MGMT & Motivation
Reward system that makes you feel good such as praise.
What is intrinsic motivation?
The marketing mix
What is product, price, place, & promotion?
An evaluation of employee's work performance.
What is a performance appraisal?
A tax imposed on imports by a government to limit foreign competition with domestic producers of a good.
What is a Tariff?
Assets = Liabilities + Shareholder's equity
What is the accounting equation?
The management style permitting nearly no employee direction allowing subordinates to make the decisions.
What is Laissez faire?
A specific group of consumers who are particularly interested in a product, would have access to it, and are able to buy it.
What is target market?
***DOUBLE Jeopardy***
A SMART goal.
What is a goal that is Specific, Measurable, Attainable, Relevant/Realistic, and Time Based?
A company that operates in many countries.
What is a multinational corporation (MNC)?
This financial statement shows sales, expenses, and profit or loss of the business
What is an Income Statement
Style of management that treats people as machines
The promotion mix
What are tools that tell about the product to persuade them to by such as advertising, personal selling, and publicity?
This chart highlights the chain of command and authority relationship working at different levels.
What is an organizational chart?
When a company grants foreign company's the right to use it's brand name and sell it's products.
What is franchising?
These are used to assess a company's performance and financial condition over time.
Management style which dictates direction to employees rather than seeking any form of collaboration.
What is Autocratic Management/Leadership?
***DOUBLE Jeopardy***
The maker sells a product to a retailer who resells it under its own name.
What is Private Branding?
Management level that needs more conceptual skills than interpersonal or technical.
What are top level managers?
The challenges that stem from language, concepts of time and sociability, communication, and common practices.
What are cultural challenges?
Signifies a portion of ownership in a company
What is a stock or share?
The top level need of humans based on the hierarchy of needs theory.
What is self-actualization?
Finding specific subsets of the overall market that have common characteristics.
What is market segmentation?
A team designed to take advantage of the special expertise of members from different areas of the company.
What is a cross functional team?
A group of nations that has operates with a trade agreement internally and limits other counties ability to trade through agreed upon tariffs, quotas, and other restrictions.
What is a trade bloc?
Type of accounting that deals with information produced for internal users.
What is Managerial Accounting?