Help
Options
Didn't know it?
click below
click below
Knew it?
click below
click below
Don't Know
Remaining cards (0)
Know
retry
shuffle
restart
0:00
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
BE 301
Business Essentials
| Term | Definition |
|---|---|
| Angel Invetsor | Someone who provides moeny 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 corparation will borrow an investors money at a particular intrest rate for a particular time period |
| Business | An organized effort to produced and or distribute goods and services |
| Credit rating | The score assigned to a borrower based on previoud loans |
| DataBase | A virtual storage unit for information |
| Debt | Money businesess or individuals owe to eachother |
| Equity | assests minus liabilities, also known as stockholders equity, bookvalue, and net worth |
| Executives | Top-level employees |
| Exspenses | The moeny that businesses spends |
| Financial analysis | The process of planning, maintaining, monitoring, controlling and reportiing the use of financial resources |
| Financial Records | Documents containig 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 whos overall purpose is to learn a profit |
| Goal | An ob objective or want that you plan to fufill |
| Human Resources | People who work to produce goods and serviuces |
| Human resources managemant | The process of leading, staffing, and planning the employees of a business |
| income | The moeny receivced by resources owners and by producers fro supllying goods and services to consumers |
| Information Managment | The process of accesing, processing, maintaining evakuating and dissminating business knowledge facts or data |
| Intrest | the reward or cost of lendinf or borrowing money, usually figured a s 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 offical statement of job duties an employee must perform |
| Loan | a sum of money lent to a business or individual for a specific time period that is repayable with interest |
| manager | Individula whos 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 communincating delivering and exchaning offerings that have value for customers clients partners and society at large |
| Merger | two individual busineses that combine to form one organization |
| Mission | A brief summary of what a bussiness owner wants a business to be doing |
| Non-profit Business | Business or organization whose intent is to make enough money to support its mission |
| Offshoring | Producings goods in foreign contries |
| Opertaions | The day-to-day activities required for continued bussines functions |
| outsourcing | Acquiring assistance from outisde consultants to perform primary business activities |
| overhead | Business exspenses For things such as oayroll, rent, and utilities |
| production | The proces or activity of producing goods and services |
| Purchasing | The process of acquring goods and services neccesary to keep production going and to acomplish busines goals |
| Quality Control | Ensuring the degree of excellence of a good or service |
| Recruitng | seeking out and attracting qualified potntial employees |
| Resource | Flight any item that is used to accomplish another activity, such as producing providing goods and services |
| revenues | Salesor gross income |
| stratgic management | KW process of planning, controlling, and organizing an organization or department |
| Strategic position | How a business measures up in a 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 | employee who oversees the 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 | Investing money used for new business opportunities |
| Virtual services | Services provided through a medium of communication such as the Internet rather in person |
| Vision | Hey summary of what a business owner wants a business to become |
Created by:
user-2014717
Popular Business sets