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1.04
External Resources
Term | Definition |
---|---|
business community | individuals employed in local/area organizations |
business ethics | the basic principles that govern a business's actions |
business planning | defining your organization's goals, structure and future strategy |
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 |
Govrnment agencies | special government organizations set up for a specific purpose such as the management of recourses, financial oversight of industries or national security issues |
Market opportunities | A situation in which a product or service is potentially 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 |
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 qualified lead |
Resources | Any time that is used to accomplish another activity such as producing/providing goods and service |
Risks | The possibility of loss (failure) or gain (success) |
social media | Forms of electronic communications through which users build communities network share information etc. |
supplier | Vendors businesses from which other businesses buy goods or services |
vendor | A supplier of goods usually a wholesaler or distributor |