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obj 1.04 vocabulary
external resources
Term | Definition |
---|---|
business community | individuals employed in local organizations |
business ethics | the basic principles that governor a business |
concept development | involves coming up with a detailed description of an idea explained from the perspective of your customer |
external resources | suppliers of inputs that come from outside a business |
government agencies | specials government organizations set up for a specific purpose such as the management of resources financial oversight of industries or national security issues |
market opportunity's | a situation in which a product or service is potently wanted or needed by consumers is identified by a business as not being supplied by rival companies |
mentor | an experienced worker who can act as a guide to new employees |
prospective customer | any person or business with potential to purchase a good service and or a idea |
network | to connect with individual's who might help accomplish personnel career and professional goals |
resources | any item that is used to accomplish another activity such as producing/providing goods and services |
risks | the possibility of loss or gain |
social media | forms of electronic communications through which users build communities network share info |
supplier | vendors businesses from which other business buy goods service |
vendor | a supplier of goods usually a wholesaler or distributor |