Vocabulary_for_Business (1)

Vocabulary_for_Business (1) - Business Communication...

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Business Communication Vocabulary As in any field or discipline, business has its own lexicon.  Below is a minimal list of terms you should  understand the meaning of.  (And, yes, there will be a quiz…unannounced.) 4Cs of Business Communication:  Effective business communication is CLEAR , CONCISE , CONCRETE , COMPLETE and (often) CREATIVE in both its form and content. (Cf. “Differences between Academic and Business Writing”) Business : organized approach to providing [or an organization that provides] customers with the goods and services they want. Most businesses seek to make a profit: to achieve revenues that exceed the costs of operating the business; but even nonprofit organizations can’t spend more than they make. Types of businesses:   The three most common are (1) manufacturing firms, (2) merchandisers, and (3) service enterprises. Merchandisers are businesses that help move goods through a channel of distribution : the route goods take in reaching the consumer. Merchandisers may be involved in wholesaling or retailing , or sometimes both. Service enterprises, simply put, provide services. Be prepared to identify what type of business is. Business ownership: (1) sole proprietorships, (2) partnerships, (3) corporations, (4) joint ventures, and (5) syndicates. Partnership an association of two or more people who operate a business as co-owners. A general partner is active in the operation of a business and is liable for all of its debts. In small businesses with only two or three owners, all typically will be general partners. A limited partner, by contrast, invests in a business but is not involved in its daily operations. Corporation: a legal entity that exists as distinct from the individuals who control and invest in it. A corporation creates shares of stock that are sold to investors; stockholders have limited liability, as opposed to the unlimited liability of general partners, so they cannot lose more than their initial investment. Investors may also easily buy and
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This note was uploaded on 02/13/2012 for the course BUSN 183 taught by Professor Staff during the Fall '09 term at Santa Clara.

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Vocabulary_for_Business (1) - Business Communication...

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