____________ deals with the level and control of an organization's governance over its information assets.

_____________ is the power given to someone in a supervisory position to mandate actions by subordinates.

The ________refers to levels of authority in the company from the top position, such as a CEO or business owner, down to workers on the front line.

The term _________ refers to the activities involved in the four general functions: planning, organizing, leading and coordinating of resources.

A ___________ is a person or a registered company which makes finished products from raw materials in a bid to make a profit. The goods are later distributed to wholesalers and retailers who then sell to customers.

_____________ allow the laws of supply and demand to control the production of goods and services.

___________ includes advertising, selling, and delivering products to consumers or other businesses.

A _____________ occurs when a company and its offerings dominate an industry and has significant market power, that is, the power to charge overly high prices.

The possibilities a company will have lower than anticipated profits or experience a loss rather than taking a profit that is caused from extreme weather or disaster in nature.

_________, known informally as 'the bottom line', is calculated by adding up a business' total expenses and subtracting that from its revenue.

____________ involves ways that firms seek to increase sales and attract custom through methods other than price

A(n) ________ is a market form wherein a market or industry is dominated by a small number of large sellers

A(n) _______ is a cost a business incurs through its normal business actions. These often include rent, equipment, inventory costs, marketing, payroll, insurance, step costs, and funds allocated for research and development.

__________ management is the administration of business practices to create the highest level of efficiency possible within an organization

During the _________ process, managers coordinate employees, resources, policies, and procedures to facilitate the goals identified in the plan.

_____________ describes a market structure where competition is at its greatest possible level

_______ is a management process, concerned with defining goals for a future direction and determining on the missions and resources to achieve those targets.

________is a business strategy where a firm tries to differentiate its product or its service from that of a competitor on the sole basis of a lower price

A(n) __________ is a privately owned business or industry run independently of the government.

_____________ combine labor and capital—called factor inputs to create, that is, to output something else.