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Definition
| sharing tasks and resources (printers) |
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| combination of tech. procedures and people who collect and distribute info needed to make decisions and coordinate and control company wide activities |
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| data that has been processed ot turned into some useful form |
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| software for specific tasks (word or excel) |
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Definition
| connecting networks together |
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Definition
| the study of econ choices of individual consumers and businesses |
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| basic function of manufacturers |
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Definition
| to turn resources into finished goods |
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Term
| difference between manufacturers and service providers |
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Definition
intangibility: manu. make things you can stock up on
customization: services are easily customized which manu. goods aren't
customer contact: manu. hardly come in contact with customer |
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Term
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Definition
| determines how much money a company needs, how and where to get it, and how and when it will be paid off |
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Term
| steps in developing a financial plan |
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Definition
calc finds needed
-estimate sales
-project costs
getting the money
-owners assets
-loans(family/friend)
-bank loans
making financial decision |
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Term
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Definition
| everything that a company does to identify customers needs and design products to meet the needs |
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measures, summarizes, and communicates financial and managerial info.
advise managers on financial matters |
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| planning for, obtaining, and managing a company's funds |
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Definition
| study of the production, distribution, and consumption of goods and services |
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Definition
| any activity that provides goods or services for the purpose of making a profit |
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Term
| functional areas of business |
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Definition
| accounting operations management finance marketing H.R. I.T. |
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Term
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Definition
| management of the process that transforms resources into products |
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