PBMF UNIT 2 LET’S TALK BUSINESS TERMINOLOGY

Business - ________ is an organization or enterprising entity engaged in commercial, industrial, or professional activities.

• Business

• Company

• Institution

• Corporation

Entrepreneurship - ________ is the process of designing, launching, and running a new business or startup, often initially a small business.

• Entrepreneurship

• Management

• Investment

• Marketing

Management - ________ is the process of planning, organizing, leading, and controlling an organization’s resources to achieve specific goals.

• Management

• Coordination

• Supervision

• Administration

Marketing - ________ are activities a company undertakes to promote the buying, selling, and use of its products or services.

• Marketing

• Advertising

• Sales

• Public Relations

Finance - ________ is the management of large amounts of money, especially by governments or large companies, including activities like investing, borrowing, and budgeting.

• Finance

• Marketing

• Accounting

• Economics

Accounting - ________ is the process of recording, summarizing, and analyzing financial transactions to provide insights into business performance.

• Accounting

• Budgeting

• Auditing

• Taxation

Business Ethics - ________ are principles and standards that determine acceptable conduct in business organizations.

• Business Ethics

• Corporate Governance

• Social Responsibility

• Legal Compliance

Economics - ________ is the study of how people manage resources and make choices about production, distribution, and consumption of goods and services.

• Economics

• Biology

• Chemistry

• Physics

Operations - ________ are the day-to-day activities required for a business to function effectively, including production and service delivery.

• Operations

• Marketing

• Finance

• Human Resources

Human Resources - ________ is the department within a company that focuses on recruiting, managing, and supporting employees.

• Human Resources

• Finance

• Marketing

• Operations