the technology environment would include studies of

information technology

age, race, gender, religion, etc. are items included in the study of

demographics

the business should try to _____________ to factors in the environment

adapt to

business

any activity that seeks to provide goods and services to others while operating a profit

goods

tangible products
(computers, food,clothing,cars, and appliances)

services

intangible products
(computers,insurance,recreation,travel,tourism)

entrepreneur

person who risks time and money to start and manage a business

revenue

total amount of money a business takes in during a given period by selling goods and services

profit

amount of money a business earns above and beyond what it spends for salaries and other expenses needed to run the operation

loss

occurs when a bysiness expenses are more than its revenues

risk

the chance an entrepreneur takes of losing time and money on a business that may not prove profitable

standard of living

amount of goods and services people can buy with money they have

quality of life

general well being of a society in terms of its political freedom, natural encironment, education, health care, safety, amount of leisure, and rewards that add to the satisfaction and joy that other goods and services provide

stakeholders

all people who stand to gain or lose by the policies and activities of a business and whose concerns the business needs to address

outsourcing

contracting with other companies to do some or all of the functions of a firm like its production or accounting tasks

nonprofit organization

organization whos goals do not include making a personal profit for its owners or organizers

factors of production

resources used to create wealth, land, labor, capital, entrepreneurship, and knowledge

technology

everything from phones and copiers to computers, mobile devices, medical imaging machines, and the various software programs and apps that make business processes more effective efficient and productive

productivity

amount of output you generate given the amount of input (the number of hours you work)

E-commerce

buying and selling of goods online
( business to consumer and business to business)

demography

statistical study of the human population
(size, density,age,race,gender,income)