Economic Indicators
A general increase in prices and fall in the purchasing value of money.
What is inflation?
The policies, practices, and systems that influence employees' behavior, attitudes, and performance.
One whose job involves a great deal of manual work.
What is a blue-collar worker?
A company's plan that identifies how it will use marketing to achieve its goals.
What is a marketing strategy?
No distinction between personal assets or business assets
What is unlimited liability?
The total amount of money that a country's government has borrowed, by various means.
What is national debt?
Process to address the organization's competitive challenges.
What is strategic management?
One hired for a specific time or to complete a specific assignment.
What is a temporary employee?
A specific group of customers that have similar wants and needs.
What is a target market?
corporation & individual (shareholder) is taxed.
What is double taxation?
The percentage share of the labor force that is jobless.
What is unemployment rate?
The organizations reason for being.
What is a mission statement?
An organized group of employees who negotiate with employers about issues, such as wages and working conditions.
What is a labor union?
Finding solutions to problems through carefully designed studies involving consumers.
What is marketing research?
the more you make, the more you're taxed; used in America.
What is the progressive tax system?
A period of temporary economic decline during which trade and industrial activity are reduced, identified by fall in GDP.
What is a recession?
The process through which the organization seeks applicants.
What is recruitment?
The comprehensive inclusion of people with differences in personal characteristics and attributes.
What is diversity?
The route a product follows and the businesses involved in moving a product from the producer to the final customer.
What is the channel of distribution?
The investor is not liable for more than the amount he or she has invested in the firm.
What is limited liability?
Reduction of the general level of prices in an economy.
What is deflation?
Helps ensure that employees' activities and outcomes are congruent with the organization's objectives.
Pay structure, incentives, and benefits. Labor and employee relations.
What is performance management?
The assignment of an employee to another job in the company with a similar level of responsibility
What is a transfer?
Any form of communication used to inform, persuade, or remind.
What is promotion?
The tax rate applicable to your next dollar of income; if I make one more dollar, how much of that dollar would I pay in taxes?
What is a marginal tax rate?