| A | B |
|---|
| People who build build and maintain local and wide area networks | network administrators |
| this business is more heavily taxed than any other form of business | corporation |
| This type of compensation pays workers per hour they work and may include limited fringe benefits | wage |
| must have this to claim a brand name exclusively for your company | trademark |
| 3 main sections of a business | marketing, finance, and production |
| This type of business ownership has the advantage of owners being able to make decisions quickly | sole proprietor |
| most popular option for new business owners looking for a place to locate their business | leasing a space |
| A section of a business plan that describes how a firm is to be structured and staffed and where it will be located is called | organizational plan |
| independent firms that employ outside sales representative who perfom the selling funcion in the local area from a company | sales agent |
| geographic region from which a firm can expect customers to travel to make a purchase | trade area |
| A form of business ownership that is granted by the state government, where the firm has some of the same legal rights as a person | corporation |
| people who create web pages for companies | web designers |
| Contracting with independent companies to perform tasks such as selling, manufacturing, and distribution | outsourcing |
| A brand name for a product that is granted exclusive use by the federal government | trademark |
| A diagram showing the positions in a firm and reporting structure for each position | organizational chart |
| a fixed amount of compensation that an employee earns over a 12 month period regardless of hours worked | salary |
| people in charge of manufacturing a firm's products | production manager |
| a written document that lists the duties and responsibilities of a position in a firm | job description |
| owners of a corporation | stockholders |
| people who develop employment strategies and company policies and procedures related to employee compensation levels, fringe benefits,training and hiring employees | director of human resources |
| any person in a firm that organizes staffs and supervises employees | manager |
| Forms of compensation that some employee receive that include paid holidays, health insurance and retirement plans | fringe benefits |
| people who determine what products are needed from suppliers to be used in manufacturing | purchasing assistant |
| qualities that describe potential customers which are considered in choosing the location of a new business | demographic characteristics |
| a very brief description of the future size of firm, types of products it will offer and nature of the customers it will serve | vision statement |
