Lesson 2 Vocabulary Flashcards
Visual style
is used to define the appearance of an application
Crowdsourcing
the practice of obtaining information or input into a task or project by enlisting the services of a large number of people, either paid or unpaid, typically via the Internet
Divisional arrangement
is a type of organizational structure that groups each organizational function into a division
Executive buy-in
occurs when a manager or a management team from outside the company raises the necessary finance, buys it, and becomes the company’s new management
Flat organizational structure
has an organizational structure with few or no levels of middle management between staff and executives
Functional arrangement
The grouping and management of resources based on similar activities or operations, as opposed to physically managing and arranging a work team based on the sequence of process steps
Hybrid organizational structure
is an organizational model that combines two or more reporting structures
Matrix arrangement
is a rectangular arrangement of elements
Social characters
is essentially adaptive to the dominant mode of production in a society
Business to business (B2B)
is a form of transaction between businesses, such as one involving a manufacturer and wholesaler, or a wholesaler and a retailer
Brand recognition
is the extent to which a consumer can correctly identify a particular product or service just by viewing the product or service’s logo, tag line, packaging or advertising campaign
Business to consumer (B2C)
refers to the process of selling products and services directly between a business and consumers who are the end-users of its products or services. Most companies that sell directly to consumers can be referred to as B2C companies
Company culture
a set of shared values, goals, attitudes and practices that characterize an organization
Consumer to business (C2B)
is a business model in which consumers create value and businesses consume that value
Consumer to consumer (C2C)
is the business model that facilitates commerce between private individuals. Whether it’s for goods or services, this category of e-commerce connects people to do business with one another