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Business Management Year 2 > Jargon > Flashcards

Jargon Flashcards

1
Q

AA, BA, MA

A

Levels of higher education: Associates degree, Bachelor’s degree, Masters degree.

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2
Q

Economy

A

Producing and purchasing good and services.

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3
Q

Accountability

A

Responsibility to someone or for some activity.

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4
Q

Defect Prevention

A

Keeping a deficiency, an imperfection from occurring

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5
Q

Behavioral segmentation

A

The distribution of people into groups based on their knowledge, attitude, use, or response to a product

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6
Q

Goods

A

Tangible items produced, sold, and consumed that have a monetary value

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7
Q

Accounts Payable

A

Unpaid dues for goods and services.

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8
Q

Tangible

A

Substantially real, capable of being touched, discernible by the touch.

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9
Q

Selling

A

providing goods or services in exchange for compensation

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10
Q

Accounts Receivable

A

Outstanding debt to a company.

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11
Q

Instruct

A

to teach somebody a subject or how to do something.

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12
Q

Advertising

A

The development and placement of advertisements in paid locations for commercial products or services in order to draw attention to them.

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13
Q

Gross Domestic Product (GDP)

A

The market value of goods and services produced using labor in a home country in a given year.

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14
Q

education

A

the act or process of educating or being educated

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15
Q

Paper Check

A

A check issued to an employee in payment salary or wages.

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16
Q

Insurance

A

An arrangement in which an organization (company/governmental agency) receives payment for a premium in exchange for a guarantee of compensation for identified events.

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17
Q

Target market

A

A specific group of consumers for whom a company creates a product or service; a group of people or companies that you are interested in reaching.

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18
Q

FDIC

A

Government insurance protection for deposits

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19
Q

Distribution

A

The action or process of physically moving and storing goods to reach end customers

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20
Q

Recession

A

A prolonged economic contraction

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21
Q

Service

A

Intangible items that have monetary value that satisfy needs and wants

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22
Q

Feedback

A

A receivers response to a senders message

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23
Q

Principal Loan Amount

A

the initial size of a loan upon which interest is calculated

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24
Q

Tax Sheltered Investments

A

Reduce, defer, eliminate, or adjust the current year tax liability.

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25
Q

Distraction

A

Interferences with the messages on both ends. These could be ringing phones, poor grammar and spelling, interruptions, etc.

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26
Q

Gross Pay

A

The amount of wages or salary earned by an employee during a pay period before deductions are subtracted.

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27
Q

Service-based marketing

A

marketing the reputation of the business

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28
Q

FIFO

A

First in last out, what came in first will be the last to leave

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29
Q

Deflation

A

Lowering of costs in economic hardship

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30
Q

block format

A

a common way of formatting a business letter

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31
Q

Paragraph

A

A distinctive division between one idea and another.

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32
Q

Marketing Mix

A

Combination of marketing elements used in the sale of a particular product.

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33
Q

Recession

A

A phase of the business cycle characterized by an extreme decrease in the economy

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34
Q

Process of Dismissal

A

The steps to letting go or firing an employee

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35
Q

Down Payment

A

Amount of money being paid for the automobile at time of purchase

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36
Q

Finance options

A

Opprtortunities to purchase or sell

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37
Q

Agenda

A

A list, plan, outline pf things to be done.

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38
Q

bonds

A

a bond is a promise to repay the principal along with interest (coupons) on a specified date (maturity)

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39
Q

Group or Committee Interview

A

Involves a panel of interviewers to see how the applicant interacts.

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40
Q

Services

A

Intangible items you cannont touch or feel

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41
Q

Taxes

A

Required contributions local, state, and federal governments charge citizens that are used to fund public goods and services.

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42
Q

Democratic

A

Free and equal participation in the decision making process of a group or organization

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43
Q

Monetary policy

A

Actions taken by the Federal Reserve to control the money supply, rate of inflation, or both in order to influence the rate of inflation in the economy.

