Study your flashcards anywhere!

Download the official Cram app for free >

  • Shuffle
    Toggle On
    Toggle Off
  • Alphabetize
    Toggle On
    Toggle Off
  • Front First
    Toggle On
    Toggle Off
  • Both Sides
    Toggle On
    Toggle Off
  • Read
    Toggle On
    Toggle Off
Reading...
Front

How to study your flashcards.

Right/Left arrow keys: Navigate between flashcards.right arrow keyleft arrow key

Up/Down arrow keys: Flip the card between the front and back.down keyup key

H key: Show hint (3rd side).h key

A key: Read text to speech.a key

image

Play button

image

Play button

image

Progress

1/6

Click to flip

6 Cards in this Set

  • Front
  • Back
  • 3rd side (hint)

Organization

A tool people use to coordinate their actions to obtain something they value/desire(to achieve their goal). A response to and a means of satisfying the human need

People who value security create police force


People who value entertainment create Walt Disney

Entrepreneurship

Process by which people recognize opportunities to satisfy needs THEN gather and use resources to meet those needs

How organization creates values

Organization's inputs


Organization's conversion process


Organization's Environment


Organization's output

Organization's inputs

Raw material


Money and capital


Human resources


Information and knowledge


Customers of service organizations

Organization's conversion process

Machinery


Computer


Human skills and abilities

Organization's Environment

Customers


Shareholders


Suppliers


Distributors


Government


Competition