EC-071
Planning, maintaining, monitoring, controlling, and reporting the use of financial resources. Is and example of?
Financial analysis
Involves deciding what work will be done and how it will be accomplished.
Planning
Involves more than just interviewing and hiring.
Staffing
Refers to all the activities a business engages in to interact with its customers
Customer relations
What's the relationship between Mcdonalds, Burger King. and Wendys?
Competition
Planning for organizational change?
Human resources management
Involves setting up the way the business’s work will be done.
Organizing
Is the part of staffing that involves seeking out and attracting qualified potential employees.
Recruiting
Modern customers are knowledgeable, and they spend their money wisely.
Competition is fierce.
Walmart and target are an example of
Direct Competition
Accessing, processing, maintaining, evaluating, and disseminating business knowledge, facts, or data.
Information management
is an important management function because staffing helps the business find employees who know how to do the necessary work.
Staffing
Is pay for work completed.
Compensation
A corporate culture that values customer relations tends to create a positive working environment for its employees as well.
Employees are key.
“We’ll meet or beat any competitor’s price.” Is an example of?
Price matching
Process of creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large.
Marketing
Involves providing guidance to workers and work projects. Managers set the direction for the business and influence employees to follow in that direction.
Directing
Comprise a significant portion of the total package a company offers its employees.
Benefits
Positive customer relations encourages repeat business and customer loyalty.
Loyalty is valuable
Some manufacturers also offer to return part of the purchase price a customer pays for a good or service. What is the name for that?
Rebates
Day-to-day activities required for continued business functioning.
Operations
Involves monitoring the work effort.
Controlling
Job candidates have certain rights during the application and interview process that businesses must respect.
Interviewing issues
When customers are happy with a business, they are likely to tell their friends, family, coworkers, and acquaintances about it.
Word-of-mouth promotion
Black Friday is an example of?
Special sales