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44
Q

Recovery

A

A phase of the business cycle characterized by an increase in the economy after a significant decrease

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45
Q

Allocation

A

Distribution of resources.

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46
Q

Financial goals

A

objectives related to financial planning that are tied to specific goals

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47
Q

Telephone interview

A

Questions/screening conducted over the telephone.

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48
Q

Heading

A

The sender’s return address followed by the date at the top of a business letter.

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49
Q

Partnership

A

An organization that consists of more than one owner.

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50
Q

Shareholder

A

A person who holds value in an organization

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51
Q

Durable goods

A

Goods that last for a relatively long period of time and are not for immediate consumption

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52
Q

Time Period

A

Amount of time the loan will be repaid.

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53
Q

Product

A

a product is any combination of goods and services offered to satisfy the needs and wants of consumers

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54
Q

short term goals

A

Specified as less than one year

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55
Q

Liquidity

A

assets that can be transferred into cash

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56
Q

Financial Risk Pyramid

A

Illustrates the tradeoffs between risk and return for a number of saving and investing tools

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57
Q

Parts of a check

A

Information that is imperative for processing.

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58
Q

Health Insurance

A

A type of insurance that covers some or all of the medical expenses incurred by the insured individual.

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59
Q

smart goals

A

detailed goals to help aid in the path to accomplishment

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60
Q

Intangible

A

Assets which lack physical substance and are not able to be touched.

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61
Q

Allowance

A

A claim for qualifying situations that reduces the amount of taxes an employer withholds from a taxpayer’s taxable income.

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62
Q

Email

A

Messages sent using an electronic means from an author to one or more recipients

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63
Q

Time Value of Money

A

A calculation based on the concept of compounding interest that can be used to determine the future value of money based on the amount available today.

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64
Q

brand

A

the identification of a product or company through its name, design, symbol, or other features that distinguishes it from its competitors

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65
Q

Money Market account

A

A type of account that pays higher interest rate than a savings account.

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66
Q

Marketing Plan

A

A detailed written description of all marketing goals and activities; a formal, written document that directs a company’s activities for a specific period of time.

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67
Q

Annual Growth Rate

A

The increase of an investment annually (yearly)

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68
Q

Timeline

A

A specified length of time.

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69
Q

Democratic Style

A

Manager shares the decision making with the employees

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70
Q

Recruit

A

The efforts an organization goes through to attract appropriate applicants current or future positions

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71
Q

Timesheet

A

Calculation of labor and wages for a certain time frame.

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72
Q

Economic goods

A

A valued good or service in the economy

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73
Q

Annual Percentage Rate (APR)

A

Measure of the cost of credit on a yearly basis expressed as a percentage.

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74
Q

Financial security

A

private and public markets, item of value that is interchangeable that can improve an organizations bottom line

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75
Q

Product Service Managment

A

A marketing function that accounts for market opportunities by adjusting, maintaining, and improving a product or service mix

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76
Q

long-term goals

A

specified as more than one year

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77
Q

Top Management

A

Manage people and structure of the company.

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78
Q

Integrating

A

Communicate the objectives of the organization to the staff, and motivate the workforce in order to make sure they accomplish their tasks.

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79
Q

Hierarchical Chart

A

A visual representation showing each component of an organization and the relationship between components.

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80
Q

Interest

A

Money the bank pays you leaving it in your saving.

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81
Q

Monopolies

A

Only one market for goods and services (no competition).

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82
Q

Total Cost of a Loan

A

Total of the principal loan amount, interest paid, and other fees.

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83
Q

Social security

A

A trust fund instituted to pay benefits for retirees surviving spouses and dependents run by the government

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84
Q

Matrix Chart

A

A visual representation showing the relationship between two or more variables.

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85
Q

Recruitment

A

The attraction of a particular occupation to a favored pool of candidates or potential candidates

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86
Q

Apprentice

A

A person that works for another in order to learn a trade.

