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unit 6 ff
business, management, and administration
| Term | Definition |
|---|---|
| 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 | manufacturing, producing, or providing in a particular area |
| 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 | plan 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 |