Business
any profit seeking organization that provides goods and services designed to satisfy customers needs
Revenue
Money a company brings in through the sale of goods and services
Business Model
a concise description of how a business intends to generate revenue
Profit
Money left over after all the costs involved in doing business have been deducted from revenue
Barrier to entry
Any resource or capability a company must have before it can start competing in a given market
Social Environment
trends and forces in society at large
Stakeholders
Internal and external groups affected by a companies decisions and activities
Technological Environment
forces resulting from the practical application of science to innovations, products and processes
economic environment
the conditions and forces that affect the cost and availability of goods, services and labor and thereby shape the behavior of buyers and sellers
legal environment
laws and regulations and local, state, national, and even international levels
market environment
a companies target customers, the buying influences that shape the behavior of those customers, and competitors that market similar products to those customers
research and development
functional area responsible for conceiving and designing new products
information technology
systems that promote communication and information usage through the company or that allow companies to offer new services to their customers
operations management
management of the people and processes involved in creating goods and services
professionalism
the quality of performing at a high level and conducting oneself with purpose and pride
etiquette
the expected norms of behavior in any particular situation