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87
Q

Well-being

A

Overall state of being happy healthy, and prosperous

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88
Q

Pay Period

A

A recurring period of time over which an employee’s time is recorded and wages are calculated.

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89
Q

Financing

A

Getting the money that is necessary to pay for the operation of a business and it also involves decisions about weather to offer cre4dit to costumers

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90
Q

Economic growth

A

A sustained increase in the number of goods and services produced in an economy

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91
Q

Total Purchasing Cost

A

Total of the down payment, trade-in value, and total loan amount.

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92
Q

Channel of communication

A

A message that is conveyed. Oral, Written, and Non-verbal are three major channels of communication.

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93
Q

Demographic Segmentation

A

Breaks people into groups based on measurable statistics such as age or gender

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94
Q

Internal Candidate

A

An individual who is applying for a position within an organization.

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95
Q

Hierarchy

A

A ranking of individuals where the higher level means greater authority, importance, and influence.

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96
Q

Motivation

A

An engaging factor to influence effort.

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97
Q

First impresions

A

Inrtroduction of a relationship

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98
Q

Withdraw

A

Take money out of a account

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99
Q

Internal Markets

A

The market within the same company.

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100
Q

Socialism

A

More equal distribution of goods and services, more government control and less private market growth

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101
Q

Medical Insurance Premium

A

The amount deducted from an employee’s paycheck for medical benefits.

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102
Q

Economic incentives

A

Enticing behaviors to act on certain wants

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103
Q

Collateral assets

A

Asset that is accepted for a loan.

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104
Q

Renters Insurance

A

Coverage available for individuals renting or subletting property that covers loss of belongings, and occasionally living expenses

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105
Q

Total Quality Management

A

An organization-wide initiative focused on creating a climate that will lead to long-term success by meeting or exceeding customer expectations.

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106
Q

Audience

A

A group of people assembled to watch and listen to a show, concert, movie, or speech.

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107
Q

Communicate

A

To give or exchange information by speech or writing.

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108
Q

International Trade

A

Goods and services being distributed between countries.

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109
Q

Homeowners Insurance

A

Combines property and liability insurance into one policy to protect a home from damage.

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110
Q

Fiscal policy

A

The use of federal governments power to tax and spend to regulate the economy activity

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111
Q

Trade-In

A

Amount of money received for trading in an automobile.

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112
Q

Medicare

A

The nation’s health care program for the elderly and disabled.

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113
Q

Product based marketing

A

Targeting customers who have expressed interest in a certain product pricing, promotion, and distribution strategies

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114
Q

Economic services

A

Labor provided in the economy

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115
Q

Communication

A

Exhange of information between people by speaking, writing, or using common system signs or behavior. Sharing of information where the receiver understands the meaning of the message.

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116
Q

Economics

A

The study of supply and demand, production and distribution

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117
Q

Sole proprietorship

A

A business owned by a single person

118
Q

Dependent

A

Any individual other than the taxpayer or spouse who a taxpayer may receive a dependency exemption for

119
Q

Fixed costs

A

a cost that remains unchanged such and rent and salaries

120
Q

Interoffice

A

Communication between offices/departments within the same company.

121
Q

management

A

the process of accomplishing an organization’s goals through effectively using its people and resources; business function of planning, organizing goals; the term of people who make decisions for the business

122
Q

Trade-offs

A

Switching an aspect to experience gain in another area.

123
Q

Deposit

A

Add money into an account

124
Q

Communism, mixed

A

Public ownership with no options of private markets.

125
Q

Unemployment rate

A

The % of those in the labor force, over the age of 16, actively seeking jobs but unable to find work.

126
Q

Company Analysis

A

Review of staff, company’s financial situation and production capabilities.

127
Q

Audition Interview

A

Applicant shows skills by performing job duties.

128
Q

margin

A

setting up the size of the paper on which you will be typing

129
Q

Paycheck

A

A check issued to an employee in payment of salary or wages.

