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301 Vocab
business activities
| Term | Definition |
|---|---|
| Goals | Objectives you would like to achieve |
| Mission | Business goal |
| Business | An organization ran by people to make profit or non-profit |
| For profit | Goals based around financial gain |
| Non profit | Goals based around helping and giving back to the community |
| Resource | Things that you must obtain in order to make anything, sell, etc... |
| Business activities | Actions taken by businesses to generate profits or to reach financial goals |
| Profits | Financial gain |
| Production | Products being made |
| Financial analysis | process of planning, maintaining, monitoring, controlling and reporting |
| Overhead | Whatever it takes to run the business |
| Financing | When you are trying to organize your money, profits etc... |
| Angel investors | People who put money into a business in order to get them started |
| Debt | When you in the process of owing someone money |
| Bonds | A type of loan an investor gives out to some kind of organization |
| Loans | When you ask to borrow money with intentions of paying back later |
| Interest | A percentage that the person giving out a loan will receive |
| Equity | What the business owns or controls minus debt |
| Assets | A resource of value that you own or lease that helps you run your business |
| Accounting | Keeping accurate and useful financial records |
| Financial records | Records of any financial income or outgoing transactions |
| Expenses | Anything that costs you money |
| Human resources management | The process of planning, staffing, leading, and organizing employees |
| Human resources | Anything that a worker may need |
| Supervisors | The person who supervises anything and everything assigned below them |
| Managers | The person who manages smaller amounts of things, usually employees or sections of an organization |
| Executives | Run companies or government agencies |
| Recruiting | When you take certain people in to fulfill a position |
| Orienting | When employees are being taught their duties in the job position |
| Information management | Process of accessing, processing, maintaining, evaluating, and disseminating business knowledge, facts or data |
| Database | An online file that holds files based around an organization |
| Technology | Technology of knowledge to reach practical goals in a specifiable and reproducible way |
| Marketing | Process of creating, communicating, delivering, and exchanging offerings that have high value for customers, clients, partners, and society at large |
| Credit | A record that will allow business to know whether you are reliable or a liability |
| Operations | Day to day activities required for continued business functioning |
| Manufacturing | "Makes" the goods |
| Quality control | Ensuring that the product meets predetermined standards |
| Purchasing | Refers to a business acquiring the goods and services it needs to keep production going and to accomplish its business goals |
| Inventory Management | Involves overseeing and controlling the number of finished products the business has available for sale |
| Strategic Management | Process of planning, controlling, and organizing an organization or department |
| Vision | Long term planning of a objective you want to fulfill in the future |
| Strategies | Formulation and implementation of the major goals and initiatives taken by the organizations managers on behalf |
| Tactics | Strategies you have put down in order to achieve something |
| Revenues | Money that comes in |
| Credit rating | The measure of your credit? |
| Job description | The description of a job so that people know what duties they will need to fulfill |
| Merger | When businesses come together to form one |
| Outsourcing | When a company buys a product and sells it as their own or puts their product in it |
| Virtual Service | A service that can be sold online |
Created by:
juan.r209
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