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obj 1.04 vocabulary
external resources
| Term | Definition |
|---|---|
| business community | individuals employed in local organizations |
| business ethics | the basic principles that governor a business |
| concept development | involves coming up with a detailed description of an idea explained from the perspective of your customer |
| external resources | suppliers of inputs that come from outside a business |
| government agencies | specials government organizations set up for a specific purpose such as the management of resources financial oversight of industries or national security issues |
| market opportunity's | a situation in which a product or service is potently wanted or needed by consumers is identified by a business as not being supplied by rival companies |
| mentor | an experienced worker who can act as a guide to new employees |
| prospective customer | any person or business with potential to purchase a good service and or a idea |
| network | to connect with individual's who might help accomplish personnel career and professional goals |
| resources | any item that is used to accomplish another activity such as producing/providing goods and services |
| risks | the possibility of loss or gain |
| social media | forms of electronic communications through which users build communities network share info |
| supplier | vendors businesses from which other business buy goods service |
| vendor | a supplier of goods usually a wholesaler or distributor |
Created by:
Ethan.r
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