POBF 5.03 Vocab

The process of gathering, recording, organizing, and reporting financial data

• Accounting

• Information Management

Power to influence or control the opinions or behavior of others.

• Authority

• Consumer Demands

• Customer Relations

• Ethics

A type of producer that constructs roads, bridges, buildings, or houses.

• Builders

• Producers

• Manufacturers

An organized effort to produce and/or distribute goods and services.

• Business

• Globalization

• Production

The basic principles that govern a business's actions.

• Business Ethics

• Consumer Relations

• Goals

A negotiating style in which one or both parties view the negotiation as a game-like challenge or a rivalry.

• Competitive Aggression

• Consumer Demands

• Authority

Manner in which individuals act that determines what they buy and sell.

• Consumer Demands

• Give the people what they want

• Gimme that

• Lemme get that

All the activities a business engages in to interact with its customers.

• Customer Relations

• Consumer Demands

• Vibe Check

Also called organizational structure

• Organizational Design

• Chain of Command

• Unity of Command

• Authority

The creation or discovery of something new,

perhaps a new product

• Innovation

• Scalar Principle

• Authority

• Delegation