3.01 Key Terms Business Essentials

the usage of outside organizations or consultants to perform one or more of the primary business activities

the process or activity of producing goods and services

he process of planning, staffing, leading, and organizing the employees of the business

the process of planning, maintaining, monitoring, controlling, and reporting the use of financial resources

an organized effort to produce and/or distribute goods and services.

the day-to-day activities required for continued business functioning

the process of accessing, process, maintaining, evaluating, and disseminating business knowledge, facts, or data

keeping accurate and useful financial records; and analyzing and interpreting the recorded information

the process of creating, communicating, delivering, and exchanging offerings that have value for society at large

the process of planning, controlling, and organizing an organization or department