Business 9

  1. business
    Any activity that seeks to provide goods and services to others while operating at a profit
  2. business environment
    the surrounding factors that either help or hinder the development of business
  3. climate change
    the movement of the temperature of the planet either up or down over time
  4. database
    an electronic storage file for information
  5. demography
    the statistical study of the humna population with regards to its size, density, and other characteristics such as age, race, gender, and income
  6. e-commerce
    the buying and seling of goods over the internet
  7. empowerment
    giving frontline worksers the responsibility, authority, freesom, training, and equipment they need to respond quickly to customer requests
  8. entrepreneur
    a person who risks time and money to start and manage a business
  9. factors of production
    the resources used to create wealth: land, labor, capital, entrepreneurship, and knowledge
  10. goods
    tangible products such as computers, food, clothing, cars, and appliances
  11. greening
    the trend toward saving energy and producing products that cause less harm to th environment
  12. identity theft
    the obtaining of individuals' personal information, such as social security and credit card numbers, for illegal purposes
  13. loss
    when a business' expenses are more than its revenues
  14. nonprofit organization
    organization whose goal do not nclude making a personal profit for its owners or organizers
  15. outsourcing
    contracing with other companies (often in other countries) to do some or all of the functions of a firm, like its production or accounting tasks
  16. productivity
    the amount of outpuut produced given the amount of input
  17. profit
    the amount of money a business earns above and beyond what it spends ofr salaries and other expenses
  18. quality of life
    the general well-being of a society in terms of its political freedom, natural environment, education, health care, safety, amount of leisure, and rewards that add to the satisfaction and joy that other goods and services provide
  19. revenue
    total amount of money a business takes in during a given period by selling goods and services
  20. risk
    the chance an entrepreneur takes of losing time and money on a business that may not prove profitable
  21. services
    intangible products (i.e., products that cant be held in your hand) such as education, health care, insurance, recreation
  22. stakeholders
  23. standard of living
    the amount of goods and services people can buy with the money they have
  24. technology
    all the equipment and software that make business processes more effective, efficient, and productive
Card Set
Business 9