business types
Management style in which the manager likes to keep tight control over employees and make all decisions for the company
what is Authoritarian Management?
why are unions so powerful in the business force?
to ration limited scources.
How are prices used in our economy?
Doing the right thing
What does behaving ethiclly mean?
Comapny that transforms cotton into wearable clothing.
What might a manufacturing company do?
Management style in which the boss likes to give employees equal votes in business situations.
what is Democratic Management?
To assist in contract negotiations for all its local unions.
Whoever is willing to pay for a good or service.
Who receives goods and services in the economy?
acting with honesty.
What does integrity mean?
intangible activities.
What do service businesses sell?
A laid-back style of management that lets employees work independently. Encourages creativity.
what is Laissez-faire management?
actors and athletes are in these unions
who is included in Professional Unions?
an economic situation in which goods or shares are plentiful and buyers can keep prices down.
What is a buyer's market?
You should speak up.
What should you do when someone is unethical?
The heart of economics.
What is Decision Making?
Ronni's boss encourages him to be creative with ideas and lets them take initiative in meetings. His boss likes to step back and let him work. What management style is this?
Laissez-faire management
Both management and union members want business to go well, but they have different ideas on how to reach that.
why do management and unions often not get along?
A market condition where demand for a product or service significantly exceeds its supply, giving sellers the upper hand in pricing and sales.
What is a seller's market?
Be respectful and maintain eye contact during conversations.
How do you treat someone with respect?
Intermediaries who help move goods between producers and retailers by buying goods from producers and selling them to retailers.
What are wholesalers?
Dave joined a Tuesday-night bowling league with some of his coworkers. what actions is this in building positive relationships.
Get to know others in your work team
Labor unions became a strong force in the American business landscape as the country moved into the 20th century. And though union membership has declined since 1970 or so, about 11 percent of the American workforce remains unionized today
What is the history of unions?
The price at which customers will buy the same amount that producers supply
What is the market-clearing price?
Acting with The Rule Of Law.
What is an example of showing respect to a teacher?
A frequently purchased item that businesses keep on hand continuously because the demand for it is constant
What is a staple item?