Business Administration + Management
The ability to guide, inspire, and influence others towards achieving a common goal or vision.
What is Leadership?
A financial term that represents the value of an individual's or entity's assets minus their liabilities. It is a measure of the overall financial position and wealth.
What is Net Worth?
The support and assistance provided to customers before, during, and after a purchase or interaction with a company or organization. It involves addressing customer inquiries, resolving issues, and ensuring customer satisfaction.
What is Customer Service?
The contest between several business' who sell similar goods and services to make sales.
What is Competition?
The various activities and strategies used to persuade, remind, or inform customers about a product or service. Activities can include advertising, public relations, sales promotions, personal selling, and digital marketing efforts.
What is Promotion?
The practice of effectively managing and coordinating the people within an organization to achieve its goals. It involves various activities such as recruitment, training, performance management, compensation, and benefits.
What is Human Resources Management?
A financial account provided by a bank or financial institution that allows individuals or businesses to deposit money, withdraw funds, and perform various financial transactions. It serves as a secure place to hold money and provides convenient access to funds.
What is a Bank Account?
Rules, laws, or guidelines established by a governing authority to govern and control certain activities or industries. They are put in place to ensure compliance, promote safety, protect the public interest, and maintain order.
What are Regulations?
An organization engaged in commercial, industrial, or professional activities with the goal of generating income or profit. It involves the production, sale, or provision of goods or services to customers.
What is a Business?
A business strategy that centers around focusing marketing tactics to reach target customers. It revolves around four principles: product, price, place, and promotion.
What is the Marketing Mix?
The skills used to resolve disagreements in a constructive and peaceful manner. These skills involve effective communication, active listening, and compromise. They help parties find mutually acceptable solutions.
What are Conflict-Resolution Skills
The ability of an individual or entity to borrow money or obtain goods or services with the understanding that they will make payment in the future. It is a form of trust extended by lenders or vendors based on the borrower's reliability and creditworthiness.
What is Credit?
The maintenance and cleanliness of a living or working space. It involves tasks such as tidying up to ensure a clean and orderly environment.
What is Housekeeping?
Also known as a stockholder, this person is an individual that owns shares or stock in a company. By owning shares, this person becomes a partial owner of the company and has certain rights and privileges.
What is a Shareholder?
Creating a strategic plan to effectively reach target customers in a specific market. It involves analyzing the market, understanding customer needs, setting goals, and developing strategies for pricing, promotion, and distribution.
What is Market Planning?
The process of creating goods or services through various activities, such as manufacturing, assembling, or providing a service. It involves transforming inputs, such as raw materials, labor, and capital, into outputs that satisfy the needs and wants of consumers.
What is Production?
The fraudulent use of someone else's personal information, typically for financial gain or other malicious purposes. It involves stealing sensitive information such as social security numbers, credit card details, or login credentials to impersonate the victim and carry out unauthorized transactions or activities.
What is Identity Theft?
A place to stay temporarily, typically when traveling or away from one's home. It includes various types of options, such as hotels, motels, bed and breakfasts, resorts, hostels, vacation rentals, and campgrounds.
What is Lodging?
Activities and strategies aimed at enhancing collaboration, communication, and cohesion within a group or team. It involves creating opportunities for team members to engage in shared experiences, develop relationships, and improve their ability to work together effectively.
What is Team Building?
The management of the different ways a company gets its products or services to customers. It involves selecting and working with distribution partners, setting pricing and promotion strategies, and ensuring products are available and delivered efficiently.
What is Channel Management?
The process of identifying, assessing, and prioritizing potential risks or uncertainties that may impact an organization's objectives. It involves analyzing potential threats, developing strategies to mitigate them, and implementing measures to control risks.
What is Risk Management?
Also known as a pay slip, this is a document provided by an employer to an employee that outlines the details of their earnings for a specific pay period.
What is a Pay Stub?
The measure of efficiency and output in relation to the resources used in a particular task or process. It is a measure of how effectively resources such as labor, capital, and time are utilized to produce goods or services.
What is Productivity?
A set of moral principles or values that guide individuals or groups in determining what is right or wrong, good or bad, and just or unjust. They provide a framework for individuals to navigate ethical dilemmas and make choices that align with their values.
What are Ethics?
The efforts made by a company to establish a unique and favorable perception of its product or brand in the minds of target customers. It involves crafting a distinct and desirable image or identity for the product or brand relative to competitors.
What is Positioning?