Business Management and Administration Career Cluster
profit
A financial gain, esp. the difference between the amount earned and the amount spent in buying, operating, or producing something
business plan
A written description of the business idea and how it will be carried out, including all major business activities.
opportunity
a chance to do something
market
a group of buyers and sellers of a particular good or service
board of directors
a group of persons elected by the stockholders to manage a corporation
Entrepreneur
a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.
Resources
all things used in producing goods and services
Business
any activity that seeks to provide goods and services to others while operating at a profit
promotion
any form of communication used to inform, persuade, or remind
market research
the action or activity of gathering information about consumers' needs and preferences.
Expenses
the costs of operating a business
administration
the management of any office, business, or organization
finance
the management of large amounts of money, especially by governments or large companies.
CEO (Chief Executive Officer)
the person who is in charge of a company
Marketing
the process by which companies create value for customers and build strong customer relationships in order to capture value from customers in return
Management
the process used to accomplish organizational goals through planning, organizing, leading, and controlling people and other organizational resources
service
work that is performed for someone
tenacity
Hanging on to something persistently or stubbornly
goods
Items purchased to satisfy needs and wants
need
Basic requirement for survival