BUS10 ~ CH1
Into to biz @ De Anza [CH 1-4]
Terms
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- Services
- Intangible products such as education, health care, insurance,recreation, and travel and tourism
- Stakeholders
- All the people who stand to gain or lose by the policies ans activities of a business
- Loss
- Business expenses are higher than its revenues
- Revenue
- Total Amount of money a business takes in during a given period selling goods and services
- Factors of Production
- The resources used to create wealth: land, labor, capital, entrepreneurship, and knowledge
- Empowerment
- Giving frontline workers the responsibility, authority, and freedom to respond quickly to consumer requests
- Entrepreneur
- A person who risks time and money to start and manage a business
- Goods
- Tangible porducts such as computers, foods, clothing, cars, and appliances
- Profit
- Amount of money a business earns above and beyond what it spends for salaries and other expenses
- Database
- An electronic storage file where information is kept; one use of database is to store vast amounts of information about consumers
- Nonprofit Organization
- An organization whose goals do not include making a personal profit for its owners or organizers
- Business
- Any activity that seeks to provide goods and services to others while operating a profit
- Business Environment
- The surrounding factors that either help or hinder the development of a business
- Demography
- The statistical study of the human population regardless to its size, density, and other characteristics such as age, race, gender, and income
- Standard of Living
- Amount of goods and services people can buy with the money they have
- e-commerce
- The buying and selling of goods over the internet