using data and analysis instead of intuition to inform business decisions.

0.0(0)
studied byStudied by 0 people
0.0(0)
full-widthCall Kai
learnLearn
examPractice Test
spaced repetitionSpaced Repetition
heart puzzleMatch
flashcardsFlashcards
GameKnowt Play
Card Sorting

1/4

flashcard set

Earn XP

Description and Tags

data driven discission making

Study Analytics
Name
Mastery
Learn
Test
Matching
Spaced

No study sessions yet.

5 Terms

1
New cards

A sole proprietorship is easy to form and gives you complete control of your business.

Partnerships are two or more people to own a business together

LLC lets you take advantage of the benefits of both the corporation and partnership business structure

A corporation, is a legal entity that's separate from its owners. Corporations can make a profit, be taxed, and can be held legally liable.

Sole Proprietorship

 Partnership

 Corporation

 Co-operative

2
New cards

The aspects of implementing a business plan are the essential steps and actions needed to carry out the plan and achieve the business’s goals.

 Different aspects of implementing a Business Plan

3
New cards

the effect of an action is fed back to modify and improve future action

importance of Feedback

4
New cards
  1. Focus groups and interviews.

  2. Surveys.

  3. Feedback forms and widgets.

  4. Customer service interactions.

  5. Social media and online reviews.

  6. Sales calls.

Methods of collecting feedback

5
New cards

To analyze feedback, review it for patterns, identify key issues or strengths, and decide what actions to take.

How to analyze feedback