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Business
Term | Definition |
---|---|
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 |