Business Management
An analysis of an organization's strengths, weaknesses, opportunities, and threats.
SWOT Analysis
A share of ownership in a corporation.
What is a stock?
A financial statement that summarizes a company's assets, liabilities and shareholders' equity at a specific point in time.
What is a balance sheet?
The lowest point in a business cycle and marks an economy’s transition from a recession to an expansion
What is the trough?
The communication of information about goods, services, images, and/or ideas defines
What is promotion?
A contract between an employer and an employee that states that the employee will not reveal the employer's trade secrets (e.g., formula, recipe, manufacturing technique) to future employers for whom the employee might work. They provide businesses with legal protection if a competitor attempts to use the information for financial gain or benefit.
What is a nondisclosure agreement (NDA)?
Anything of value that an individual, corporation, or country owns or controls with the expectation that it will provide future benefit.
What is an asset?
The entity that provides available capital resources to debtors, in exchange for compensation..
What is a creditor?
The total market value of all final goods and services produced annually in an economy.
A supplier of goods, usually a wholesaler or distributor.
What is a vendor?
The process of controlling an individual, business or other organizations opportunity for damage, loss or injury to ensure the safety of the community, environment and legal responsibilities.
What is risk management?
A business model in which individuals purchase the rights to operate a business using the branding, products, and services of an established company.
ex. McDonalds, Subway, Taco Bell
What is a franchise?
A debt investment in which an investor loans money to an entity (typically corporate or governmental) which borrows the funds for a defined period of time at a variable or fixed interest rate.
What is a bond?
Using existing data generated by large government institutions, healthcare facilities etc. as part of organizational record keeping.
What is secondary data?
When a business creates a certain image or impression of a product in the minds of consumers
What is product positioning?
A measure used to evaluate the efficiency or profitability of an investment. It is calculated by dividing the net profit from the investment by the initial cost.
What is a return on investment (ROI)?
The gathering and preparing of accounting information that is used within a company to help ensure the organization's goals are met effectively and efficiently.
What is managerial accounting?
An examination of an organization's financial statements that is conducted by an employee of the organization.
What is an internal audit?
Large amounts of information automatically collected from electronic sources (such as mobile apps, website cookies, and store loyalty cards)
What is big data?
The perceived value and strength of a brand, influencing consumer preferences and loyalty.
What is brand equity?
An order that covers all or part of a business's product requirements for a certain period of time.
What is a blanket order?
A strategic change in a business's direction or product offering in response to market feedback or changing circumstances. It involves shifting the business model to improve chances of success.
An internal or external reduction in long term costs when production or operation increases in size.
What is economies of scale?
Civil wrongdoings that cause harm or injury to another party
Quantifiable metrics used to evaluate the success of a marketing campaign or overall business performance.
Key Performance Indicator (KPI)