Human Resource Management
It is the process of attracting, training, developing, and maintaining an excellent work force.
Human Resource Management
It includes sales people, advertising and marketing research.
Management of marketing Resources
A series of consecutive steps that describes the full range of activities that are needed to create a product or service.
Value Chain
What functional area of management deals with the management and custody of the organization’s funds?
FINANCIAL MANAGEMENT
It is the process of obtaining information about jobs needed to achieve the organization’s goals/objectives.
Job Analysis
It refers to monitoring a marketing plan's progress.
Controlling
Managing the production process from raw materials to the finished product. It controls everything from production, shipping, distribution, to delivery of products.
Supply Chain Management
It is the process of forming financial objectives and deciding the steps that should be undertaken to accomplish them.
FINANCIAL PLANNING
This is done in organizations so that they could contribute to the achievement of their organizational goals/objectives.
Orienting and training new employees
State the 5 disadvantages that a manager should consider in Marketing in the World Wide Web.
Security problems
Legal Issues
Maintenance Cost
Technology problems
Cultural Issues
It discards or combines work steps that are not needed.
Reengineering
Give 4 examples of standard financial management and control that are practiced by organizations.
project management
working capital management
cash management
accounts receivable management
inventory management
Fund sources management
________ or pay represents a reward received by employees in exchange for their contributions to the achievement of organizational goals.
Compensation
Who states that marketing management is essentially demand management?
Philip Kotler
Measures the efficiency by which inputs are turned into outputs.
Productivity
What are the three major financial statements that report a company's financial performance.
Income statement, balance sheet, and statement of cash flows
_____ is one of the sources of external recruitment from which freshers and a talented pool with an attitude of learning new skills and knowledge relating to emerging technologies are available.
Campus or college recruitment
It is used less frequently than sales calls in the business market. It is still important in Marketing.
Management of advertising
One of the methods that may help managers improve business processes and production.
Plan-Do-Check-Act cycle
It equals the difference between the budgeted amount of expense or revenue and the actual cost.
BUDGET VARIANCE