Chapters 1-3
External factors businesses influenced by
What is external factors such as the economy, government, consumer trends and public pressure?
Cheapest type of business to form
What is sole proprietorship?
Consists of all communications that flow along an organizations's official lines of authority.
Sometimes called the grapevine, goes to work whenever two or more employees get together and start talking about the company and their jobs.
two types of accounting
what is management and financial accounting?
Purpose of business
what is to offer value to customers, who pay for the value with cash or equivalents?
Five functions to run a business
What is management, Operation, Marketing, Finance, and Accounting?
Form of business where 'it' is a legal entity that is entirely separate from the parties who own it
What is a corporation?
Tips for writing an email
what is:
meaningful subject line
focused
proofread
show respect and restraint
identify yourself clearly
DON'T FLAME
what is generally accepted accounting principles and international financial reporting standards?
define discrimination
what is the unjust or prejudicial treatment of different categories or people or things?
Four Competitions
What is perfect competition, monopolistic, oligopoly and monopoly?
An organization formed to serve some public purpose rather than for financial gain
What is a non-for-profit corporation?
Three major branding strategies
what is private, generic, and manufacture branding?
Reports the changes in owner's equity that have occurred over a specified period of time
what is statement of owner's equity?
teamwork brings..
what is diverse areas of expertise to bear on organizational problems and projects?
Measures inflation by determining the change in prices of a hypothetical basket of goods bought by a typical household
What is Consumer Price Index (CPI)?
List at least 4 of the 10 typical sections of a business plan
What is
1.) executive summary
2.) description of proposed business
3.) industry analysis
4.) mission statement and core values
5.) management plan
6.) goods, services, and the production process
7.) marketing
8.) global issues
9.) financial plan
10.) appendices
Seven steps of product development
what is: 1.)evaluate opportunities
2.)get feedback to refine the product concept
3.)product performs and appeals
4.)define manufacturing in mind
5.)build and test prototypes
6.)run market tests and enter the ramp-up stage during which employees are trained in the production process
7.)launch the product
Money serves three basic functions
Whistleblower..
what is an individual who exposes illegal or unethical behavior in an organization?
Three P's
What is profit, people and planet?
Various levels of Maslow's theory of motivation
What is physiological, safety, social, esteem, and self-actualization?
facilities layouts
what is process, product, cellular, and fixed-position layout?
Financial institutions that accept deposits from customers
what is commercial banks, savings banks, and credit unions?
Financial institutions that don't accept deposits from customers
what is finance companies, insurance companies, and brokerage firms?