Businesses
What is a service business?
focuses on a type of commercial business that uses mostly labor to offer mostly intangible products to satisfy consumer needs.
produces or distributes a good or service for profit is called a business.
What is finance?
Deals with all the money matters involved in running a business.
What does productivity refer to?
refers to producing the largest quantity in the least amount of time by using efficient methods and modern equipment.
What is a industrial business?
produce goods used by other businesses or organizations to make things.
What's a profit?
The difference between earned income and costs.
What do innovations affect?
Innovations affect the kinds of products and services offered for sale by other businesses.
By reducing the amount and variety of goods and services produced and the number of employees needed to produce them.
What is a commercial business?
Engaged in marketing.
Whats an industry?
A word often used to refer to all businesses that deal with producing and selling
What does effectiveness mean?
Means making the right decisions about what products or services to offer customers and the best ways to produce and deliver them.
What is empowerment?
Letting workers participate in determining how to perform their work tasks and offer ideas on how to improve the work process of the company.
What is a business?
An organization that produces or distributes a good or service for profit is called a business.
What is a production?
involves making a product or providing a service.
What does efficiency mean?
means producing products and services quickly, at low cost, without wasting time and materials.
What does business TODAY focus on?
It focuses on efforts on gathering information from consumers, studying their buying habits, testing new products with prospective customers, and adding new features to existing products
What is a global competition?
is the ability of businesses from one country to compete with similar businesses in other countries.
What does marketing include?
includes the activities between business and customers involved in buying and selling goods and services.
What are domestic goods?
products made by firms in the United States, must compete with foreign goods. And, they are Products made by firms in other countrie.
What do innovations affect??
affect the kinds of products and services offered for sale by other businesses.