Category 1
The process of identifying the responsibilities, skills, and qualifications required for a job.
What is Job Analysis?
A written statement outlining a job duties, responsibilities, and required qualifications.
What is Job Description?
A list of qualifications, skills, and experience necessary for a position.
What is Job specification?
The process of attracting and selecting qualified candidates for a job.
What is Recruitment?
The steps businesses use to evaluate and hire employees.
What is Selection Process?
Programs designed to improve employee skills and knowledge.
What is Training and Development?
A review of an employees job performance over a period of time.
What is Performance Appraisal?
The salary, wages, and benefits employees reeive for their work.
What is Compensation?
Strategies businesses use to keep employees long-tem.
What is Employee Retention?
The process of analyzing and forecasting the needs of an organizations workforce.
What is Workforce Planning?
An experienced and knowledgeable individual who provides guidance, advice, and support to someone with less experience in a specific field.
What is Mentor?
A business or individual that sells goods or services to other businesses or consumers.
What is Vendor?
Provide financial advice, funding options, and insights into managing business finances.
What is Bankers?
Assist with budgeting, tax planning, and financial forecasting to ensure the business remains financially viable.
What is Accountant?
Help ensure compliance with legal requirements, intellectual property protection, and business structure decisions.
What is Attorney?
The practice of operating a business in a manner that ensures long-term profitability while minimizing negative impacts on society and the environment.
What is Business Sustainability?
The unauthorized use, reproduction, or distribution of copyrighted material without permission from the rights holder.
What is Copyright Infringement?
A business approach that involves taking responsibility for the company's effects on social and environmental well-being.
What is Corporate Social Responsiblity?
Favoritism granted to relatives or close friends in business or employment decisions, regardless of their qualifications.
What is Nepotism?
The unauthorized use, production, or sale of an invention that is protected by a patent.
What is Patent Infringement?
Exaggerated or promotional statements that are not meant to be taken literally and are not legally binding.
What is Puffery?
The unauthorized use of a trademark or service mark on competing or related goods and services, leading to consumer confusion.
What is Trademark Infringement?
An experienced and knowledgeable individual who provides guidance, advice, and support to someone with less experience in a specific field.
What is Mentor?
A business or individual that sells goods or services to other businesses or consumers.
What is Vendor?
Why is it important to talk with prospective customers when analyzing business ideas.
What is it helps entrepreneurs understand market demand, identify pain points, and validate business ideas. It provides direct feedback on potential products or services, ensuring they meet customer needs before investing significant resources?