humanities

what the definition of business?

• the activity of making, buying, and selling goods or services

• a organization that buys and sells goods or services in order to make $$$

• anywhere that has stuff

• somewhere where we live

what is competitive advantage?

• using resources to innovate existing products so the business is better

• factors allowing a company to produce goods or services better than rivals

• using all the businesses money to be better than other businesses

what is innovation?

• buying a new iPhone

• writing down ideas that could make the business money

• anything that makes the business more money

• implementing ideas into the production of better goods or services

an entrepreneur is someone who creates a business...

• true

• false

competition with other businesses upsets the customer...

• true

• false

what is the definition of corporate social responsibility?

• a business considers the environment, customers and others in decisions

• when a business integrates social and environmental concerns in their business operations

• wearing a suit and acting corporate

• being responsible for owning a business socially

what are some socially responsible practices?

• not taking advantage of suppliers

• consulting employees with decisions and asking for feedback

• being mindful of environmental impact

• talking to people in the business nicely

what is a financial goal?

• goals to save money

• tangible economic goals that a business can aim for

• goals for businesses to ensure they use money wisely

• goals to have money

what is a non-financial goal?

• a focus on the non-financial aspect of business operations

• a goal to help the business think about how to make money

• goals that aim for anything other than making money for the business

• a goal that works toward making the world a better place

is technology in the business environment a negative thing?

• yes

• no

• maybe

• it can be if not implemented into a business effectively