130
Q

Workman’s Compensation

A

Money owed to an employee after an injury during work hours or on the job

131
Q

Flame

A

An electronic message contain angry abusive threatening or offensive contact

132
Q

Mutual Funds

A

A professionally managed investment program that combines funds from many individuals investors and uses it to purchase diversified holdings, such as securities.

133
Q

spam

A

unsolicited messages often sent to a large number of recipients via email

134
Q

Investing

A

Allocating money through a financial product or other items of value with an exception of future benefit.

135
Q

Unit Costs

A

How much it costs to produce the product.

136
Q

Compensation

A

Amount of money paid to an employee for work performed. (Including salary and wadges).

137
Q

Depression

A

A severe downturn in the economy that is especially prolonged

138
Q

Competition

A

Contest of goods and services provided by multiple organizations.

139
Q

Horizontal Management

A

A horizontal structure provides employees with the tools and skills needed. Cross function (from department to department) communication and creative thinking are encouraged.

140
Q

Job

A

A work role with specific organization.

141
Q

spending

A

monetary transactions

142
Q

Unit Sales Pricing

A

Price at which a product is sold (by unit).

143
Q

Competitive position

A

Company’s strengths and weaknesses compared to competitors.

144
Q

Memo

A

Memorandum: document sent sent within a company (internal) presented in short form.

145
Q

Production Possibilities Curve

A

a curve that illustrated production of multiple products with the same building resources

146
Q

National Debt

A

Money owed at the National level.

147
Q

Compounding Interest

A

Interest earning interest on interest.

148
Q

Repetitive Strain Injury (RSI)

A

An injury caused by repeated movements

149
Q

Flat chart

A

An organization structure characterized by few or no levels of management

150
Q

Conflict Resolution

A

Resolving an issue between parties.

151
Q

Human Capital

A

Ideal talent or skills to be possessed for the benefit of an organization.

152
Q

Authority

A

The power or right to give orders or make decisions over another individual or group.

153
Q

Consumer Price Index

A

Average price range for a good or services.

154
Q

Variable Costs

A

Changes in direct proportion to changes in sales volume, such as; raw material, energy, and labor.

155
Q

Direct Deposit

A

The electronical transfer of a payment directly from the account to the employer to that of the employee

156
Q

Consumer Regulations

A

Protection of buyers for products and services

157
Q

Need

A

A necessity or an essential item required for life.

158
Q

Merchant Services

A

The capacity to accept multiple forms of payment.

159
Q

staffing

A

All the activities to hire and keep workers

160
Q

Year-to-Date

A

The period of time from the start of the current calendar or fiscal year to today, often used on paychecks to track withholdings and income

161
Q

Resources

A

the supply of an asset that has utility and from which a benefit can be produced

162
Q

Economics of scale

A

Reductions in unit cost that can be achieved through a higher volume of activity, such as; fixed costs that are spread out over a higher volume of sales

163
Q

market position

A

ranking of the companies by sales volume-1,2,3 positions

164
Q

Job Descriptions

A

Written statements listing the requirements of a particular job and the skills needed to fulfill those requirements often detailing specific duties and responsibilities.

165
Q

Contractionary policy

A

A fiscal policy used to reduce economic growth, often through decreased spending or higher taxes.

166
Q

Method

A

A way of doing something.

167
Q

Paycheck Stub

A

An attachment to the actual check that helps you keep record of what you were paid for and what deductions were taken out.

168
Q

Controlling

A

The processes of procedures that protect an organization through regulation, especially in regard to financial policies.

169
Q

Zero Defects

A

No imperfections

170
Q

Productivity

A

The effectiveness of effort as measured in economic terms by the rate of output per unit of input

171
Q

Retirement Plan

A

A financial planning mechanism allowing individuals to save for retirement, a variety of types of plans exists with different limits and benefits

172
Q

Credit Score

A

A number that represents how well or bad you manage your credit.

