a particular group of consumers at which a product or service is aimed
What is Target Market
100
A person who is responsible for the work of others
What is a manager
100
A buzzword describing new, high-growth industries that are on the cutting edge of technology and are the driving force of economic growth.
What is the new economy
100
Producing goods is __________ intensive
What is capital
200
the money received by an employee from an employer as a salary or wages
What is Compensation
200
Establishes organizational objectives
What is upper management
200
Skills are initially acquired through formal education and are further developed by training and job experience
What are technical skills
200
The next generation that will soon be moving into the workforce.
What is Gen Z
200
Producing services is _________ intensive
What is labour
300
studies the behavior of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firms.
What is microeconomics
300
Manages non-managerial workers
What is lower level management
300
An ability to interact with people
What are human skills
300
The generation that is currently retiring from the workforce
What are baby boomers
400
is a sustained increase in the general price level of goods and services in an economy over a period of time.
What is inflation
400
Work in specialized support areas such as marketing, accounting, human resources, and the legal department to support the efforts of line workers
What is staff managers
400
Work in non-profit organizations
Example: principal
What is administration
400
a distributed innovation process based on purposively managed knowledge flows across organizational boundaries, using pecuniary and non-pecuniary mechanisms in line with the organization's business model
What is Open Source innovation
400
Which country allows their students to start specializing in fields of interest at an early age?
What is Switzerland
500
This type of system is based on this type of social system which allows for greater privatization of the resources of the country.
What is A Free Market System
500
Their work directly contributes to the production of the organization’s basic goods or services
What are line managers
500
The four functions of management
What is planning, leading, organizing, controlling
500
When a job, which ten years ago only required a high school education, now requires a bachelor's degree or higher. Other jobs, once requiring only a bachelor's degree, now require a master's degree.
What is education inflation
500
How has business changed?
What is Online business, working 24/7, flexible work environment, globalization, information overload