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Chapter 1

Chapter One Definitions

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Pre-Business BUS107

Chapter One Definitions:  Baby-Boom Echo – A demographic group of Canadian that were born in the period from 1980 to 1995: the children of the baby boomers.  Baby Boomers – A demographic group of Canadian that were born in the period from 1947 to 1966.  Business Environment – The surrounding factors that either help or hinder the development of businesses.  Database – An electronic storage file where information is kept; one use of databases is to store vast amounts of information about customers.  Demography – The statistical study of the human population with regard to its size, density, and other characteristics such as age, race, gender, and income.  E-Commerce – The buying and selling of goods and services over the Internet.  Entrepreneur – At person who risks time and money to start and manage a business.  Factor of Production – The resources used to created wealth: land, labour, capital, entrepreneurship, and knowledge.  Goods – Tangible products such as computers, food, clothing, cars and appliances.  Identity Theft – Obtaining personal information a
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