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1.04 Key Terms

External Resources

TermDefinition
business community individuals employed in local/area organizations
business ethics the basic priciples that govern a business actions
business planning defining your organizations goals, structure and future stratedgy
concept development involves coming up with detailed description of an idea explained from the prespective of your customer
external recourses suppliers of inputs that come from outside a business
goverment agencies special goverment organizations set up for a specific purpose such as the management of recourses, financial oversight of industries or national security issues
market opportunites a situationn in which a product or service is potentially wanted or needed by consumers
mentor an expirenced worker who can act as a guide to new employees
network to connect with individuals who might help accomplish personal, career, and professional goals.
prospective customer any person or business with the potential to purchase a good service or idea
resources any item that is used to accomplish another activity such as producing/ providing good .
risks the possibility of loss or gain
social media forms of electronic communications through which users build communities.
supplier vendors businesses from which other businesses buy goods or servives
vendor a supplier of goods usually a wholesaler or distributor
Created by: karen.e542
Popular Business sets

 

 



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