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Mkt and business
Term | Definition |
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Functions of business | The activities needed to operate a business can be divided into a number of functional areas management, operations , accounting, and finance. |
Business Ethics | Is a form of applied ethics or professional ethics that examines ethical principles and moral or ethical problems that arise in a business environment . It applies to all aspects of business conduct and is relevent to the conduct of induviduals. |
Corporate Social Responsibility | Corporate citizenship refers to an organizations responsibility to create business value by caring for the well being of all stakeholders including the environment. |
Sole Proprietor | These firms are owned and run by one person usually the person that has day to day responsibility s for running the business. |
Corporation | Form of business ownership that is legal entity on its own and puts stockholders and shareholders on the board of directors in control. |
Partnership | Can be general or limited, but in either case the general partners are in control. The tax burden is shared by all the partners at their personal rate, and the general partners have unlimited liability. |
Shareholder | The shareholders elect a board of directors to oversee the major policies and decisions in a corporation. |
Management | Getting people to work together for the attainment of an organization's goals and objectives. Management processes include planning, organizing, directing, and controlling. |