Ownership
Operations
Management
Organization
Technology
100
A person who organizes, manages, and assumes the risks of starting and operating a business.
What is an Entrepreneur
100
An independently owned business that usually has the owner as its manager.
What is a Small Business
100
The processes or functions of planning, organizing, leading and controlling
What is Management
100
The act of dividing responsibility among specific units or departments
What is Departmentalization
100
A business that operates on the internet.
What is a virtual business
200
This term applies when the owner is responsible for the all the company's debts
What is Unlimited Liability
200
Also known as distributors.
What is Wholesaler
200
Arranging resources in an orderly and functional way to accomplish goals and objectives.
What is Organizing
200
The act of giving authority to a number of different managers.
What is Decentralized Organization
200
This is the most common technology staple in business today.
What is a Computer
300
A contractual agreement to use the name and sell the products or services of a company in a designated geographic area.
What is Franchise
300
The process that involves getting consumers to buy a product or service.
What is Marketing.
300
The self managed team approach began in this country
What is Japan
300
An organizational structure in which managers on one level are in charge of those beneath them.
What is Line Authority
300
Businesses often call their stores and warehouses this.
What is Brick and Mortar
400
A written description of a new business venture that describes all aspects of the business.
What is a Business Plan
400
A business that moves goods from one business to another.
What is Intermediary
400
The act of keeping a company on track and making sure goals are met.
What is Controlling
400
The act of putting authority with top management
What is Centralized Organization
400
A company that has a physical retail location as well as an online business.
What is bricks-and-clicks.
500
An organization that is owned and operated by its members.
What is Cooperative
500
The buying and reselling of goods that have already been produced.
What is Procurement
500
Providing direction and vision.
What is Leading
500
The direct line of authority along with the staff who advise the line personnel.
What is Line and Staff Authority
500
This links all the steps in a process digitally.
What is Digital Workflow
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