Help
Options
Didn't know it?
click below
click below
Knew it?
click below
click below
Don't Know
Remaining cards (0)
Know
retry
shuffle
restart
0:00
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
Normal Size Small Size show me how
301 Key Term
Business Essentials
| Term | Definition |
|---|---|
| Angel Investor | Someone who provides startup money to a new business |
| Asset | Anything of value that a business or individual owns |
| Bond | A piece of paper weather real or virtual that says a governing body or corporation will borrow an investor's money at a particular interest rate for a particular period of time. |
| Business | An organized effort to produce and/or distribute goods and services |
| Credit | The arrangement by which businesses and individuals can purchase now or later |
| Credit rating | The score assigned to a borrower based on a previous loans |
| Data based | A virtual storage unit for information |
| Dept | Money businesses or individual owe to others |
| Equity | Assets minus liabilities; also known as stockholders(or shareholders') equity, book value, and net worth |
| Executives | Top-level employees |
| Expenses | The money that business spends |
| Financial analysis | The process of planning, maintaining, controlling, and reporting the use of financial recourses |
| Financial records | Documents containing information maintaining, monitoring, controlling, and reporting the use out of a business |
| Financing | Funding a business activity or project through dept |
| For-Profit business | A business whose overall purpose is to earn a profit |
| Goal | An objective or want that you want to fulfill |
| Human resources | People who work to produce goods or services |
| Human Recourses management | The process of planning, staffing, leading, and organizing the employees of the business |
| Income | The money received by the resource owners and producers for supplying goods and services to consumers |
| Information management | The process of accessing, maintaining, evaluating, and disseminating business knowledge , facts, or data |
| Interest | The reward or cost of lending or borrowing money, usually figured as a percentage of the amount |
| Inventory management | The process of supervising and controlling the number of finished products a company has in stock |
| Job description | The official statement of job duties on employee must perform |
| Loan | A sum of money lent to business or an individual for a specific time period that is repayable with interest |
| Manager | An individual whose job involves planning, organizing, staffing, directing, and controlling for a business |
| Manufacturing | Changing the shape or forms of materials so that they are useful to consumers |
| Marketing | The process, communicating, delivering, and exchanging offerings that have value for costumers, clients, partners, and society at large |
| Merger | Two individuals business that combine t form one organization |
| Mission | A brief summary of what business owner wants a business to be doing |
| Nonprofit business | A business whose intent is to make enough money to support its mission |
| Offshoring | Producing goods in foreign countries |
| Operations | The day-to-day activities required business functioning |
| Orientation | Job preparation or induction training in which new employees are acquired with their surroundings, receive general information about the company and its policies, and are given specific information about their jobs |
| Outsourcing | Acquiring assistance from outside organizations/ consultants to perform primary business activities |
| Overhead | Business expenses for tings such as as a payroll, rent, and utilities |
| Production | The process or activity of producing goods and services |
| Profit | Monetary reward a business owner receives for taking the risk involved in investing in a business |
| Purchasing | The process of acquiring the goods and services necessary to keep production going and to accomplish business goals |
| Quality control | Ensuring the degree of excellence of a good or service |
| Recruiting | Seeking out and attracting qualified potential employees |
| Resource | Ant item that is used to accomplish another activity, such as producing/providing goods and services |
| Revenues | Sales or gross income |
| Strategic management | The process of planning, controlling, and organizing an organization or department |
| Strategic position | How a business measures up in a relation to the other business in their industry can involve the image or impression or organization |
| Strategies | Plans of action for achieving goals and objectives |
| Supervisor | An employee who oversees other employees |
| Tactics | Specific actions that will be used to carry out strategies |
| Technology | Specific applications to a business objectives or methods used to attain those objectives |
| Venture Capital | Invested money used for new business opportunities |
| Virtual services | Services provided through a medium of communication ( such as the internet), rather than a person |
| Vision | A summary of what a business owner wants to become |
Created by:
Pablo-
Popular Business sets