Definition define the organiations guiding values

Definition a United Nations agency created to assist developing nations by loans guaranteed by member governments

Definition the loss in value of a tangible asset (e.g. a vehicle)

Definition concerned with avoiding legal pinshisment,

Definition Studying buyer interests and needs, testing products, and gathering facts needed to make good marketing decisions

Definition Items purchased after comparing prices and features.

Definition a financial statement that reports assets, liabilities, and owner's equity on a specific date

Definition long-term assets (e.g., patents, trademarks, copyrights) that have no real physical form but do have value

Definition: An intermediary who plays the traditional broker's role by bringing buyer and seller together

Definition: the process of developing detailed, short-term statements about what is to be done, who is to do it, and how it is to be done

Definition: lowers incentive to start a business or to work hard; higher unemployment rate and slower growth rate

Definition: measure the company's ability to generate profits

Definition: keeping the company's books, preparing financial statements, preparing tax returns, developing strategies to minimize taxes

Definition: Central American Free Trade Agreement

Definition: selling products for less in a foreign country than in your own country

Definition: Prohibits the importing or exporting of certain products

Definition: items that are relatively permanent, such as land, buildings, and equipment

Managements role in setting ethical standards?

Definition: measure the effectiveness of the use of resources from an operational point of view

Definition: business's concern for society's welfare

Definition: credit control, stock control, expenditure control, marketing initiatives, using an outside company to recover a debt

Definition: an advantage that cannot be copied by the competition

Definition: the loss in value of an intangible asset (e.g. the purchase of a licence or trademark)

Definition: measure the degree to which a firm relies on borrowed funds in its operations

Definition: A set of unique features of a company and its products that are perceived by the target market as significant and superior to the competition

Definition: a marketing strategy that entails attracting new customers to existing products

Definition: Earnings before Interest, Taxes, Depreciation and Amortization

Definition: the idea that the social and economic justification for an organization's existence is the satisfaction of customer wants and needs while meeting organizational objectives

Definition: pay for something

Definition: is an economic system base on the premise that some business should be owned by the government

Definition: an agreement between two or more companies to share a business project

Definition: items that the consumer either does not know about or knows about but does not initially want

Definition: 1. at least two parties, 2. each party has something of value to the other party, 3. each part is capable of communication and delivery, 4. each party is free to accept or reject, 5.

Definition: a management function that involves establishing clear standards to determine whether or not an organization is progressing toward its goals and objectives, rewarding people for doing a good job, and taking corrective action if they are not

Definition: licensing, exporting, franchising, contract maufacturing, joint ventures, strategiv alliances, direct foreign investment

Definition: strategic business unit, a subgroup of a single business or collection of related businesses within the larger organization

Definition: General Agreement on Tariffs and Trade

Definition: the delegation of power and authority to subordinates

Definition: the activity of recording business transactions (raamatupidamine)

Definition: A comparison of strengths, weaknesses, opportunities, and threats that helps executives formulate strategy.

Definition: a management function that includes anticipating trends and determining the best strategies and tactics to achieve organizational goals and objectives

Definition: items that can or will be converted into cash within one year; may also include marketable securities

Definition: Commercial activity in which businesses and charities form a partnership to market an image, a product, or a service for their mutual benefit; a type of promotional campaign

Definition: the broad, long term accomplishments an organization wishes to attain

Definition: anything of value owned by a business

Definition: the generation following the baby boom (especially Americans and Canadians born in the 1960s and 1970s)

Definition: goods (as food or clothing) intended for direct use or consumption

Definition: loan capital including also any overdraft (temporary negative balance)

Definition: a tool for allocating resources among products or strategic business units on the basis of relative market share and market growth rate

Definition: studies the behavior of people and organizations in a particular market

Definition: the management of the money supply and interest rates

Definition: sending U.S. jobs abroad

Definition: specific, short term statements detailing how to achieve the organization's goals

Term: the P&L account ends with...

Definition: When a company implements strategies that attempt to shape the external environment within which it operates

Definition: the process of preparing alternative courses of action that may be used if the primary plans don't achieve the organizations objectives

Definition: Four stages that product goes through over its life: introduction, growth, maturity, and decline.

Definition: is the balance of trade plus other money flows such as tourism and foreign aid

Definition: cost centres, profit centres, variance analysis, costing methods (standard versus marginal costing), valuing assets

Definition: The blending of four marketing elements—product, distribution, price, and promotion

Definition: in the portfolio matrix, a business unit that shows rapid growth but poor profit margins

Definition: using more capital than labor in the production process

Definition: refers only to laws written to protect people from fraud, theft, and violence

Definition: skills that involve the ability to perform tasks in a specific discipline or department

Definition: a loan for fixed period of time with fixed interest rate

Definition: research that gathers and analyzes information about the moving of good or services from producer to consumer

Definition: Obtain goods from manufacturers and resell them to industrial users, other wholesalers and retailers.

Definition: when unemployment gets too high, the federal reserve bank may put more money into the economy and lower interest rates

Definition: describes a firm in which all decisions are made with a conscious awareness of their effect on the consumer.

Definition: taxes on foreign products

Definition: studies the operation of a nation's economy as a whole

Definition add together the ogranizations positive actions and then subtract the negative effects to get a net social benefit

Definition the process that turns a marketing plan into action assignments and ensures that these assignments are executed in a way that accomplishes the plan's objectives

Definition a philosophy that focuses on the internal capabilities of the firm rather than on the desires and needs of the marketplace

Definition selling products to other countries

Definition Pure science that aims to increase the scientific knowledge base

Definition that a country has a monopoly on a certain product or can produce the product more efficiently than any other country. there are few examples of absolute advantage

Definition is part capitalist and part socialist, business privately owned but taxes are high and income is redistributed

Definition a long-term bank loan to purchase a home or other real estate

Definition the information system that identifies, records, and communicates the economic events of an organization to interested users (majandus arvestus)

Definition: People born between 1979 and 1994

Definition: PMI = Pluses, Minuses, Implications; listing all the pluses for a solution in one column, all the minuses in another, and the implications in a third column

Term: the P&L account begins with...

Definition: creating a vision for the organization and guiding, training, coaching, and motivating others to work effectively to achieve the organization's goals and objectives

Definition: part of a building that cannot be moved, such as lights; personal property so securely attached to real estate that it becomes part of the real estate

Definition: an agreement to dramatically lower trade barriers worldwide; created the World Trade Organization

Definition: grouping goods according to size, quality, or other characteristics, and determining appropriate price for products and services

Definition: Budgeting for marketing activities, obtaining the necessary funds needed for operations, and providing financial assistance to customers so they can purchase the business products and service.

Term: Why should nations trade with other nations?