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Business Management
Lessons 1 - 3
Question | Answer |
---|---|
Criteria | The standards used to evaluate alternatives. |
Operating costs | The total of all expenses needed to run a business. |
Promissory note | A promise to repay a loan within a certain time period. |
Quality business | A business that tries to meet its customers' needs through continuous improvement. |
Ranking | The process of putting things into a position on an ordinal scale in relation to other similar things. |
Revenue | The amount of money earned from sales. |
Best practices | The "best ways" to do something to lead to success. |
Salary | The money an employee earns for his or her work. |
Budget | A plan for saving, spending, and managing money and other resources. |
Inventory | Goods that a business has in stock to sell. Selling price |
Selling price | The amount of money a buyer pays and a seller receives for the purchase of a good or service. |
Advertising | A way of persuading people to want goods or services. |
Jingle | A catchy tune used to advertise a business or product. |
Logo | A graphic mark or emblem used to promote instant public recognition of a business or product. |
Slogan | A short, memorable motto or phrase used in an advertising campaign. |