Term
What are communication?
Process
Barriers
Define
Example |
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Definition
Process by which a message is sent by a sender to a reciever.
Anything that stops a message from being recieved.
The sending out and recieving of a message.
E.g Speaking, letter, text |
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Term
Internal communication
Define
Example
External communication
Define
Example |
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Definition
The sharing of information within an organization for business purposes.
E.g School news letter
The transmission of information between a business and another person or entity in the company's external environment.
E.g Letter from school to home |
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Term
Verble - Example
Written - Example
Visual - Example |
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Definition
Speaking - meeting, face to face conversation
Text, email, letter
Poster, signage |
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Term
Verbal Comunications
Advantages |
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Definition
| Is faster to comunicate the point and there is never any confusion. |
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Term
Written Comunication
Advantages |
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Definition
| It can be made formal. It can be referenced. |
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Term
Visual Comunication
Advantages |
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Definition
| It sticks in your memory better. It looks better presented and is strait to the point. |
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Term
One Way Comunication
Define + Advantages
Two Way Comunication
Define + Advantages |
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Definition
Is comunication from one person and does not involve responce. The advantage is it is quick and easy.
Is comunication that involves multiple peoples input. The advantage of this is it gets a better result. |
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Term
Formal Comunication
Define
example
Informal Comunication
Define
example |
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Definition
Is refrencable and usually writen eg a letter is usually formal and it can be referenced.
Is things like verbal and visual comunication it can not be referenced an example of this would be a poster. |
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Term
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Definition
| Production is when multiple products are made by machine or humens. |
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Term
Job
-Definition
-pros
-cons |
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Definition
-Definition=Products are produced one off by people or departments
-Pros=Unique,
-Cons=More exspensive |
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Term
Batch
-Pros
-Cons
-Definition |
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Definition
-Definiton=One lot of products are made at a time
-Pros=exact amout known, little storage, cost effective, little waste
-Cons=Production can halt when no order,not as fast as flow production |
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Term
Flow Production
-Definition
-Pros
-cons
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Definition
-Definition=The production of goods where they flow from part of the operation to the next.
-Pros=Fast and cheap, little skills needed
-Cons=little variability, boring, low moral |
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Term
Funding
-Why Needed
-Internal
-External |
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Definition
-Why Needed=To continuw to run a business capital (funding) is needed.
-Internal=Funding coming from within business (Own Money)
-External=Funding from outside business (Bank Loan) |
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Term
Mission
Vision
Aims and objectives
-Definitions |
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Definition
-Mission= Why a business exsits.
-Vision= Where a business intends to go
-Aims and Objectives= How they are going to achieve it, steps. |
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Term
Entrepenuer
-define
-characteristics
-reward |
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Definition
-define= A person who thinks up a unique idea and turns it into a business
-Characteristics= creative, intelligent, good communicator, charms,
-reward= succsefull business, money |
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Term
Why is entrepenuership imortant to a country?
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Definition
| Brings in employment and imroves economics in the country |
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Term
Balance sheet
-What does it include
-Define assest
-Define liabilitys
-What is owners equity
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Definition
It includes assests and liabilitys
An asset is object that is owned by the business
Is something that the business owes
Owners equity is what the owner has contributed or taken out of the business |
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