173
Q

Human Resources

A

A necessary department in all organizations that assist in training, hiring, and defending employees.

174
Q

Consumer Analysis

A

Who are the customers and what are their buying habits.

175
Q

Form I-9

A

Employment eligibility verification form. This form determines the percentage of gross pay to be able to work in the united states

176
Q

Vertical Management

A

Power comes from the top, work can become very fragmented and communication is lost.

177
Q

Negotiated Price

A

Price being paid for the automobile agreed upon the seller and buyer.

178
Q

Autocratic

A

A rule who holds ultimate power or someone who dominates others.

179
Q

Implementing

A

To practice or include

180
Q

Database Management system

A

A program such as Access includes both the database information and the tools to use it.

181
Q

Autocratic Style

A

Gives orders to employees.

182
Q

Disability Insurance

A

A type of insurance providing income protection to a beneficiary should the individual become unable to work due to illness or injury

183
Q

market regulations

A

control of the market through the government

184
Q

Vertical Organization

A

A structure defining the chain of command in which managers direct and control the tasks and responsibilities of their subordinates.

185
Q

Decision-making process

A

Brainstorming of ideas.

186
Q

stakeholder

A

part owner of an organization who has a controlling factor in decisions for the company

187
Q

Deductible

A

An established amount of money paid by a policyholder before an insurance provider will pay expenses.

188
Q

Metrics

A

Measurable forms to analyze the success or failure of an organization.

189
Q

Laissez-Faire Style

A

refusal to interfere in other people’s affairs, or the practice of letting people do as they wish; let it be or hands-off (the terms id French for let it be or hands-off)

190
Q

Deductions

A

Takeaways from mandatory contributions.

191
Q

Form W-2

A

Employee’s withholding allowance certificates. This form determines there percentage of gross pay to be withheld for taxes

192
Q

Implied Warrant

A

A warranty imposed by law but not stated orally or in writing and requires certain standards to be met.

193
Q

Standered of living

A

A level of wealth comforts or services available to a society or region

194
Q

Want

A

Unnecessary but desired items which increase the quality of living.

195
Q

Defect Detection

A

Sighting of a failing or deficiency, an imperfection.

196
Q

Discrimination

A

Denial of opportunities to individual on the basis of some characteristics

197
Q

Middle Management

A

Implements decisions of top management.

198
Q

Net Income

A

Profit earned or loss incurred by a business, determined by subtracting expenses from revenues; also called the bottom line.

199
Q

Professional association

A

Organizations which provide services such as professional development and research to members,usually individuals engaged in a specific field

200
Q

Improvement Plan

A

A goal to improve a specific agenda

201
Q

Improvement Plan

A

A goal to improve a specific agenda

202
Q

Formal education

A

Standard learning that is formalized through a diploma certificate or degree

203
Q

Automobile Insurance

A

A contract between a vehicle owner and the insurance company that provides coverage protecting the owner against financial loss in the event of a vehicle accident or theft.

204
Q

Milestone

A

An impactful moment in a business.

205
Q

Automobile Loan

A

Borrowed money to purchase an automobile.

206
Q

Lateral

A

Organizational arrangements include individuals of different departments and groups, on the same organizational level and involve coordination and consultation.

207
Q

Return

A

The money gained through investment or profit

208
Q

Distortion

A

The act of consciously altering a fact or message

209
Q

Payroll card

A

Bankcard that accesses an employee’s salary or wages through withdrawals at automated teller machines.

210
Q

Balance Sheet

A

A statement that displays the assets and liabilities of a company at a given date.

211
Q

Leadership

A

Pursuing expectations through positive engagement and initiative.

212
Q

Net Pay

A

The total amount of money earned after all deductions are withheld.

