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53 Cards in this Set

  • Front
  • Back
  • 3rd side (hint)

Ownership

the state or fact of owning something

Public company

owned and operated by the government

Private company

not owned by the government or by people representing the government

Liability

money owed; legal responsibility for money owed

المسؤولية القانونية للمال

Organization

the act or process of organizing; putting things into their proper place

Structure

the way in which the parts of a system are arranged or organized, or the system itself

الهيكل

Hierarchy

a system in which the people within a company or organization are "*organized into levels according to the authority they have*"

التسلسل الهرمي

System

a particular set of actions for doing something

Sole proprietorship

a business that is owned and operated by only one person

Partnership

an agreement between organizations, people, etc. to work together;"* a company which is owned by two or more people*"

Stakeholder

an employee, investor, customer, etc. who is involved in or buys from a business and has an interest in its success

Shareholder

a person or organization that owns shares in a company

Resources

oil, minerals, forests, etc. that exist in a place and that have economic value to a country

Resource allocation

the process of dividing money, skills, etc. between departments of an organization

Layer

the group of employees or managers at a particular level of responsibility in an organization

Functional

relating to the different areas of skill in a business

Frontline

used to describe an employee who deals directly with customers, or who is directly involved in making a product; used to describe a manager whose job involves dealing directly with a group of employees

Management

the activity or job of being in charge of a company, organization, department, or team of employees; the group of people who control a company or organization

Non-profit organization

receives support from government

Limited liability operations

a situation in which the owners or other shareholders of a company are not responsible for all of its debts if the company fails

Organizational architecture

many layers – flatter structures

structureTall structures


Functional structures

based on purpose (marketing dept

Rigid hierarchy

a hierarchy that does not change

Divisional structure

(leads to power struggles

Matrix structures

mix or hybrid structures

Matrix

a set of related things that affect the way something develops or changes

Marketing

the process of advertising and selling a company's products or services to the consume

Advertising

the activity involved in conveying the message of the product to the consumers.

Net Sales

the total value of a company's sales after amounts for costs such as returned, damaged, or missing goods, and any price reductions, taxes, etc. have been subtracted

Marketing mix

-- the combination of actions a company uses when selling a product or service. These are often described as the four Ps (= product, price, place, and promotion)



Marketing mix

-- the combination of actions a company uses when selling a product or service. These are often described as the four Ps (= product, price, place, and promotion)



Target market

the group of people that a company wants to sell its products or services to

Target market

the group of people that a company wants to sell its products or services to

The people who your product or service will be aimed at.

Product placement

a form of advertising in which a product appears or is mentioned as part of a film or television programme

Deciding how you want your product to be seen by the consumer.

Market map

-- a document showing the relationship of a product or brand to groups of possible customers

- a tool that businesses use to help them decide how they want their product to be seen by the consumers.

Strategy

-- a long-range plan for achieving something or reaching a goal, or the skill of making such plans

an action plan that managers use to reach their goals.

Market segmentation

the dividing of all possible customers into groups based on their needs, age, education, income, etc

Niche marketing

the activity of selling products or services to a small area of trade within the economy, often involving specialized products

Concentrating all market efforts on a small but specific section of the market

Mass marketing

the act of marketing a product to a very large number of people

Targeting the entire market.

Product life cycle

the stages in a particular product's existence: introduction, growth or increasing sales, maturity (= slow or no increase in sales), and decline or reduction in sales

the stages a product goes through from its development to its withdrawal.

Prototype

the first example of something, such as a machine or other industrial product, from which all later forms are developed

- a test product.

Advertising campaign

a planned series of advertisements that will be used in particular places at particular times in order to advertise a product or service and persuade people to buy it or use it

Boston matrix --

a measurement of how successful a company's products are compared to competitors' products, calculated by looking at each product's share of sales in its particular market and that market's rate of growth

- a tool used to analyze the products in a business and inform managers about possible marketing strategies.

Withdraw

to take money out of an account

removing the product from the market

Decline

to gradually become less, worse, or lower

- the drop of sales.

Advertising campaign

a planned series of advertisements that will be used in particular places at particular times in order to advertise a product or service and persuade people to buy it or use it

a series of linked advertisements.

Sales

- the process of selling the product to the consumers.

Customer Needs -

Knowing what your consumer needs in a product or service

Market Share

- the percentage of a market a product takes.


Capital resources

Wealth and property.

راس المال

Natural resources

Oil, gas, water and air

موارد طبيعية

Human resources

Employees and managers

موارد بشرية

Human resources

Employees and managers

موارد بشرية