Define the following Business Terms in a PowerPoint presentation. Use your creativity to illustrate each term.
Powerpoint and Innovation in Technology
Define the following Business Terms in a PowerPoint presentation. Use your creativity to illustrate each term.
There are multiple elements to this SLP. Please make sure that you follow the requirements very carefully and double-check your work against the requirements before uploading.
SLP Assignment Expectations
This SLP requires that you define 23 Business Terms in a slideshow where each slide contains both verbal and visual elements.
The best way to approach this assignment is to follow the order of the terms as they are presented. Begin with ‘Accounts Payable’ and end with ‘Variable Cost’. DO NOT skip around and present the terms out-of-order. This can lead to confusion and run the risk of missing terms. It also makes it difficult for the reader to follow.
What the slides must contain is noted below. Make sure that you double-check your work against the Expectations before you upload.
Your PowerPoint presentation should be a minimum of 10 slides. Include a Title and References Cited slide. Creative images can be found using Internet websites, scholarly articles, textbooks, etc. Your References slide should list the bibliographical information for each image you use to illustrate the required terms. Each slide must contain:
At least one image per term
Abbreviated text defining the term
References cited next to each image (full reference will be included on the References Cited slide, so refer to the Writing Style Guide on how to use in text citations next to each image)
Full definition in each Notes section. You may use the definitions given in the same order.
Definitions
Accounts Payable (AP) – Refers to the bills (most common liabilities) that are owed and need to be paid by a business.
Accounts Receivable –Refers to the debts that are owed to a business which are typically the result of sales on credited.
Assets –Refers to possessions of value owned by a business (such as inventory, cash, machinery, equipment, and property).
Brand – An important marketing term referring to the name of a product or organization and any symbol or design associated with such. Used to uniquely identify and differentiate an organization’s goods and services from that of competitors.
Break-even Analysis – A procedure used in business to identify how many of a given product must be produced and sold in order for the product to pay for itself.
Business Plan – A document that clarifies the details of a business venture and typically includes the vision of the business, its status, identifies markets, and provides projections for the results of the organization.
Corporation – A legal classification for most businesses which separates the liabilities of the business from those who actually own the business (stockholders).
Capital Assets – Assets of an organization that are also known as fixed assets. They are typically long-term assets such as facilities and equipment owned by an organization.
Cost of Goods Sold – Refers to the costs of materials and production of the goods sold by a business. The costs may include overhead, material costs, and labor costs.
Diversification – A marketing technique or strategy that involves the creation of new product offerings to new target markets. This may require the purchase of existing companies or building of new facilities to enter the new market (for instance, an auto-maker may choose to start selling fork lifts and golf carts).
Entrepreneur – An individual who pursues opportunities and secures resources resulting in the creation of a new business.
Fixed Cost – Refers to costs that do not vary with the output of products and includes costs such as rent, overhead, and payments on loans. These costs essentially include payments that must be made regardless of how well the business is doing.
Liabilities – Money that must be paid to lenders and other organizations. Typically debt on terms of 5 years or less is considered a short-term liability and if longer than 5 years it is considered a long-term liability.
Marketing – An important activity of businesses involved with planning and directing resources to influence the perceptions of consumers to enhance the likelihood that they will purchase the goods and services produced by the business.
Net Profit – Also known as net income or earnings, the operating income of a business after subtracting taxes and interest.
Opportunity Cost – Refers to the idea that if resources are dedicated to one activity, those resources cannot be used for another activity. For instance, if money is dedicated to purchase new computers the same funds cannot also be used to retool a manufacturing operation.
Return On Investment (ROI) – The net profits for a project or investment divided by the total invested in the project or investment. Thus, an ROI of 1.0 would mean the investment paid nothing. Anything over 1.0 would mean there was a return. The larger the value, the greater the return.
Shareholders – Individuals or companies owning shares of stock in a company. They are typically considered the owners of a corporation.
Stakeholders – Individuals who hold some kind of a stake in an organization’s activities. These typically include shareholders, the community in which the organization resides, customers, employees, suppliers, and other groups that can be impacted either positively or negatively.
Strategic Management – A multi-year planning process used by businesses that includes the assessment of the competitive environment in which a given organization operates, and the formulation of strategiesfor implementation. Strategies are implemented in order to achieve the organization’s mission and to ensure the company’s ability to compete more effectively.
Sunk Cost – The idea that expenditures on a given activity should not be considered for the purposes of making future decisions regarding the continuation of that activity. For instance, if a company spends a million dollars on research and development to improve a product and that product is suddenly made obsolete by a competitor’s new innovation, it may not make sense to move forward with the improvement.
SWOT analysis – A commonly used framework for identifying where an organization stands in the competitive marketplace and entails assessing the organizations internal strengths and weaknesses, as well as external opportunities, and threats.
Variable Cost – Costs that fluctuate based on the number of units produced. For instance, if an automaker produces more vehicles they need to purchase more parts, more paint, hire more labor, use more energy, and so on. Thus variable costs will increase.
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Accounts payable (AP) is money owed by a business to its suppliers shown as a liability on a company’s balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents…………………………………………
APA
884 words
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