10. White-collar crime results in a greater monetary loss to society than violent street crime. Consider these 21 accounting terms that every small business owner should know. Activity Diagram. | Meaning, pronunciation, translations and examples Gross profit, margin, markup, net profit, overheads, revenue, turnover. Read on for business writing do’s and don’ts, common business English vocabulary, and some examples of the best words to use to spice up your business writing. Learn vocabulary, terms, and more with flashcards, games, and other study tools. 1. China, the worlds most densely populated country, has emerged as an important market and now boasts the world's third-largest economy, behind only the EU and USA. Business definition: Business is work relating to the production, buying , and selling of goods or services. Business is doing commerciallyviable and profitable work. Learn vocabulary, terms, and more with flashcards, games, and other study tools. "I'm in the computer business.") elimination of rules that restrict business activity. These terms may come up in meetings with potential investors, partners, and clients, so it’s important to be aware of them and to understand how they might affect your business. All the activities involved in obtaining, preparing, and compensating the employees of a business, Enables a person to affect the actions of others, Ensure that appropriate standards of conduct are maintained by everyone who is part of the business and with anyone affected by the business. Abandonment: Abandonment is defined as the voluntary surrender of property which may either be owned or leased, without naming a successor as owner or tenant. power to make the decisions necessary to complete a task, obligation employees have to their manager for the successful completion of an assigned task, authority granted to committees or teams involved in a firm's daily operations, activities producing intangible and tangible products, such as entertainment, transportation, and education, activities producing tangible products, such as radios, newspapers, buses and textbooks, activities involved in making products-- goods and services-- for customers, the combination of "characteristics of a product or service that bear on its ability to satisfy stated in implied needs, the action of ensuring that operations produce products that meet specific quality standards, the sum of all activities involved in getting high-quality goods and services in the marketplace, principle of looking at the supply chain as a whole to improve the overall flow through the system, the processes and behaviors used by someone, such as a manager, to motivate, inspire, and influence the behaviors of others, choosing one alternative from among several options, set of organizational activities directed at attracting, developing, and maintaining an effective workforce, compensation other than wages and salaries, unwelcome sexual advances in the workplace, form of sexual harassment in which the sexual favors are requested in return for job-related benefits, form of sexual harassment deriving from off-color jokes, lewd comments, and so forth, employee hired on something other than a full-time basis to supplement an organization's permanent workforce, group of individuals working together to achieve shared job-related goals such as higher pay, shorter working hours, more job security, greater benefits, or better working conditions, process of dealing with employees who are represented by a union, the activity, set of institutions, and processes for creating, communicating, delivering, and enhancing, offerings that have value for customers, clients, partners, and society at large, physical products purchased by consumers for personal use, physical products purchased by companies to produce other products, products having nonphysical features, such as information, expertise, or an activity that can be purchased, product that is dissimilar from those of competitors but that can fulfill the same need, detailed strategy for focusing marketing efforts on consumers' needs and wants, the combination of product, pricing, promotion, and distribution strategies used to market products, good, service, or idea that is marketed to fill consumers' needs and wants, part of the marketing mix concerned with getting products from producers to consumers, aspect of the marketing mix concerned with the most effective techniques for communicating information about products, group of people that have similar wants and needs and can be expected to show interest in the same products, process of dividing a market into categories of customer types or "segments", inexpensive good or service purchased and consumed rapidly and regularaly, process of determining what a company will receive in exchange for its products, a company's percentage of the total industry sales for a specific product type, intermediary who sells products to other businesses for resale to final customers, intermediary who sells products directly to customers, form of nonstore retailing in which the telephone is used to sell directly to consumers, activities needed to move a product efficiently from manufacturer to consumer, aspect of the marketing mix concerned with the most effective techniques for communicating information about and selling a product, promotional tool consisting of paid, non-personal communication used by an identified sponsor to inform an audience about a product, sales-promotion technique in which product displays are located in certain areas to stimulate purchase or to provide information on a product. 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