Flashcards - Operation of Business Firms

Flashcards - Operation of Business Firms
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partnership
A partnership is an arrangement where parties, known as partners, agree to cooperate to advance their mutual interests
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business organizations
A business, also known as an enterprise, company or a firm is an organizational entity involved in the provision of goods and services to consumers
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target market
A target market is a group of customers a business has decided to aim its marketing efforts and ultimately its merchandise towards
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recession
In economics, a recession is a negative economic growth for two consecutive quarters
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depression
Depression is a state of low mood and aversion to activity that can affect a person's thoughts, behavior, feelings and sense of well-being
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corporation
A corporation is a company or group of people authorized to act as a single entity and recognized as such in law
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13 cards in set
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corporation
A corporation is a company or group of people authorized to act as a single entity and recognized as such in law
depression
Depression is a state of low mood and aversion to activity that can affect a person's thoughts, behavior, feelings and sense of well-being
recession
In economics, a recession is a negative economic growth for two consecutive quarters
target market
A target market is a group of customers a business has decided to aim its marketing efforts and ultimately its merchandise towards
business organizations
A business, also known as an enterprise, company or a firm is an organizational entity involved in the provision of goods and services to consumers
partnership
A partnership is an arrangement where parties, known as partners, agree to cooperate to advance their mutual interests
business cycle
The business cycle or economic cycle is the downward and upward movement of gross domestic product around its long-term growth trend
decision tree
A decision tree is a decision support tool that uses a tree-like graph or model of decisions and their possible consequences, including chance event outcomes, resource costs, and utility
flow production
"Mass production", "flow production" or "continuous production" is the production of large amounts of standardized products, including and especially onassembly lines
market your product
Product marketing is the process of promoting and selling a product to an audience
Distribution systems
An electric power distribution system is the final stage in the delivery of electric power; it carries electricity from the transmission system to individual consumers
critical path analysis
The critical path method is an algorithm for scheduling a set of project activities
productivity
Productivity is an average measure of the efficiency of production

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