Title: Course Glossary
Course: BUS 270 Introduction to Sustainability in Business > Section: BUS 270 Introduction to Sustainability in Business

Course Glossary

Terms

Term | Definitions | Glossary
Advice | Advice (opinion), an opinion or recommendation offered as a guide to action, conduct.  Legal advice, the giving of a formal and binding opinion regarding the substance or procedure of the law ... | Unit 9 Glossary
Agencies | A department responsible for the oversight and administration of specific functions. | Unit 13 Glossary
Business Environment | Encompasses all those factors that affect a company's operations; including customers, competitors, suppliers, distributors, industry trends, substitutes, regulations, government activities, the e ... | Unit 3 Glossary
Business plan | A business plan precisely defines your business, identifies your goals and serves as your firm's resume. Its basic components include a current and pro forma balance sheet, an income statement and ... | Unit 7 Glossary
Business stakeholders | People or entities that are directly or indirectly affected (gain or loss) by the activities and policies of a business. | Unit 2 Glossary
Carbon Footprint | A carbon footprint is the total mount of greenhouse gas (GHG) emissions caused by an organization, event, product or person. The Average Carbon Footprint in the United States vs. World The ave ... | Unit 1 Glossary
Corporation | A corporation is a separate legal entity that has been incorporated through a legislative or registration process established through legislation. Incorporated entities have legal rights and ... | Unit 5 Glossary
Costs | What is spent or paid to purchase something. | Unit 2 Glossary
Determination | Firm or fixed intention to achieve a desired end. | Unit 2 Glossary
Entrepreneur | A person who identifies a market opportunity, and then assumes the financial risk to start and operate a business. | Unit 4 Glossary
Environment | Surroundings in which an organization operates, including air, water, land, natural resources, flora, fauna, humans, and their interrelation. http://www.epa.gov/region4/ems/glossary.htm | Unit 1 Glossary
Finance | Finance is the study of how people allocate their assets over time under conditions of certainty and uncertainty. http://en.wikipedia.org/wiki/Finance | Unit 9 Glossary
Global Warming | The rise in the average temperature of Earth’s atmosphere and oceans since the late 19^th century and its projected continuation. Since the early 20^th century, Earth’s mean surface temperature ... | Unit 1 Glossary
Green business (Sustainable business) | Sustainable business, or green business, is an enterprise to be that has minimal negative impact on the global or local environment, community, society, or economy—a business that strives to ... | Unit 9 Glossary
Green businesses | A business that can produce goods or services that benefit the environment, or can provide goods and services that help other existing businesses go green. | Unit 4 Glossary
Green economy | Karl Burkart defines a green economy as based on six main sectors: Renewable energy (solar, wind, geothermal, marine including wave, biogas, and fuel cell) Green buildings (green retrofits for ... | Unit 10 Glossary
Green jobs | Jobs in businesses that produce goods or provide services that benefit the environment or conserve natural resources. Jobs in which workers' duties involve making their establishment's production ... | Unit 4 Glossary
Greenhouses Gases (GHGs) | Gases that absorb infrared radiation, which include carbon dioxide, methane, nitrous oxide, CFCs, and tropospheric ozone. Green house gases are the cause of global warming. Human use of too many p ... | Unit 1 Glossary
Initiatives | Financial support given to increase to success of green business with the intent to protect the environment. | Unit 10 Glossary
Innovative market opportunity | Providing a specific product or service that is needed, and not currently being provided, or a new sustainable way  to provide an already existing product or service, or provide a unique competit ... | Unit 4 Glossary
Management | 1. The guidance and control of action required to execute a program. Also, the individuals charged with the responsibility of conducting a program. 2. The role of conducting and supervising a busi ... | Unit 6 Glossary
Market sector | Used in economics and finance to describe a set of businesses that are buying and selling such similar goods and services that they are in direct competition with each other. http://en.wikipedia.or ... | Unit 10 Glossary
Marketing plan | A comprehensive blueprint which outlines an organization's overall marketing efforts. | Unit 13 Glossary
Profit | The amount of money a business retains after paying the costs associated with the sales of their goods and services. | Unit 2 Glossary
Profitability | The financial gain from a sale or business transaction. | Unit 2 Glossary
Revenue | Total amount of money received, or sales a business generates by providing their goods and services. | Unit 2 Glossary
Statistics | The study of the collection, organization, analysis, interpretation, and presentation of data.[1][2] It deals with all aspects of this, including the planning of data collection in terms of the de ... | Unit 9 Glossary
Sustainability | Sustainability is based on a simple principle: Everything that we need for our survival and well-being depends, either directly or indirectly, on our natural environment.  Sustainability creates ... | Unit 1 Glossary
Sustainable business | Any organization that participates in environmentally friendly or green activities to ensure that all processes, products, and manufacturing activities adequately address current environmental con ... | Unit 9 Glossary
Sustainable development | Refers to a mode of human development in which resources use aims to meet human needs while ensuring the sustainability of natural systems and the environment, so that these needs can be met not o ... | Unit 9 Glossary
Trend | Current or change in the demand or need of a product or service. | Unit 10 Glossary
Triple bottom line (Three P’s) | The triple bottom line is made up of "social, economic and environmental" factors. "People, planet and profit" succinctly describes the triple bottom lines and the goal of sustainabil ... | Unit 2 Glossary
“Green” (Environmentally Friendly) | Term used to refer to goods and services, laws, guidelines and policies claimed to inflict reduced, minimal, or no harm at all, upon ecosystems or the environment. http://en.wikipedia.org/ ... | Unit 1 Glossary