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Intro to business
chapter 3 Eflashcards
22
Business
11th Grade
12/10/2010

Additional Business Flashcards

 


 

Cards

Term
Online business
Definition
A company that conduct's business by means of the Internet.
Term
Services
Definition

Intangible(nonphysical) products that satisfy consumers' wants and needs

 

Term
sustainability
Definition
A venture seeks to achieve economic, environmental, and social goals without compromising the ability of future generations to meet their own needs.
Term

Social Entrepreneur

 

Definition
identify social needs, such as finding employment for wonded veterans, combating pollution, or providing shoes for children who cannot afford them, and recognize them as opportunities.
Term

Outsourcing

 

Definition
is contrating with other companies for services. 
Term
Strategic Alliance
Definition
Kind of Partnership
Term
Corporate Venture
Definition
New venture started inside a large corporation.
Term
Innovation
Definition

Finding new ways of doing things.

 

Term
Niche
Definition
Small specialized market.
Term
Brainstorm
Definition
You think frelly to generate ideas.
Term
Demographics
Definition
Personal characteristics that describe a population.
Term
Trade Magazine
Definition
Periodical published for specific types of businesses or industries.
Term
Specialty magazine
Definition
periodical that targets people with special interests in sport, camping, fashion. and a variety of other areas.
Term
Trade Show
Definition
Vendors and manufacturers introduce new items adn promote established products and services
Term
Values
Definition
Beliefs and principles you choose to live by.
Term
Goodwill
Definition
Loyalty an extremely valuable business asset.
Term
Franchise
Definition
Legal agreement to begin a new business in the name of a recongnized company.
Term
uFranchisee
Definition
Gives (buyer) the right to a product, process, or service; training adn assistance in setting up the business; and ongoing marketing and quality support while the business is in operation.
Term
Franchisor
Definition
The seller.
Term
Business Broker
Definition
Job to bring buyers and sellers together.
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