Business Environment
Organization that provides goods or services to earn profits?
What is business
People who accept the risks and opportunities entailed in creating and operating a new business venture.
What is entrepreneurs
The most traditional and ancient types of economies in the world
What is a traditional economy
Those who can affect or be affected by a organization’s actions, objectives and policies
What is a stakeholder
A form of corporate self-regulation whereby a business monitors and ensures active compliance with the law, ethical standards, and/or societal norms.
What is corporate social responsibility (CSR)
The economic environment has to do with the relevant conditions in the certain economic system the business functions. These things could be things like the value of money, interest rates, tax rates, etc.
What is economic
How many gifts are given in the 12 days of christmas song?
What is 364
What kind of economy system does the United States have?
What is a market economy
Describes what a company wants to do now and informs day-to-day decision making.
What is a mission statement
What land animal can't jump
What is an elephant
Difference between a business’s revenues and its expenses.
What is profit
The financial resources needed to operate the business
What is capital
Who was the 16th president
Who is Abe Lincoln
Outlines what a company wants to be in the future. Outlines a company’s value and why it exists
What is a vision statement
A statistical view of a population, generally including age, gender, income, housing, education, cultural background, etc.
What is demographics
The government’s relationship with businesses. That involves laws, policies, political presence, tax, and other similar things.
What is political-legal
Name 3 entrepreneurs.
What is Jeff Bezos, Mark Zuckerberg, Bill Gates, Elon Musk, Sergey Brin, Richard Branson and Steve Jobs
A large part of the economic system is controlled by a centralized power
What is a command economy
What is the fastest spinning planet in our solar system?
What is jupiter
What are the 4 key trends causing rapid change in the business world
What is globalization, technology innovation and the information economy, social responsibility and demographics
Name the 5 ways a business benefits the community.
What is provide jobs, provide goods & services, create new innovations, many support charities and provide community help and increase tax income to local governments
List 2 examples of information resources
What is costumers lists, market forecast, the secret formula for the Krabby Patty etc.
A combination of different types of economic systems. This economic system is a cross between a market economy and command economy
What is a mixed economy
Name 3 examples of stakeholders
What is employees, management, customers, society, unions, suppliers, government, directors and creditors
What is a "triple bottom line"
What is people, planet and profit