unit 1
primary, secondary and tertiary
what are the levels of economic activity?
autocratic, lassiez- faire, paternalistic, democratic
what are the different styles/types of leadership?
the action or business of promoting and selling products or services, including market research and advertising
what is marketing?
the administration of business practices to create the highest level of efficiency possible within an organization
what is operations management?
what is working capital?
number of employees, sales turnover, capital employed, market share, market capitalization
what are the 4 ways to measure businesses?
the capacity to be aware of, control, and express one's emotions, and to handle interpersonal relationships judiciously and empathetically.
what is emotional intelligence?
a marketing strategy in which select groups of consumers are identified so that certain products or product lines can be presented to them in a way that appeals to their interests
what is market segmentation?
a total output per one unit of a total input
profits, sales of assets, reduction in working capital
what is internal sources of finance?
management concept whereby companies integrate social and environmental concerns in their business operations and interactions with their stakeholders
what is CSR(corporate social responsibility)?
the process that initiates, guides, and maintains goal-oriented behaviors
what is primary research vs secondary research?
CAM & CAD
what is computer aided manufacturing and computer aided design?
direct, indirect, variable, fixed
an accounting framework that incorporates three dimensions of performance: social, environmental and financial
what is the triple bottom line?
what are the 6 motivational theories?
what is how do markets differ?
job, batch, flow, mass customization
what are different production methods?
fixed costs/selling price per unit
what is the break even equation?
businesses owned by the government vs businesses owned by entreprenuers
what is public vs private sector?
job rotation, job enlargement, job enrichment, job redesign
what are non-financial motivators?
total sales of business/total sales of industry x 100
what is the market share formula?
a proportionate saving in costs gained by an increased level of production.
what is economies of scale?
trading account, profit and loss account, appropriation account
what are the sections in an income statement?