AN ORGANIZATION THAT PRODUCES OR DISTRIBUTES A GOOD OR SERVICE FOR PROFIT
What is a business
100
INTANGIBLE PRODUCTS THAT USE MOSTLY LABOR TO SATISFY CONSUMER NEEDS
What is services
100
ABOUT HOW MANY BUSINESSES OF ALL KINDS ARE THERE IN THE UNITED STATES?
22 million
100
USED TO CLEARLY IDENTIFY, IN WRITING, ALL ASPECTS OF YOUR BUSINESS.
Business Plan
100
AN INDIVIDUAL WHO ASSUMES THE RISK OF BUSINESS OWNERSHIP
Entrepreneurship
200
A WORD OFTEN USED TO REFER TO ALL BUSINESSES WITHIN A CATEGORY.
What is an industry
200
PRODUCING NEEDED GOODS OR SERVICES QUICKLY AND AT A LOW COST
What is efficiency
200
WHAT ARE THE TWO MAIN CAUSES FOR BUSINESS FAILURE?
Economic and finance causes
200
A BRIEF STATEMENT CLEARLY DEFINING WHAT YOUR BUSINESS IS ABOUT.
Mission Statement
200
A BUSINESS OWNED AND OPERATED BY TWO OR MORE PEOPLE
Partnership
300
FIRMS THAT PRODUCE GOODS THAT ARE OFTEN USED BY OTHER BUSINESSES OR ORGANIZATIONS TO MAKE THINGS
What is an industrial business
300
MAKING THE RIGHT DECISIONS ABOUT WHAT PRODUCTS OR SERVICES TO OFFER CUSTOMERS AND HOW TO PRODUCE AND DELIVER THEM
What is effectiveness
300
WHICH TWO TYPES OF BUSINESSES EMPLOY THE MOST WORKERS?
1. General Services
2. Wholesale and Retail Trade
300
BUSINESS PLANS HELP MINIMIZE _________
Risk
300
A BUSINESS OWNED BY AN INDIVIDUAL
Sole Proprietorship
400
THE USE OF UP-TO-DATE EQUIPMENT AND ASSEMBLY LINE METHODS TO PRODUCE LARGE QUANTITIES OF IDENTICAL GOODS
What is mass production
400
LETTING WORKERS DECIDE HOW TO PERFORM THEIR WORK TASKS AND OFFER IDEAS ON HOW TO IMPROVE THE WORK PROCESS
What is empowerment
400
WHAT THREE ACTIVITIES DO ALL BUSINESSES PERFORM?
1. Production
2. Marketing
3. Finance
400
WHO VIEWS YOUR BUSINESS PLAN?
Potential Investors
400
A BUSINESS OWNED BY A GROUP OF PEOPLE AND LEGALLY RECOGNIZED AS A SEPARATE ENTITY
Corporation
500
A COMMITMENT TO EXCELLENCE THAT IS ACCOMPLISHED BY TEAMWORK AND CONTINUAL IMPROVEMENT.
What is total quality management
500
THE FIRST MEASURE OF A NATION'S ECONOMIC WEALTH
What is gross domestic product (GDP)
500
NAME THREE TECHINIQUES THAT AMERICAN BUSINESSES CAN USE TO IMPROVE EFFICIENCY AND PRODUCTIVITY.
1. Specialization of effort
2. Better technology and innovation
3. Reorganization
500
S.M.A.R.T
Specific
Measurable
Attainable
Realistic
Timely
500
AN EMPLOYEE WHO IS GIVEN FUNDS AND FREEDOM TO CREATE A SPECIAL UIT OR DEPARTMENT WITHIN A COMPANY IN ORDER TO DEVELOP A NEW PRODUCT, PROCESS, OR SERVICE