Leadership & Management
The person in charge of a team or company is called a
Manager/Leader
A group of people working together to reach a goal is called a
Team
A company that sells goods or services for profit is called a
Business
The money a business earns from sales.
Revenue
The activity of promoting and selling products.
Marketing
The process of guiding and motivating people to reach goals.
Leadership
When team members share ideas and help each other, it’s called
Collaboration
The people who buy a company’s products are its
Customers
The money a business spends to operate.
Expenses
The 4 Ps of marketing are Product, Price, Place, and
Promotion
This type of leader makes decisions by asking for team input.
Democratic Leader
Good communication means you do this as well as talk.
Listen
The person who starts a business is called an
Entrepreneur
Profit is what’s left after you subtract expenses from
revenue or sales
A symbol or name that identifies a company’s product.
Setting goals and deciding how to reach them is called
Planning
What’s one thing that can cause team conflict?
poor communication, different opinions, or unfair workload
A written plan that describes a company’s goals is a
Business plan
A list that shows how much a company earns and spends.
budget
A short phrase used to attract customers.
Slogan
The management style where the boss tells people exactly what to do.
Autocratic management
When everyone agrees on a decision, that’s called
Consensus
A short sentence that explains what a company wants to achieve.
Mission Statement
The money a business owns is called its
Assets
The group of people most likely to buy your product.
Target market?