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EC-071 Glossary 6

AB
ResourceAny item that is used to accomplish another activity, such as producing/providing goods and services
Strategic managementThe process of planning, controlling, and organizing an organization or department
StrategiesPlans of action for achieving goals and objectives
Strategic positionHow a business measures up in relation to other businesses in the industry; can involve the image or impression of a business or organization
Venture capitalInvested money used for new business opportunities
TacticsSpecific actions that will be used to carry out strategies
VisionA summary of what a business owner wants a business to become
RevenuesSales or gross income


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

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