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Freshman Focus 1

Vocab

QuestionAnswer
1. 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
Created by: calebmoore33