213
Q

Professional development

A

The advancement of skills or expertise to succeed in a particular profession, esp. through continued education

214
Q

Professional Login name

A

a professional name suitable for a business environment which will generally include your first name or initials with your last name: should not refer to sports,hobbies,physical attributes, or personal preferences

215
Q

Formal organization

A

an organization with structured rules and procedures described in writing

216
Q

Income

A

The amount of money or its equivalent received during a period of time in exchange for labor or services, from the sale of goods or property, or as profit from financial investments.

217
Q

Backspace

A

A keyboard key used to delete characters when typing.

218
Q

Leading

A

Influencing people to accomplish the goals of a business.

219
Q

market research

A

gathering’ analyzing’ and reporting customer information; the study of consumers’ needs and wants and the way the seller can best meet them

220
Q

Netiquette

A

Using acceptable communication when utilizing digital tools, such as the internet.

221
Q

Function

A

A set of activities completed by a department within a larger organization often characterized by speciates

222
Q

Lender

A

A financial institution that lends money.

223
Q

Revenue

A

Amount earned from sales of goods or services and inflow from miscellaneous sources such as interest, rent, and royalties; income earned for the period, such as from the sales of goods and services

224
Q

Banking services

A

Industries providing the securing or borrowing money.

225
Q

GANTT

A

Production projection graph

226
Q

Liabilities

A

Debts that a business owes.

227
Q

Income Statement

A

A document reporting a company’s revenue and expenses for a particular period of time; also known as a profit or Loss Statement.

228
Q

Stocks

A

Shares of ownership interest in a company that entitles the holder to a dividend; the shares are sold to raise capital for a corporation

229
Q

Geographics segmentation

A

Breaks people into groups based on location

230
Q

Risk

A

The possibility of financial loss or something unpleasant or unwelcome regarding the outcome of a situation or event

231
Q

Nondurable goods

A

Consumer goods that are consumed or used up over a short period of time and must be purchased again.

232
Q

Gesture

A

The use for body movement to convey a message

233
Q

stress

A

pressures experienced mentally and emotionally

234
Q

Inflation

A

A general increase in prices across an economy; rise in the cost of goods and services over time.

235
Q

Life Insurance

A

A contract between an insurer and policyholder specifying a sum to be paid to a beneficiary upon the insured’s death.

236
Q

Globalization

A

Conducting the use of body movements to communicate

237
Q

Inform

A

To communicate information or knowledge to somebody

238
Q

market segmentation

A

separating a target market and/or prospective buyers with common characteristics into smaller groups based on certain parameters

239
Q

Risk Management

A

The process of dealing with the chance of potential personal or financial loss; the process of analyzing exposure to risk and determining how to best handle such exposure

240
Q

Inform Education

A

Self-taught in a non-structured setting

241
Q

Barriers To Communication

A

Issues that arise in communication between individuals or groups which prevent the receipt or comprehension of the message intended to be conveyed.

242
Q

stress intreview

A

Applicant put under pressure through rapid succession of questions hostility or argument to see how applicant reacts

243
Q

Line Organization

A

Simple organizational structure in which each person reports to one supervisor.

244
Q

Goal

A

The end result of a person or buisness intend to achieve do reach or accomplish sometime in the future

245
Q

Occupation

A

A job, vocation, or person’s principal work as a means of earning a living.

246
Q

Inform Organization

A

The social structure within an organization

247
Q

Risk Management Plan

A

A document used to prepare an organization for potential future risk in order to estimate the impact and identify possible responses

248
Q

profit

A

the money a business has earned after the cos and expenses of operations are subtracted: the money earned from conducting business after all costs and expenses have been paid

249
Q

Subject line

A

Is not just the tile of the email messages but the required item to grab attention as well as show your creditability to the recipient

250
Q

Blind Carbon Copy (BCC)

A

The addressee does not realize that the message is also being sent to a 3rd party whose e-mail address does not appear; also known as a Blind Courtesy Copy.

251
Q

Risk Propensity

A

Extent to which a decision-maker is willing to speculate when making a decision

252
Q

Offers Loans to Consumers

A

Could include auto dealers, commercial banks, savings, and loans, or credit unions.

