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301 key term
Business Activities
| Term | Definition |
|---|---|
| Angel investor | someone who provides startup money to a new business |
| Asset | 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 organized effort to produce and/or distribute goods and services |
| Credit | The arrangement by which businesses and individuals 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 liabilities : also known as stockholders (or shareholders ) equity , book value , and net worth |
| Executives | Top-level employees |
| Expenses | The money that a business spends |
| 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 a business. |
| Financing | Funding a business activity or project through 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 goods and services |
| Human resources 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 goods and services 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 an 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 | Changing the shapes or forms of materials so that they will be useful to consumers. |
| Marketing | The process of creating , communicating , delivering , and exchanging offerings that have value for customers , clients , partners , and society at large. |
| Merger | Two individual businesses that combine to form one organization. |
| Mission | A brief summary of what a business owner 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 | The day-to-day activities required for continued business functioning. |
| Orientation | Job preparation or induction training in which new employees or acquainted with their surroundings , receive general information about the company and its policies , and are given specific information about their jobs. |
| Outsourcing | Acquiring assistance from outside organizations/consultants to perform primary business activities. |
| Overhead | Business expenses for things such as payroll, rent , and utilities . |
| Production | The process or activity of producing goods and services . |
| Profit | Monetary reward a business owner receives for taking the 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 or service . |
| Recruiting | Seeking out and attracting qualified potential employees. |
| Resource | Any item that is used to 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 businesses in the industry: can involve the image or impression of a business or organization. |
| Strategies | Plans of action for achieving goals and objectives. |
| Supervisor | An employee who oversees other 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 through a medium of communication(such as the internet ), rather than in person. |
| Vision | A summary of what a business owner wants a business to become. |
Created by:
nadia.c
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