General business
This type of organization does most of the same activities as a business. It differs because it is focused on providing a social good, not on making a profit.
What is a non profit organization?
What is a soft or interpersonal skill?
This is an extra cost that restricts trade, acts as a tax levied on imports, and is usually passed on to the consumer.
What is a tariff?
The US is a mixed economy that values capitalism. Since capitalism relies on competition, consumer ____ is extremely important in the United States.
What is a cohesive team?
This type of company operates on a worldwide scale without ties to any specific nation or region. It has a physical presence in multiple nations. It abides by the rules of its home country.
What is a multinational firm?
What is a bribe?
This term refers to two consecutive three-month periods of decline in a country's GDP.
What is recession?
Who is the government, or the state?
If you are making sandwiches as a product, the bread, sauces, meat, cheese, and veggies are an example of _____ resources.
What are material resources?
If you are a low cost provider, you have to have the cheapest product. If you aren't the cheapest, you have to _____ your product for customers. This explains to them why your product is worth more money.
What is differentiate?
You have worked in your job for 10 years and just got a big promotion within the same company. Is this desirable or undesirable employee turnover?
What is desirable employee turnover?
What is inflation?
Of all the things we sell and ship to other countries, the most common is mineral fuels, including crude oil, refined petroleum, and natural gas. That makes these our top ____.
What is exports?
When you hire a role on your team, you will share a job description, which explains the job. You will also share the job _____, which explain what qualifications the ideal candidate has.
This is the organized effort of individuals to produce and sell, for a profit, the goods and services that satisfy a society's needs.
What is business?
If you start at your first company and you want to learn about the chain of command, reporting structures, and the span of control, this is a good place to start.
What is the organizational chart?
A local business is in the news because they have been polluting the river by dumping toxic waste into it. This is an example of bad ____ ____ for the company.
What is Public Relations?
This used to be a massive, profitable business in the US. However, public sentiment turned against this product due to unethical choices by leadership, health concerns over long-term use, and advertising to children. Now this product is in decline.
What are cigarettes / What is the tobacco industry?
Your manager is responsible for regularly meeting with you to review your progress towards objectives, and give you feedback about how you could be doing your job more effectively. What is this conversation called?
What is the performance review or performance appraisal?
Regulators, customers, employees, the media, the government, shareholders, and others who are impacted by the decisions your company make are referred to as ______.
You are the best employee on your team because you can get more work done faster and with fewer resources than your peers. This means you are more ____ than the the rest of the team.
What is productive?
In the 1980s Coca Cola introduced "New Coke" - a new recipe that no one asked for and no one wanted. This is an example of a product failure. Most products fail because they are not ____ or ____ adequately.
What are planned and tested?
The United States economy started with farming. During the Industrial Revolution we began an era of mass production, and our economy pivoted primarily to manufacturing. What kind of an economy do we have now?
Management works often with this department, which is responsible for employee recruiting, selection, training, compensation, benefits, and employee relations.
Whats is Human Resources?