253
Q

profit or Loss

A

the difference between total revenue and total expenses

254
Q

market share

A

the portion of the total market potential that each company expects in relation to its competitors; the percentage of the total sales volume generated by all companies that compete in a given market

255
Q

marketing information management

A

information obtained through

256
Q

“Rule of 72”

A

Allows a person to easily calculate when the future values of an investment will double the principle (original) amount

257
Q

On the Job Training- OJT

A

on-the-job training. Training in which employee immediately begins tasks and learns while doing.

258
Q

promotion

A

the act of publicizing a product or service to potential customers in order to inform,persuade, or remind them to make a purchase.

259
Q

Sales Volume

A

The quantity or number of goods sold or services sold in the normal operations of a company in a specified period

260
Q

prosperity

A

economic well-being being thanks to opportunities for growth and expansion in the economy

261
Q

Supervisory management

A

Supervise employees who actually carry out the tasks determined by middle and top management ; the act of managing employees in a business

262
Q

Savings

A

A portion of income that is not spent to purchase necessary or wanted items

263
Q

Opportunity Costs

A

The decision of choosing one option at the risk of losing potential advancements from other options.

264
Q

supply and demand

A

Economics ,the output for a product and the request for that product

265
Q

Savings Account

A

An account with a financial institution

266
Q

Psychographic segmentation

A

Dividing groups of a market based on phycological characteristics including consumption habits,lifestyles,or preferences

267
Q

Scarcity

A

the idea that only a finite amount of resources are avaliable in supply

268
Q

Supply chain management

A

coordinating the flow of goods and services from raw materials through production to distribution

269
Q

Purchasing power

A

The ability to purchase goods and services

270
Q

Peak

A

The height point within the business cycle characterized by the end of economic expansion and the beginning of contraction.

271
Q

SWOT Analysis

A

A study used by an organization to analyze its strengths and weaknesses as well as opportunites and threats

272
Q

Purpose

A

The goal or intended outcome of something

273
Q

Organizational chart

A

Tells employees to whom they report and to whom they can turn with problems or questions; a diagram that shows the structure of an organization and the relationships and relative ranks of its parts and positions/jobs.

274
Q

Tab

A

A way to move your cursor over without using the space bar automatic indent of 5 spaces

275
Q

Rate of Return

A

The net gain or loss of an investment as expressed as a percentage for a specific period of time

276
Q

Organizational Consolidation

A

Working closely across organizations along a supply chain to be more efficient.

277
Q

Real Estate

A

Real estate is land.Most of the time, The ownership of land includes ownership of the buildings and resources located on that land

278
Q

Persuade

A

To succeed in convincing somebody to do something, especially by reasoning, pleading, or coaxing

279
Q

Organizational Culture

A

Behavioral practices within a specific organization (varies from company to company).

280
Q

Place

A

Having the right product, in the right location, at the right time to be purchased by consumers.

281
Q

Organizing

A

Dividing the tasks to be done into divisions and departments in order to accomplish tasks in the most efficient way.

282
Q

Planning

A

Setting goals and developing methods to meet those goals

283
Q

Policyholder

A

A document outlining the terms and conditions between an individual and an insurer specifying the conditions of the insurance contract.

284
Q

Post

A

A message sent to an email list.

285
Q

Posture

A

the way in which somebody holds his or her body, especially when standing.

286
Q

Premium

A

The amount you pay for an insurance policy.

287
Q

Price

A

The amount of money that consumers are willing to pay for a product or service.

288
Q

Price Floors

A

A limit on how low a price can be charged for a product or service.

289
Q

Price Ceiling

A

Prevents the price from rising too high.

290
Q

Price Index

A

A normalized average that shows how prices of a class of goods or services in an specific area changes over time.

291
Q

Pricing

A

How much to charge for good and services in order to maximize profits

292
Q

Principle

A

The amount of money you deposit in your account to begin saving.

Business Management Year 2 (2 decks)

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