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A 202

Business activities

TermDefinition
Angel investor Someone who provides startup money to a new business
Assets anything of value that a business or individual owns
Bond A piece of paper (whether real or virtual) that says a governing body or corporation will borrow an investor's money at a particular interest rate for a particular period of time
Business An organize effort to produce and/or distribute goods and services
Credit The arrangement by which businesses an individual can purchase now and pay later
Credit rating The score assigned to a borrower based on previous loans
Database A virtual storage unit for information
Debt Money businesses or individuals owe to others
Equity Assets minus liability; also known as stockholders' ( or shareholder') equity , book value, and net worth
Executives Top-level employees
Expenses The money that business spend
Financial analysis The process of planning, maintaining, monitoring, controlling, and reporting the use of financial resources
financial records Documents containing information related to the amount of money going into and out of the business
Financing Funding a business activity or project though debt, equity, or venture capital
For-profit business A business whose overall purpose is to earn a profit
Goal An objective or want that you plan to fulfill
Human resources People who work to produce good sand services
Human resource management The process of planning, staffing, leading, and organizing the employees of the business
Income The money received by resource owners and producers for supplying good and service to consumers
Information management The process of accessing, processing, maintaining, evaluating, and disseminating business knowledge, facts, or data
Interest The Reward or cost of lending or borrowing money, usually figured as a percentage of the amount
Inventory management The process of supervising and controlling the number of finished products a company has in stock
Job description The official statement of job duties and employee must perform
Loan A sum of money lent to a business or an individual for a specific time period that is repayable with interest
Manager An individual whose job involves planning, organizing, staffing, directing, and controlling for a business
manufacturing Changes the shape or form of materials so they will be useful to consumers
Marketing The process of creating, communicating, delivering, and exchange offerings that have value for consumers, clients, partners, and society at large
Merger Two individuals businesses that combine to form one organization
Mission A brief summary of what a business owners wants a business to be doing
Nonprofit business A business or organization whose intent is to make enough money to support its mission
offshoring Producing goods in foreign countries
Operations They day to day activities required for continued business functioning
Orientation Jobs preparations or inductions training in which new employees are acquainted with their surroundings, receive general information about the company and its policies, and are given specific information about their jobs
Outrsourcing Acquiring assistance from outside organizations/ consultants to perform primary business activities
overhead Business expenses for things such as payroll, rent, utilizes
Production The process or activity of producing goods and services
Profit monetary reward a business owner receives for taking risk involved in investing in a business
Purchasing The process of acquiring the goods and services necessary to keep production going and to accomplish business goals
Quality control Ensuring the degree of excellence of a good and service
Recruiting Seeking out and attracting qualified potential employees
Resource Any item that is used accomplish another activity, such as producing/ providing goods and services
Revenues Sales or gross income
Strategic management The process of planning, controlling, and organizing an organization or department
Strategic position How a business measures up in relation to other business in the industry; can involved the image or impression of a business or organization
Strategies Plans of action for achieving goals and objectives
Supervisor An employee who oversees others employees
Tactics Specific actions that will be used to carry out strategies
Technology Scientific applications to business objectives or the methods used to attain those objectives
Venture capital Invested money used for new business opportunities
Virtual services Services provided though a medium of communication( such ass the internet), rather than in person
Vision a summary of what a business owner wants a business to become
Created by: angel.c791
Popular Business sets

 

 



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