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MKT AND BUSINESS

marketing and business

TermDefinition
Functions of Business The activities needed to operate a business can be divided into a number of functional areas management, operations, marketing, accounting, and finance.
Business Ethics A form of applied ethics or professional ethics that examines ethical principles and moral or ethical problems that arise in a business environment.
Corporate Social Responsibility Corporate citizenship refers to an organizations responsibility to create business value by caring for the well being of all stakeholders including the environment
Sole proprietor These firms are owned by one person, usually the individual who has day to day responsibilities for running the business.
Corporation Form of business ownership that is a legal entity on its own and puts stockholders/shareholders and the board of directors in control.
Partnership Can be general or limited but in either case the general partners are in control.
Shareholder The shareholders elect a board of directors to oversee the major policies and decisions in the corporation.
Management Getting people to work together for the attainment of an organizations goals and objectives.
Created by: szamora0024
 

 



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