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External Resources

TermDefinition
business community individuals employed in local/area organizations
business ethics the basic principles that govern a business's actions
business planning defining your organization's goals, structure and future strategy
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
Govrnment agencies special government organizations set up for a specific purpose such as the management of recourses, financial oversight of industries or national security issues
Market opportunities A situation in which a product or service is potentially 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
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 qualified lead
Resources Any time that is used to accomplish another activity such as producing/providing goods and service
Risks The possibility of loss (failure) or gain (success)
social media Forms of electronic communications through which users build communities network share information etc.
supplier Vendors businesses from which other businesses buy goods or services
vendor A supplier of goods usually a wholesaler or distributor
Created by: user-1789534
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