Business
Total amount of money a business takes in during a given period by selling goods and services.
What is revenue?
People with unsatisfied wants and needs who have both resources and willingness to buy.
What is market?
Job factors that can cause dissatisfaction if missing but that do not necessarily motivate employees if increased.
What are hygiene factors?
A service charge assessed by a broker or investment advisor in return for providing investment advice
What are motivators?
are skills or capabilities enabling an organization to conceive of and implement its strategies
What are organizational strengths?
Economic resources (things of value) owned by a firm; items can be tangible or intangible.
What are assets?
Widely shared values within an organization that provide unity and cooperation to achieve common goals.
What is organizational culture?
Companies can reduce their production costs by
purchasing raw materials in bulk and in increasing product.
What are economies of scale?
A comprehensive plan for accomplishing an organization’s goals.
What is strategy?
Something given to you by someone else as recognition of good work.
What are Extrinsic rewards?
The personal satisfaction you feel when you perform well and complete goals.
intrinsic rewards
When a business’s expenses are more than its revenues.
What are a company's losses?
The amount of the business that belongs to the owners minus any liabilities owed by the business
What is a owner's equity?
The chance an entrepreneur takes of losing time and money on a business that may not prove profitable
What is risk?
The action or business of promoting and selling products or services, including market research and advertising.
What is marketing?