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EOPA JReid3

Entrepreneurship

TermDefinition
What are Long-Term Liabilities Financial obligations that will take the business more than one year to repay
Accounts Payable money an organization owes to its vendors and suppliers
Mortgage a long term bank loan to purchase a home or other real estate
What are the 4 types of ratios? Liquidity, Profitability, Leverage, Activity
Target Markets Identified segments of the market that a business wants to have as their customers
Price the high value or worth of something
What are three ways to foster more ethical work environment hire ethical employees, ethics training, create a culture of ethics
The most efficient way of organization according to Max Weber is? Bureaucracy
What is differentiation ? Making a product or service unique
Four elements of BCG matrix Stars , cash cows, question marks, dogs
Created by: jamalreid2018
 

 



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