| A | B |
|---|
| There are currently more high paying jobs in this industry | service |
| good benefits, less risk and less time committment are advantages to | working for someone else |
| general well-being of a society in terms of its political freedom, natural environment, education, health care, safety, amount of leisure, and rewards that add to the satisfaction and joy that other goods and services provide | quality of life |
| intangible products that cannot be held in your hand | services |
| The amount of goods and services people can buy with the money they have | standard of living |
| minimizing taxes and government interference in business is which part of the buisness environment | economic and legal environment |
| Hiring an outside company to complete work for your business | outsourcing |
| customers, media, suppliers, government leaders and employees are all examples of | business stakeholders |
| All the people who stand to gain or lose by the policies and activities of a business and whose concerns the business needs to address | business stakeholders |
| examples of ways employees are seeking more value from their jobs | deeper connections, redical flexibility, personal growth |
| offering high quality goods and service is a part of which factor in the business environment | competitive environment |
| being able to do business with other countries because they accept our US currency is which factor in the business environment | economic and legal environment |
| Producing the desired result | effectiveness |
| Producing goods and services using the least amount of resources | efficiency |
| using the internet and online databases to expand store offerings is which part of the business environment | technological environment |
| workforce/employee diversity is which part of the business environment | social environment |
| global trade can mean reaching more customers, but it also means global competition. Represents which of the 5 factors in the business environment | global environment |
| Giving lower level employees the responsibility, authority, freedom and training they need to respond quickly to customer requests and handle issues that arrise | empowerment |
| The study of human population with regard to its size, density, and other characteristics such as age, race, gender and income | demographyy |
| obtaining another individual's personal information such as a social security number or credit cards number for illegal use | identity theft |
| Businesses selling to other businesses is referred to as this type of market | B to B |
| The amount of money a business earns after it has paid its employees and expenses | profit/loss |
| natural resources used to make products | land |
| the workers that produce goods and services | labor |
| the machines, tools, buildings used in the production of goods | capital |
| the person who risks time and money to start and manage a business | entrepreneur |
| information technology | knowledge |
