Glossary Flashcards
Social media networking
A group of people communicating commerciering and discussing on the Internet
Target market
The group or groups of people to whom a business aims to sell their product or services
Productivity
The effective use of resources to achieve maximum output
Break even point
When the income from sales = the business expense
AIDS
Acquired immune deficiency syndrome
Research
The systematic investigation into and study of materials and sources to establish facts
Delegate
Allow another person to make decisions and carry out the work on your behalf
Opportunities
Chances to use an aspect of the market environment to increase sales and profits
Brand
A product or service offered by a particular company, under a particular name, which projects an image to the public
Leading
Providing strategic direction and applying critical thinking
Unemployment
People within the economically active population,15-64 years old, who are not working,but who want to work and are available to work, and who have recently taken steps to look for work or to start some form of self-employment.
Facilitator
A person who manages a task so that it happens easily and smoothly
Section 21 company
Similar to the functioning and legal structure of a for-profit company, but roes not distribute shares or profits
Archive
Long-term storing of information
E-procurement
The use of technology like the internet to source and buy goods and services
