Business Concepts Flashcards

Front

Business Types

Back

Sole proprietorship, partnership, corporation, LLC

Front

Profit vs. Nonprofit Organizations

Back

Businesses that aim for financial gain vs. those with a social mission

Front

Business Environment

Back

Economic, social, technological, and legal factors affecting business

Front

Entrepreneurship

Back

Starting and managing a business

Front

Innovation

Back

Developing new products, services, or business models

Front

Risk & Reward

Back

The balance between potential success and failure

Front

Corporate Social Responsibility (CSR)

Back

Businesses contributing positively to society

Front

Ethical Decision-Making

Back

Honesty, fairness, and integrity in business

Front

Sustainability

Back

Environmentally and socially responsible business practices

Front

The Marketing Mix (4Ps)

Back

Product, Price, Place, Promotion