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ff vocab unit 6
Term | Definition |
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administration | the management of any office, building, or organization |
business | an occupation, profession, or trade |
business plan | : a detailed plan setting out the objectives, the strategy and tactics planned to achieve them, and the expected profits, usually over a period of three to ten years |
efficiency | accomplishment of completing a job with minimum use of time and effort |
entrepreneurship | the owner or manager of a business enterprise who, by risk and by initiative, attempts to make profits |
evaluate | to judge or determine the significance, worth, or quality of |
industry | manufactoring, producing, or providing a particular area |
marketing | a set of activities that gets the product to consumers |
producer | person who creates or provides a good or service |
profits | monetary gain through service |
spreadsheet | worksheet that contains analysis of related entries created for easy reference on a single sheet |
strategy | plan or method for obtaining a specific goal or result |
supply and demand | relationship between the amount of product and the desire for the product |
tactics | procedure for gaining advantage or success |