Shared Flashcard Set

Details

1.03 Vocab
Third Vocab
18
Business
11th Grade
01/29/2013

Additional Business Flashcards

 


 

Cards

Term
Entrepreneurs
Definition
People who sense oppurtunity and take risks in the face of uncertainty.  One who has a fire, a passion for their mission
Term
Small business owners
Definition
Those who manage their own companies usually with a 100 or less employees.  They may also perform all tasks
Term
Manager
Definition
Individual whose job involves carrying out management functions
Term
Service Business
Definition
A type of business that preforms intangible activities that satisfy the wants of consumers or industrial users
Term
Home-Based Business
Definition
A company that that is operated in a residential dwelling
Term
Engineering
Definition
The skill to invent and develop new products or services
Term
Manufacturing
Definition
the skill to deliver them, consistently and reliably, with quality, service, and price.
Term
Selling
Definition
The skill to sell them
Term
Business
Definition
The skill to make a profit by manufacturing or selling
Term
Outsourcing
Definition
Aquiring assisstance from outside organization/consultant to obtain or services to accomplish business objective or preform primary business activities.
Term
Stratigic Alliances
Definition

Joint-Venture; An arrangement that involves two or more businesses entering into a relationship by combining complentary resources such as technology, skills, capital, or distribution channels, for the benefit of all parties, the relationship is usually short-term for a single project/trasaction

 

Term
Corporate Venture
Definition
Is the investment of corporate funds directly in external start-up companies.
Term
Debt Ratio
Definition

Is a finacial ratio that indicates the percentage of of a companies assessts that are provided via debt.  It is the ratio of total debt( the sum of current liabilites and long-term liabilities) and total assets( the sum of current assets, fixed assets, and opther assets such as 'goodwill') = Assets( things of value)/ Liabilities(debt)

 

 

Term
Inventory
Definition
The Goods and materials that a business holds for the ultimate purpose of resale, stock.
Term
Capital
Definition
Assets of a business.
Term
Inquires
Definition

1. Examination into facts and Principles; Research

2.  A request for Information

3.  A systematic investigation often of a matter of public interest

Term
Solicited Inquires
Definition
When a business or agency advertises its products or services
Term
Unsolicited Inquires
Definition
If the Recipient had sone nothing to prompt your inquiry
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