Monday, November 3, 2008

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.

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