Introduction to Business

Department of a business or organization that deals with hiring, administration, and training

A plastic card used to make immediate transactions directly from a checking account

Legal agreement that gives the right to use a company’s products/services in a particular area

The product a business sells to its customers

A person or organization who uses goods and services.

The rivalry among businesses to sell their goods and services.

Data describing a group of people in terms of their age, gender, ethnicity etc...

How much of a good or service is available.

How a company encourages people to buy their products, services, or ideas

The processes used to determine and satisfy the needs of customers and the company.

Collecting, recording, and analyzing information about customers, competitors, goods,& services

Business owned by two or more people.

The way in which money is used and handled for running/starting a business

Individuals or companies interested in a specific product or service and willing to pay for it

A person or organization that buys goods or services.

Individual’s need or desire for a product or service.

The action or process of investing money for profit or material result

A plastic card used to make purchases now and pay for them later.

Business that owned exclusively by one person

A summary of income and expenses for a business

A business that sells products and/or services to an end consumer

Product, Place (distribution), Price, Promotion

A legal entity that is separate and distinct from its owners.

The process of running a business of one’s own.

Assistance and advice provided by a company to people who buy or use its products or services

A person who owns, operates, and takes the risk of a business venture