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business vocab
Term | Definition |
---|---|
Administration | the management of any office, business, or organization |
2. Business | an occupation, profession, or trade. |
3. 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 |
4. Consumer | a person who gets or uses goods or services |
5. Efficiency | accomplishment of completing a job with minimum use of time and effort |
6. Entrepreneurship | the owner or manager of a business enterprise who, by risk and initiative, attempts to make profits |
7. Evaluate | to judge or determine the significance, worth, or quality of |
8. Industry | manufacturing, producing, or providing in a particular area. |
9. Marketing | a set of activities that gets the product to the consumers |
10. Producer | person who creates or provides a good or service. |
11. Profits | monetary gain through business |
12. Spreadsheet | worksheet that contains analysis of related entries created for easy reference on a single sheet |
13. Strategy | plan or method for obtaining a specific goal or result. |
14. Supply and Demand | relationship between the amount of product and the desire for the product. |
15. Tactics | procedure for gaining advantage or success. |