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business
Any activity that seeks to provide goods and services to others while operating at a profit
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business environment
the surrounding factors that either help or hinder the development of business
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climate change
the movement of the temperature of the planet either up or down over time
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database
an electronic storage file for information
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demography
the statistical study of the humna population with regards to its size, density, and other characteristics such as age, race, gender, and income
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e-commerce
the buying and seling of goods over the internet
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empowerment
giving frontline worksers the responsibility, authority, freesom, training, and equipment they need to respond quickly to customer requests
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entrepreneur
a person who risks time and money to start and manage a business
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factors of production
the resources used to create wealth: land, labor, capital, entrepreneurship, and knowledge
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goods
tangible products such as computers, food, clothing, cars, and appliances
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greening
the trend toward saving energy and producing products that cause less harm to th environment
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identity theft
the obtaining of individuals' personal information, such as social security and credit card numbers, for illegal purposes
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loss
when a business' expenses are more than its revenues
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nonprofit organization
organization whose goal do not nclude making a personal profit for its owners or organizers
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outsourcing
contracing with other companies (often in other countries) to do some or all of the functions of a firm, like its production or accounting tasks
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productivity
the amount of outpuut produced given the amount of input
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profit
the amount of money a business earns above and beyond what it spends ofr salaries and other expenses
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quality of life
the 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
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revenue
total amount of money a business takes in during a given period by selling goods and services
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risk
the chance an entrepreneur takes of losing time and money on a business that may not prove profitable
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services
intangible products (i.e., products that cant be held in your hand) such as education, health care, insurance, recreation
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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
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standard of living
the amount of goods and services people can buy with the money they have
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technology
all the equipment and software that make business processes more effective, efficient, and productive
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