A-Team
A group of people who come together to work toward a common goal.
What is a team?
Steve Jobs, Bill Gates, Elon Musk... these are just a few names of famous individuals who were willing to take on risk in order to reap rewards.
Who are entrepreneurs?
Paper companies use __________, like pulp, water, labor, and equipment to make their final product.
Resources
Doing the right thing in business, even when no one is looking.
What are business ethics?
For every acre of land, the US can either make 20 bales of hay or 100 bushels of apples, while Canada can make either 30 bales of hay or 70 bushels of apples.
What is comparative advantage?
A group that is lead and directed by one person who is in charge of setting goals, assigning tasks, and monitoring performance.
What is manager-lead team?
I have sold 100 widgets at $10 a piece. My _____ is $1,000.
What is revenue?
When governments plan all portions of market transactions, from both the consumer and the producer sides
What is a planned system?
(may also take "command and control")
Sam works for the Town of Smallville and is working on a beautification project. He also has a brother who owns a landscaping company. We call this a ___________.
What is a conflict of interest?
When a nation buys more than it sells, it has a __________.
What is a trade deficit?
Google utilizes these groups, which are formed by individuals from various departments and who are collaborating on one common goal.
What are cross-functional-teams?
If Chipotle were to introduce a new breakfast menu to their product line, those who would be interested and affected by this decision are known as ______.
What are stakeholders?
The existence of many producers and many consumers in a market economy is a form of ________.
What is perfect competition?
Winking excessively at coworkers, placing a lingering hand on back or shoulders, and standing closer than is welcomed are examples of what can be interpreted as __________.
What is sexual harassment?
Amazon is working with other retailers like Kohl's and Micheals, who will accept Amazon return packages. Companies are enhancing marketing efforts and reducing distribution costs.
What is a strategic alliance?
The attractiveness of a team to its team members, which makes it applealing to be a part of the group. No, we are not talking about Tinder.
What is group cohesiveness?
Operating a business can be quite tricky, as there are many ________ in which a manager needs to keep track of: marketing, accounting, financial, operations, and management.
What are functional areas?
Margie brought 100 apples to market, and priced them at $3/lbs. She left with 30 unsold apples. It can be assumed that prices were too high, leading to a ____.
What is a surplus?
A person who may feel like they are committing "career suicide" or like they are a "tattle tale," although they are quite heroic!
What is a whistle-blower?
Sony and Disney Marvel have come together yet again for the sake of Spiderman!
What is a joint venture?
Will has a big personality and gets along with his group members, but because of his charisma, his teammates do not want to offer their own ideas and opinions, for fear of weakening the team's relationship and success.
What is group think?
The acronym which describes the macro environment in which all businesses operate.
What is PESTEL?
When this goes up, it is often considered a significant indication of a strong economy; the value of all goods and services are rising.
What is the GDP?
Workforces with more ________ tend to have greater competitive advantage with creativity and comprehension of marketplace demographics.
What is diversity?
Cuban cigars have had import bans for many years, is an example of __________.
What is an embargo?