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Business Tech Chap 1-5

Horizontales
Competition structure where businesses sell products that are only slightly different than others Medicine (Advil vs CVS Brand)
Corporation Officer who oversees the company's overall business and operational performance to develop company strategies and missions.
type of manager who involves their employees in the decision making process
Group of individuals that sets long -range objectives of the corporation and ensures they are met on schedule.
Secretly and illegal agreement between rivals to raise prices at the same price to increase sales and profits, without losing customers.
collaboration between two businesses with the goal of reaching potential customers, increasing sales, growing brand awareness or strengthening customer loyalty.
Public advertisement and support from a person or organization that promotes awareness of a brand or their product features, quality, benefits.
Individuals are valued and welcomed by the organization; sense of belonging.
Resources and assets that are used to manufacture goods (tools, machines, equipment, buildings, etc
Refers to providing equal opportunities, and fair treatment for all employees.
When there are very few businesses selling a product, control the entire market (Airlines, Phone Services, Etc.)
Verticales
level of management that includes Supervisors and Office Managers
Type of merge when companies that make and sell similar products to the same market merge to reduces the number of competition within the specific industry
Most common form of business organization in the United States that funds ¾ of the economy and employs < 50 people.
manager who makes all the decisions and then tells employees what must be done and how to do it
level of management that Includes Division managers and Department managers
Business structure whose assets and liabilities are separate from its owners
Conducting activities in a way that allows for the long term well being of the natural environment are known as what type of responsibility
Short, memorable and permanent phrase that depicts and communicates the brand message.
Rapid expansion where the economy is growing and people are spending more money (which stimulates the production of goods and services, and increases employment)