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Business Management

Lessons 1 - 3

QuestionAnswer
Criteria The standards used to evaluate alternatives.
Operating costs The total of all expenses needed to run a business.
Promissory note A promise to repay a loan within a certain time period.
Quality business A business that tries to meet its customers' needs through continuous improvement.
Ranking The process of putting things into a position on an ordinal scale in relation to other similar things.
Revenue The amount of money earned from sales.
Best practices The "best ways" to do something to lead to success.
Salary The money an employee earns for his or her work.
Budget A plan for saving, spending, and managing money and other resources.
Inventory Goods that a business has in stock to sell. Selling price
Selling price The amount of money a buyer pays and a seller receives for the purchase of a good or service.
Advertising A way of persuading people to want goods or services.
Jingle A catchy tune used to advertise a business or product.
Logo A graphic mark or emblem used to promote instant public recognition of a business or product.
Slogan A short, memorable motto or phrase used in an advertising campaign.
Created by: hewittl