51. Marketing Mix: generally accepted as the use and specification of 'the four Ps' describing the strategic position of a product in the marketplace.
52. Marketing Research: Marketing research, or market research, is a form of business research and is generally divided into two categories: consumer market research and business-to-business (B2B) market research, which was previously known as industrial marketing research.
53. Mission Statement:
a brief statement of the purpose of a company, organization, or group. 54. Nepotism
55. Net Income:equal to the income that a firm has after subtracting costs and expenses from the total revenute

56. Oligopoly:a market form in which a market or industry is dominated by a small number of sellers (oligopolists).
57. Organizational Chart: a diagram that shows the structure of an organization and the relationships and relative ranks of its parts and positions/jobs.
58. Organizing: to form as or into a whole consisting of interdependent or coordinated parts
59. Occupational Safety and Health Act [OSHA]: a law passed by the United States Congress that created the Occupational Safety and Health Administration to prevent employees from being injured or contracting diseases in the course of their employment
60. Planning: the act or process of making a plan or plans.
61. Planning Tools: things in which you make possible the planning process.
62. Product Safety: ensures that you have appproprate warnings and that the product is generally safe if used as instructed.
63. Profits: the amount of money earned after expenses.
64. Proprietorship: the owning of a company.
65. Pure Monopoly: A market in which one company has control over the entire market for a product
66. Recession: a slow down of the economy. not as deep as a depression.
67. Recruitment: the hiring of new people.
68. Small Business Administration Loan [SBA]: provides a number of financial assistance programs for small businesses.
69. Sherman Act: prevents a market monopoly.
70. Social Responsibility: the idea that you are automatically responsible for things like the environment because you are apart of society.
71. Social Security Act: creates a fund so people can have a steady income after they retire.
72. Strategic Objectives: Broadly defined target that an organization must achieve to make its strategy succeed.
73. Theory X: the belief that people are lazy and will not work unless supervised.
74. Theory Y: the belief that people enjoy working and do not need strict supervision.
75. Theory Z: Employment for life with added benefits and the caring of each employee.
76. Training: the educating of employees so they can perform their jobs in the proper manner.
77. Unemployment Insurance: Unemployed people through not fault of their own, but are available for work and actively seeking jobs, are given monthly sums for sustenance.
78. Variance Reports: calculates the variance in days between your original planned (baseline) completion date and your actual or estimated completion date.
79. Venture Capitalist: a type of private equity capital typically provided to immature, high potential, growth companies in the interest of generating a return though an eventual realization event such as an IPO or trade sales of the company.
80. Wheeler-Lea Act: prohibits false advertising.
81. Whistle Blower: a person who alleges misconduct.

41. Inflation: the steady rise of prices and wages.
42. International Trade: trade with other nations.
43. Interstate Commerce Act: established the Interstate Commerce Commission.
44. Joint Venture: a business enterprise in which two or more companies enter a temporary partnership.
45. Laissez-Faire Leadership Style: the leader provides little or no direction to the followers.
46. Leadership: the position or function of a leader
47. Leadership Style: how a leader chooses to lead his team.
48. Line-and-Staff: Delineation of organizational authority between management personnel (staff) having overall planning and direction responsibilities and operational personnel (line) having direct job performance responsibilities. Staff is advisory to the line function.
49. Management Functions: the things required by management to do to keep the company at its best.
50. Market Segmentation: a subgroup of people or organizations sharing one or more characteristics that cause them to have similar product needs.

21. Decision-Making Process: the process by which you make decisions
22. Democratic Leadership Style: equal rights for all workers 23. Depression: a phase in which business activity remains far below normal for years
24. Directing: leading or guiding in a certain direction to accomplish a goal
25. Economics: the study of the production, distribution, and consumption of products and services.
26. Empowerment: when someone receives more power than previously had.
27. Entrepreneur: one who starts, runs, and manages their own company at their own financial risk.
28. Environmental Control: controlling and keeping track of things that go into the environment such as chemicals, toxins, waste, ect. to keep the environment clean
29. Evaluate Performance Expectations: expectations that an employees performance is up to code.
30. Exchange Rate: How much our own money is worth in comparison with foreign money.
31. Factors of Production: what might affect the production of goods
32. Financial Statements: stating where the company is financially
33. Flexible Work Schedules: when you can show up when it is a good time for you and leave when it is most convenient
34. Form Utility: the ability of a product to satisfy a consumer's needs or wants
35. Franchise: an arrangement in which a supplier grants a dealer the right to sell a product in return for some percentage of the total sales
36. Franchiser: a company or manufacturer that grants franchises
37. Herzberg Theory: the Motivation-Hygene theory. People are influenced by two factors which are Satisfaction and Dissatisfaction.
38. Human Resource Department:deals with consumer complaints and maybe hazards of a product.
39. Human Resource Management: makes sure they do it.
40. Income Statement: a statement accurately stating your businesses income

11. Compensation: Money given as a replacement for something lost like service, property, ect.
12. Computers: a machine that can do simply progam tasks as well as more advanced programs
13. Controlling:to posess power or to have the ability to control something or someone.
14. Corporation:a big assosiation or company run by many members but is independant of the members terms of existance.
15. Cross Training: to provide training in more than one area, skill, task, ect.
16. Culture: type of person or society as far as dealing with beliefs, likes, arts, writings, ect.
17. Customers: people who consume the products that a company produces
18. Day Planner: someone who plans out the day for a job
19. Debt Financing: when a firm raises money for working by selling bonds.
20. Decentralized: Splitting up the decision making to all the company.

1. Added Value: additional benefits of a product or service as compared to the competition
2. Affirmative-Action Programs: programs aimed at employing people from minority groups such as women or people of other races.
3. Autocratic Leadership Style: when a leader assumes that his or her employees are motivated by external forces so the managment makes the decisions and directs the employees behavior.
4. Balance Sheet: a statement on paper that shows the financial situation of a company at a certain time.
5. Benefits: something that, when it is used, it gives some sort of positive outcome.
6. Break-Even Analysis: analysis of how much needs to be made so that you odn't lose any money, but don't gain any either; anymore made past the break even point is profit.
7. Business Ethics: Moral and Social values in the buisness environment by which a person follows or does not.
8. Centralized: to bring management or ocntrol under one, central authority.
9. Clayton Act: prevent anticompetitive practices in the United States incipiency like the Sherman Act
10. Comparable Worth: A reform effort to pay different job titles the same based on their value to their employer regardless of the gender