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56 Cards in this Set
- Front
- Back
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Accounting |
Keeping track of where money has been spent |
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Accounting equation |
Assets=liabilities+o.e |
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Aquisition |
When one firm buys another |
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Balance Sheet |
Financial Sheet A=L+o.e |
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Bond |
A loan to a business |
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Brand Equity |
The value of a brand to an organization |
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Capital Gain |
Profit |
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Channel Intermediaries |
Distributing organizations "Middleman" |
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Common Stock |
Ownership in a corporation |
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Credit |
Borrowing money to purchase |
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Data Mining |
Discovering hidden patterns in large amounts of data |
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Demand |
Number of goods a customer is willing to buy |
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Demographics |
Measure of population |
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Distribution Strategy |
A plan for getting the right product to the right person at the right time |
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Economy |
The management of resources |
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Entrepreneurs |
People who RISK time, money, to start a business |
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Ethical Dilemma |
A decision that involves a conflict of VALUES |
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Expenses |
Resources spent in business operations |
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Finance |
Finding the best sources and uses of money |
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Financial Leverage |
The use of DEBT in a firm's capital structure |
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Fiscal Policy |
Government influence on economy |
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Free Trade |
Unrestricted flow of goods and services across international boarders |
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GDP |
Total value of all goods and services produced |
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Human Resource Management |
Concerned with maximizing employee performance |
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Income Statement |
Statement reports revenues, expenses, ect |
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Intellectual Property |
Result of creative effort (books music) |
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Liabilities |
Stuff you OWE (Against firms assets) |
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LLC |
Business with limited liability and flexible tax treatment |
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Liquid Asset |
Asset can easily be turned into cash |
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Logistics |
Tactics in moving products down a supply chain |
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Management |
Planning Organizing - Goals |
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Marketing |
Customer service- Value communication |
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Marketing Mix |
Blend Marketing Strategies for price, product, distribution... |
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Merger |
Two businesses make one |
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Monetary Policy |
Government shape economy through inflation |
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Monopolistic Competition |
Low entry barriers- many competitors selling different products |
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Natural Monopoly |
market with no competitors |
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Nonprofits |
Goal of contribution to community rather than financial gain |
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Offshoring |
Transferring work overseas |
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Oilgopoly |
Market with few competitors, high barriers of entry |
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Operations Management |
Concerned in activities producing goods and services |
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Outsourcing |
transferring work to other businesses |
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O.E |
What you own |
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Payroll |
Money a business pays to its employees |
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Pure Competition |
A market structure with many competitors selling virtually identical products |
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Retailers |
Distributors that sell products directly to consumers |
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Revenue |
Money received from goods and services |
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Social Responsibility |
Obligation of a business to contribute to society |
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Sole Proprietorship |
Single Owner of a business |
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Statement of Cash Flows |
Financial Statement describing the movement of cash through an organization |
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Stockholder |
an owner of a corporation |
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Supply |
The number of goods producers are willing to sell |
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Supply Chain |
All businesses and activities involved in the flow of goods from their raw materials to the final consumer |
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Target Market |
The group of people who are most likely to buy a particular product |
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Utility |
The ability of goods and services to satisfy costumers "WANTS" |
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Wholesalers |
Distributors that sell products to other businesses |
