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EC-071 Glossary 5

AB
OrientationJob preparation or induction training in which new employees are acquainted with their surroundings, receive general information about the company and its policies, and are given specific information about their jobs
PurchasingThe process of acquiring the goods and services necessary to keep production going and to accomplish business goals
Quality controlEnsuring the degree of excellence of a good or service
OverheadBusiness expenses for things such as payroll, rent, and utilities
ProductionThe process or activity of producing goods and services
ProfitMonetary reward a business owner receives for taking the risk involved in investing in a business
RecruitingSeeking out and attracting qualified potential employees
OutsourcingAcquiring assistance from outside organizations/consultants to perform primary business activities


Business Marketing Teacher, Career Technical Education
CENTRAL CABARRUS HIGH SCHOOL
Concord, NC

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