fiancial resources |
| mission | to travel |
| business | work |
| nonprofit | makes money to specific journey |
| resources | to support, and information effectivily |
| business activities | to make a profit |
| profits | a valuable go back |
| production | is keep on going |
| overhead | expenses , whatever it takes to run the business |
| financing | debt and equality |
| angel investors | long -term growth |
| debt | owned someone fiances |
| bonds | out back |
| loans | that require principal |
| interest | repayment over time |
| Equity | what the business owns or controls minus debts. |
| assets | to welfare particular undertaking |
| accounting | being useful |
| financial records | to ananlyz the information |
| expenses | the fees |
| income | money recieved |
| Human resources management | long terms , planning and organizations |
| human resources | the department within a business that is responsible for all things worker-related |
| supervisors | supervisor's overall role is to communicate organizational needs, oversee employees |
| managers | responsible for leading and supervising employees |
| executives | covers everything the business needs in this regard. |
| Recruiting | appropriate employees |
| Orienting | new employees to their jobs |
| information management | knowledge, facts, or data |
| database | such as run an advanced inquiry on a company |
| technology | over time to change and change |
| Marketing | creating, communicating, delivering, and exchanging offerings , clients, partners, and society at large. |
| credit | need to purchasing the producted |
| operations | day-to-day activities |
| manufacturing | makes” the good |
| Quality control | attempts to keep this type of situation from going on |
| Purchasing | goods and services it needs to keep production going and to accomplish its business goals |
| Inventory management | . Keeping the right inventory balance is an important part of the operations activity |
| Strategic management i | dtermine to succed the goasl |
| tactics | moslty to change |
| visions | business a clear focus, and can stop you heading in the wrong direction |
| strategies | support those goals |
| credit rating. | Salaries for employees in research and development |
| job descriptions | new tasks |
| merger | between two large businesses |
| outsourcing | outside organizations or consultants to perform one or more of the primary business activities |
| a virtual srvice | medium of communication |
Created by:
ashley.p709
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