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3.01 Vocabulary
Business Activities
| Term | Definition |
|---|---|
| Goals | objectives that business will achieve |
| business for profit | operates to make money |
| Mission | Task |
| Nonprofit | make money to fulfill a specific mission or undertaking |
| Resources | goods and services |
| business activities | actions taken by businesses to generate profits or to reach financial goals |
| financial analysis | process of planning, maintaining, monitoring, controlling, and reporting the use of financial resources |
| overhead | whatever it takes to run the business |
| financing | process of funding business activities |
| angel investors | look for long-term growth in return for their risky investments |
| debt | bill, account |
| bonds | issued by governments and corporations when they want to raise money. |
| loans | a thing that is borrowed, especially a sum of money that is expected to be paid back with interest. |
| interest | the monetary charge for the privilege of borrowing money |
| equity | what the business owns or controls minus debts |
| assets | benefit, advantage |
| accounting | keeping accurate and financial records |
| financial records | documents that provide evidence of or summarize business transactions |
| expenses | cost, price |
| income | earnings, salary |
| human resources management | the process of planning, staffing, leading, and organizing employees |
| human resources | employees of a business |
| supervisors | a person who helps a person or an activity |
| managers | a person who takes leadership role in an organization and manages a team of employees |
| executives | a person with senior managerial responsibility in a business organization |
| recruiting | enroll someone as a member or worker in an organization or a s a supporter of a cause |
| orienting | aligning, positioning |
| information management | the process of accessing, processing, maintaining, evaluating, and disseminating business knowledge, facts, or data |
| database | organized collection of data |
| technology | the application of scientific knowledge for practical purposes |
| marketing | the process of creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large. |
| credit | an agreement between a lender and a borrower. |
| operations | day-to-day activities |
| manufacturing | "make" the good, then distribute the good to a warehouse or other holding facility |
| quality control | ensuring that the product meets predetermined standards |
| purchasing | buying |
| inventory management | overseeing and controlling the number of finished products the business has available for sale |
| strategic managment | the process of planning, controlling, and organizing an organization or department |
| vision | the ability to think about or plan the future with imagination or wisdom |
| strategies | methods |
| tactics | an action or strategy carefully planned to achieve a specific end |
| revenues | income |
| credit rating | a quantified assessment of the creditworthiness of a borrower in general terms or with respect to a financial obligation. |
| job descriptions | a formal account of an employee's responsibilities |
| merger | a combination of two things, especially companies, into one. |
| outsourcing | using outside organizations or consultants to perform one or more of the primary business activities. |
| virtual service | streaming services |
Created by:
crispin.h777
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