definitions Flashcards
strategy vs tactic
strategy is a plan or set of goals
tactic are the specific goals or actions to accomplish the strategy
analyze
study or determine the nature and relationship of something
communication
transactional and relational process involving the meaningful exchange of information
professionalism
the competence or skill expected of a professional
interpersonal communication
exchange of information between two or more people
conducting relationships and achieving goals
socio-culture
culture, ethnocentrism, high culture context, low culture context
truth and reconciliation
commit to meaningful consultation, ensure that aboriginal people have access to education and jobs
provide education on aboriginals for workers
intersectionality
understanding how different identities make a person who they are and the way those identities impact their life in a given culture
capitalism
economic system in which private actors own and control property in accord with their interests, and demand supply freely set prices in markets in a way that can serve the best interests of society
free market
economic system in which both prices and production are dictated by corporations and private companies in competition with one another, and places heavy focus on private property, economic growth, and freedom of choice
market power
a measure of the ability of a company to successfully influence the pricing of its products or services in the overall marketplace
perfect competition
multiple sellers sell a standardized product to multiple buyers
monopoly
a single company is the sole seller of a distinct type of product or service
