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Business vocab Flashcards | StudBud
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Business vocab
Business vocab
20 terms
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1
Team work
Family, friends community
a network of people that can provide you with emotional support
A combined action of a group of people, especially when effective/efficient
Being in something as one union
2
the knowledge of how to make smart decisions with money
Financial Literacy
Computer Literacy
3
Net income
the amount a business makes after deducting costs, allowances and taxes.
money received on a regular basis, for work or through investments.
your annual income is the total amount of money you earn over the year
4
A loan for the purchase of real property, secured by a lien on the property
Mortage
Intellectual Property
5
Engaging Questions
Compliments
Charming and attractive questions
to draw someone into a conversation with a question
How was your day?
6
when a person's or entity's vested interests raise a question of whether their actions
Confidentiality
Conflict of Interest
7
Elevator speech
Go/No GO
30 second talk with your friend
a short, memorable description of what you do and/or what you sell.
8
Communication Skills
OPEN EARS
Having your 5 senses
Listening 24/ 7
involve listening, speaking, observing and empathizing
9
Comfort Engaging with Strangers
Hanging out with your friends
Talking with your teacher
ability to interact in a friendly and effective way with unfamiliar people.
you need to be able to talk to any new person you meet
10
implementing appropriate business policies and practices with regard to arguably controversial subjects
Mission- Driven
Business Ethics
11
Grit
firmness of purpose
resilience, the ability to keep working towards an objective
move with or make a grating sound.
small loose particles of stone or sand.
12
Personal capabilities
the power or ability to do something.
personal/emotional and social/intelligences, sensibilities and learnin
The ability to interact in a friendly way with unfamiliar people.
Personal qualification
13
Problem solving
dentifying, prioritizing, and selecting alternatives for a solution
impartial and just treatment or behavior without discrimination
the process of finding solutions to difficult or complex issues
the act of defining a problem; determining the cause of the problem;
14
the state of being responsible for something, especially by law.
Assets
Liability
15
the ability to control one's feelings and overcome one's weaknesses
Self- motivation
self -discipline
16
Transparency
Window clear
Being clear as day
the quality of being easy to perceive or detect
impartial and just treatment or behavior without discrimination
17
Share
portion of a larger amount which is divided among a number of people
have a portion of (something) with another or others
units of stocks issued by a corporation that represent ownership
coporation that represents ownership
18
Launch Plan
a guide for introducing a new product or service to a company's target
the planning of all the stages that makes releasing a new product
typically includes a timeline, budget, marketing and...
to release, catapult, or send off (a self-propelled object)
19
Self - Motivation
the reason or reasons one has for acting or behaving in a particular way.
the ability to control one's feelings and overcome one's weaknesses
the internal drive that leads us to take action towards a goal
the general desire or willingness of someone to do something.
20
Intellectual property
a work or invention that is the result of creativity,
a type of property encompassing the products of original human thought
