midterm - areas of business Flashcards Preview

Intro to Business > midterm - areas of business > Flashcards

Flashcards in midterm - areas of business Deck (9)
Loading flashcards...
1

study of how people use their limited resources to satisfy wants and needs

economics

2

process of planning and executing the conception, pricing, promotion and distribution of ideas, goods and services to create exchanges that satisfy individual and organizational objectives

marketing

3

how firms obtain and use capital (money and equipment) for business operations, circulation of money, granting of credit (loans) and making investments

finance

4

record business transactions, prepare budgets, analyze statements and calculate the value of a person or business

accounting

5

accoumplishing the goals of an organization through the effective use of people and other resources

management

6

contracts, ethics and other topics as they relate to a consumer's rights in society

business law

7

importing / exporting and how business interactions among various countries are modified based on cultural and legal differences

international business

8

What are the 9 areas of business?

  • accounting
  • economics
  • mareting
  • finance
  • entrepreneurship
  • career exploration
  • international business
  • business law
  • management

9

organizing, operating and assuming the risk for a business venture

entrepreneurship