Term
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Definition
| the total amount of money a business takes in during a given period by selling goods and services |
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| intangible products such as education, health care, insurance, recreation, and travel and tourism |
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Term
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| A person who risks time and money to start and manage a business |
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| any activity that seeks to provide goods and services to others while operating at a profit |
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| all the people who stand to gain or lose by the policies and activities of a business and whose concerns the business needs to address |
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| the general well-being of a society in terms of its political freedom, natural environment, etc. that add to the satisfaction and joy that other goods and services provide |
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| the amount of goods and services people can buy with the money they have |
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Definition
| contracting with other companies (often in other countries) to do some or all of the functions of a firm, like its production or accounting tasks |
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| the trend toward saving energy and producing products that cause less harm to the environment |
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| the movement of the temperature of the planet up or down over time |
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| the statistical study of the human population with regard to its size, density, and other characteristics such as age, race, gender, and income |
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| giving frontline workers the responsibility, authority, freedom, training, and equipment they need to respond quickly to customer requests |
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| tangible products such as computers, food, clothing, cards, and appliances |
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| the chance an entrepreneur takes of losing time and money on a business that may not prove profitable |
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Term
Nonprofit Organization
(Not for Profit Organization) |
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Definition
| an organization whose goals do not include making a personal profit for its owners or organizers |
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Term
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| when a business's expenses are more than its revenues |
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Definition
| the amount of money a business earns above and beyond what it spends for salaries and other expenses |
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Term
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| the obtaining of individuals' personal information, such as social security and credit card numbers for illegal purposes |
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| an electronic storage file for information |
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| the amount of output you generate given the amount of input |
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Definition
| everything from phones and copiers to computers, medical imgaging devices, pda's and the various software programsd that make business processes more effective, efficient, and productive |
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| the surrounding factors that either help or hinder the development of businesses |
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| the resources used to create wealth: land, labor, capital, entrepreneurship, and knowledge |
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Term
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Definition
| the buying and selling of goods over the internet |
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