9 Terms
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Business management
General business management terms encompassing inventory management, security management, financial administration, business planning, and management services for all enterprise-wide information systems.
Industry: Business administration
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Business management
PEST analysis
Business administration; Business management
A review of a company’s business environment in terms of four major factors: (1) Political, (2) Economic, (3) Social and (4) Technological.
Ivan Pavlov
Business administration; Business management
A Russian physiologist (1849–1936) who won the Nobel Prize in 1904 for his work on the digestive system of dogs. In the course of his research he chanced upon a phenomenon he could not explain and ...
representative sample
Business administration; Business management
A sample that is intended to be completely representative of the population from which it is drawn.
interpretivists
Business administration; Business management
A school of consumer research that regards the act of buying as being only a small part (however important) of a consumer’s activities. It holds that buying behavior has to be interpreted in the ...
behaviorism
Business administration; Business management
A school of psychology founded by an American psychologist, J.B. Watson, in 1913. Watson believed that the work of Pavlov on conditioning represented the future of psychology, which should deal ...
humanistic psychology
Business administration; Business management
A school of psychology which emphasizes the positive qualities that differentiate human beings most from other animals, particularly creativity, play and psychological growth in general. Likert, ...
Adam Smith
Business administration; Business management
A Scottish economist and philosopher (1723–90) who based his doctrines of the free market on a rational-economic view of human nature. He argued that, as individual selfinterest was the driving force ...