Business Leadership
A person who organizes and manages any enterprise, especially a business, usually with considerable initiative and risk
What is an Entrpreneur
A specific group of customers who will buy and use a product
What is Target Market
A systematic way of recording financial transactions for a business; focuses on reporting what the business did with the resources it had available
What is Accounting
People who can recommend someone for a job by verifying their work ethic, character and competency
What are References
Someone who assists in the buying and selling of stocks; usually compensated in commission fees
What is a Stockbroker
The functions of management are to Plan, Lead, Organize and _______________
What is Control
Product, Price, Place and Promotion
What is the Marketing Mix or
What are the 4 Ps of Marketing
Process involves seeking, securing and utilizing funds so that a business may be able to carry out effective and efficient operations
What is Business Finance
A diverse state agency dedicated to the safety, health and security of Washington's 2.5 million workers
What is Labor and Industries or
What is L & I
Where buyers and sellers make exchanges on a trading floor on Wall Street
What is the New York Stock Exchange
A group of individuals, elected to represent shareholders. They establish policies for corporate management and oversight, and make decisions on major company issues
What is a Board of Directors
This form of promotion is considered a non-personal message because it is one-way communication; may utilize print, broadcast, digital/social media or specialty products
What is Advertising
A financial statement that provides information about a company’s past performance; shows Income, Expenses and Net Profit/Net Loss
What is an Income Statement
A series of events, usually over first 90 days, that helps new employees integrate into culture of business and understand how to be successful in their day-to-day job
What is Onboarding
This barometer of the market measures and keeps track of stock prices for the top 30 US companies
What is Dow Jones
A collection of ideas which set forth general rules on how to manage a business or organization. Examples are Scientific, Administrative, Human Relations, Systematic, Bureaucratic, and X & Y
What are Management Theories
When customers are segmented and analyzed by D, G, P and B, what does the P represent?
What is Psychographics
A financial statement that provides information about a company’s present condition
Assets = Liabilities + Owners Equity
What is a Balance Sheet
For professional jobs, or sometimes at the request of the employer, resumes will be accompanied by this
What is a Cover Letter or
What is a Letter of Application
A quarterly payment of corporate profits distributed to stockholders
What are Dividends
In this management style, leaders run everything and makes all the decisions without consulting others. People/employees are expected to obey without questions
What is Autocratic
This pricing strategy sets the price for a product low in order to attract customers and gain market share. The price will be raised later once market share is gained
What is Penetration Pricing
External funding by raising money from a large number of people, who each contribute a relatively small amount; examples are Kickstarter or Indigogo
What is Crowd Funding
Often times this is the first question on an interview that should be answered with a 30 second speech
What is "Tell me about yourself"
Largest US market by volume of trading where stocks are traded over a sophisticated computer and telecommunications network
What is the NASDAQ