Economics
Study of how resources are distributed to produce goods and services within a social system.
Economics
Involves developing plans, coordinating employees' actions to achieve the firm's goals, organizing people to work efficiently, and motivating them to achieve the business's goals.
Management
A strategic business model that involves promoting products and services in various markets around the world and adapting the product/service to the cultural norms, taste preferences and religious customs of the various markets.
Multi-domestic Strategy
A business owned and operated by one person.
Sole Proprietorship
a legally enforceable agreement that creates, defines, and governs mutual rights and obligations among its parties.
Contract
How many principles of business ethics are there?
12
The number of goods and services that consumers are willing to buy at different prices at a specific time.
Demand
Includes all the activities designed to provide goods and services that satisfy customers' needs and wants.
Marketing
A business strategy that involves selling products and services in different foreign markets without changing the characteristics of the product/service to accommodate the cultural norms or customs of the various markets.
Multi-national Strategy
A form of business organization in which two or more people own and operate the business together
Partnership
When does a copyright expire?
70 years after the death of the author.
the concept of meeting the needs of stakeholders while accounting for the impact meeting those needs has on employees, the environment, society, and the community in which the business operates.
The number of products that businesses are willing to sell at different prices at a specific time.
Supply
Deals with all activities that have to do with getting money and using it effectively.
Finance
A name, symbol, or design that identifies a product
Brand
A legal entity that exists independently of its owners
Owners are called shareholders
Corporation
A word, phrase, or symbol that identifies and distinguishes the source of the goods from all other parties.
Trademark
jobs you can get after completing a business degree or getting entrepreneurial training.
Business Careers
What does GDP stand for?
Gross Domestic Product
What are the three levels of management called?
Top Level
Middle Management
First Line (Supervisory)
Name a type of business etiquette that we went over.
Email, Cubicle, Meeting, Dress, Office, Dining, Phone
A business in which a business sells to another person the rights to use the business name and to sell a product or service in a given territory
Franchise
A government authority or license conferring a right or title for a set period, especially the sole right to exclude others from making, using, or selling an invention.
Patent
a form of social media marketing involving endorsements and product placement from influencers, people and organizations who have established an expert level of knowledge or social influence in their field.
Influencer
Communism, Socialism, Capitalism
What are the three stages of the Hierarchy of business goals?
Survive, Sustain, and Profit
The orderly collection and analysis of data that is used to obtain info about a specific marketing concern.
Market Research
Someone who has started a business to solve an issue within their community
Name three chapters of bankruptcy.
Name the five business career clusters.
Management/Administration, Finance, Marketing, IT, Tourism/Hospitality