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53 Cards in this Set
- Front
- Back
- 3rd side (hint)
Ownership |
the state or fact of owning something |
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Public company |
owned and operated by the government |
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Private company |
not owned by the government or by people representing the government |
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Liability |
money owed; legal responsibility for money owed |
المسؤولية القانونية للمال |
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Organization |
the act or process of organizing; putting things into their proper place |
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Structure |
the way in which the parts of a system are arranged or organized, or the system itself |
الهيكل |
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Hierarchy |
a system in which the people within a company or organization are "*organized into levels according to the authority they have*" |
التسلسل الهرمي |
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System |
a particular set of actions for doing something |
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Sole proprietorship |
a business that is owned and operated by only one person |
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Partnership |
an agreement between organizations, people, etc. to work together;"* a company which is owned by two or more people*" |
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Stakeholder |
an employee, investor, customer, etc. who is involved in or buys from a business and has an interest in its success |
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Shareholder |
a person or organization that owns shares in a company |
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Resources |
oil, minerals, forests, etc. that exist in a place and that have economic value to a country |
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Resource allocation |
the process of dividing money, skills, etc. between departments of an organization |
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Layer |
the group of employees or managers at a particular level of responsibility in an organization |
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Functional |
relating to the different areas of skill in a business |
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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 |
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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 |
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Non-profit organization |
receives support from government |
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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 |
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Organizational architecture |
many layers – flatter structures |
structureTall structures |
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Functional structures |
based on purpose (marketing dept |
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Rigid hierarchy |
a hierarchy that does not change |
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Divisional structure |
(leads to power struggles |
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Matrix structures |
mix or hybrid structures |
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Matrix |
a set of related things that affect the way something develops or changes |
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Marketing |
the process of advertising and selling a company's products or services to the consume |
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Advertising |
the activity involved in conveying the message of the product to the consumers. |
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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 |
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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) |
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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) |
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Target market |
the group of people that a company wants to sell its products or services to |
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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. |
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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. |
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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. |
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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. |
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Market segmentation |
the dividing of all possible customers into groups based on their needs, age, education, income, etc |
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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 |
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Mass marketing |
the act of marketing a product to a very large number of people |
Targeting the entire market. |
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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. |
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Prototype |
the first example of something, such as a machine or other industrial product, from which all later forms are developed |
- a test product. |
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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 |
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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. |
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Withdraw |
to take money out of an account |
removing the product from the market |
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Decline |
to gradually become less, worse, or lower |
- the drop of sales. |
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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. |
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Sales |
- the process of selling the product to the consumers. |
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Customer Needs - |
Knowing what your consumer needs in a product or service |
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Market Share |
- the percentage of a market a product takes. |
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Capital resources |
Wealth and property. |
راس المال |
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Natural resources |
Oil, gas, water and air |
موارد طبيعية |
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Human resources |
Employees and managers |
موارد بشرية |
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Human resources |
Employees and managers |
موارد بشرية |