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301 Key Term
business activities
| 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 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 source 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' (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 tp 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 fill |
| human resources | people who work to produce goods and 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 suppling 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 leading 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 preform |
| 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 business |
| manufacturing | changing the shapes or forms or materials so that they will be useful to consumers |
| marketing | the process of creating , communicating , delivering, and exchanging offerings that have value for consumers, clients , partners, and society at large |
| merger | two individual business that combine to form one organization |
| mission | a brief summary of what of what a business owner wants a business to be doing |
| non-profit | 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 are acquainted with their surroundings, receive general information about the company and its polices , and are given specific information about there jobs |
| outsourcing | acquiring assistance from outside organizations/consultants to perform primary business actives |
| 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 good or service |
| recruiting | seeking out and attracting qualified potential employees |
| resource | any item that 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 |
| strategic position | how a business measures up in relation to other business 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 provide through a medium of communication(such as the INTERNET ) , rather than in person |
| vision | a summary of what business owner wants a business to become |
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