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Business

TermDefinition
Revenue money a company brings in through the sale of goods and services.
Profit money left over after expenses
Environments Of Business Social, Economic, Technological, Legal and Regulatory, and Market environments
Characteristics of Economic Systems Communism, Socialism, and Capitalism
Business Model A clear simple outline of how the business intends to generate income
Types of Resourses National, Human Resources, Entrepreneurship, Capital, Knowledge
WTO & EU World Trade Organization; Formed in 1995, try to bring barriers to trade ; European Union (Largest Trading Blocks)
Monetary Policy decisions by the federal reserve that determine the size of money supply in the nation in the level of business rates
Fiscal Policy use of government revenue collection and spending to influence the business cycle
Corporate Social Responsibility The idea that business has obligations to society beyond the pursuit of profits
Sustainability Operating business in a manner that minimizes population and resource depletion, ensuring that future generations will have vital resourses
CPI & GDP Customer Price Index, Gross Domestic Product
Created by: 100000296808763
 

 



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