Businesses not associated with government agencies
What is private Sector
100
consists of a group of establishments primarily engaged in producing for handling the same product or group of products or in rendering the same service
What is industrial?
100
The process of creating, growing, manufacturing or improving on good and services.
What is the definition of Production?
100
process of achieving company goals by effective use of resources through planning, organizing, and controlling.
What is management?
200
millions of businesses
How many small businesses are there?
200
Government financed agencies
What is a public sector
200
able to use a system to collect data on a business as well as analyze the U.S. economy
What is Standard Industrial Classifications?
200
Manufacturing businesses need raw materials and parts to make the goods they sell.
______ businesses need raw materials and parts to make the goods they sell.
200
management determines ______ ________, ethics, and the mission or vision for a firm.
what is corporate culture?
300
Methode Electron
Is this a small or large business?
300
Functions like a business but uses the money it makes to fund the cause identified in its chamber
What is Non-Profit Business
300
the organizational market is based on or derived from the demand for customer goods and services
What is Derived Demand?
300
Involves buying material, products, and supplies needed to run a business.
What is Procurement?
300
To analyze a company's _____ you would study its balance sheet, profit and loss statement, and cash flow.
what is Finance?
400
Domestic Business
limited to their own business in countries
400
To produce goods and services
What is the purpose of a business
400
obtain goods from manufacturers and resell them to organizational users
What is wholesalers?
400
Price, Promotion, Production, Promotion
What are the four P's of marketing mix?
400
Balance sheets, profit and loss statements, and cash-flow statements.
What are the three types of financial statements?
500
Global Business
Sells to more than one country
500
seek to make profit from its operations
What is a For-Profit business
500
buy goods from wholesalers or directly from manufacturers and resell them to the consumers
What is Retailers?
500
Marketing activities support buying and selling functions.
______ activities support buying and selling functions?
500
A profitable company generates more _____ than it pays out for costs of goods and expenses to run a business?