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1.04 Key Terms
External Resources
Term | Definition |
---|---|
business community | individuals employed in local/area organizations |
business ethics | the basic priciples that govern a business actions |
business planning | defining your organizations goals, structure and future stratedgy |
concept development | involves coming up with detailed description of an idea explained from the prespective of your customer |
external recourses | suppliers of inputs that come from outside a business |
goverment agencies | special goverment organizations set up for a specific purpose such as the management of recourses, financial oversight of industries or national security issues |
market opportunites | a situationn in which a product or service is potentially wanted or needed by consumers |
mentor | an expirenced worker who can act as a guide to new employees |
network | to connect with individuals who might help accomplish personal, career, and professional goals. |
prospective customer | any person or business with the potential to purchase a good service or idea |
resources | any item that is used to accomplish another activity such as producing/ providing good . |
risks | the possibility of loss or gain |
social media | forms of electronic communications through which users build communities. |
supplier | vendors businesses from which other businesses buy goods or servives |
vendor | a supplier of goods usually a wholesaler or distributor |