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Vocab #2 BM&A

business management and administration

TermDefinition
Administration the management of any office, business, or organization
Business an occupation, profession, or trade
Business plan a detailed plan setting out the objectives of a business, the strategy and tactics planned to achieve them, and the expected profits, usually over a period of three to ten years
Consumer a person who gets or uses goods or services
Efficiency accomplishment of completing a job with minimum use of time and effort
Entrepreneurship the owner or manager of a business enterprise who, by risk and initiative, attempts to make profits
Evaluate to judge or determine the significance, worth, or quality of
Industry of, relating, or characterized by industry
Marketing A set of activities that gets the product to the consumers
Producer person who creates or provides a good or service
Profits monetary gain through business
Spreadsheet worksheet that contains analysis of related entries created for easy reference on a single sheet
Strategy lan or method for obtaining a specific goal or result
Supply and Demand relationship between the amount of product and the desire for the product
Tactics procedure for gaining advantage or success
Created by: erinmckenzie
Popular Business sets

 

 



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