Busy. Please wait.
Log in with Clever

show password
Forgot Password?

Don't have an account?  Sign up 
Sign up using Clever

Username is available taken
show password

Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
Didn't know it?
click below
Knew it?
click below
Don't Know
Remaining cards (0)
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Management Midterm

Small Business An owner-managed business with less than 100 employees
new venture/firm a recently formed commercial organization that provides goods/or services for sale
entrepreneurs people who recognize and seize opportunities
private sector the part of the economy that is made up of companies and organizations that are not owned or controlled by the government
sales forecast an estimate of how much of a product or service will be purchased by prospective customers over a specific period
franchise an arrangement in which a buyer (franchise) purchases that right to sell the product or service of the seller (franchiser)
business plan a document that describes the entrepreneur's proposed business venture; explain why it is an opportunity; and outlines its marketing plan, its operational and financial details and its' managers' skills and abilities
collateral assets that a borrower uses to secure a loan or other credit, and that are subject to seizure by the lender if the loan isn't repaid according to the specified repayment terms
franchising agreement stipulates the duties and responsibilities of the franchisee and the franchiser
external environment everything outside an organization's boundaries that might affect it
economic environment condition of the economic system in which an organization operates
business cycle pattern of short-term ups and downs (expansions and contractions) in an economy
recession period during which aggregate output, as measured by real GDP, declines
depression particularly severe and long-lasting recession
aggregate output total quantity of goods and services produced by an economic system during a given period
standard of living total quantity and quality of goods and services that a cuntry's citizen can purchase with the curency used
Created by: 641256778
Popular Management sets




Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
restart all cards