functions
human resources, strategy, information management. operation. marketing finance/accounting
what is six business fuction
is a business function that involves people, processes, and systems that collect, organize, store, and secure relevant data and information, and makes it accessible and useful for making informed decisions.
what is information management
the legal responsibility of an individual (or entity) for business actions, debts, and obligations.
What is Liability
A general change or movement; a prevailing tendency; a current style or preference
What is a trend
Think Coke versus Pepsi, Ford versus General Motors, and Pizza Hut versus Domino's.
What is Direct competition
business function responsible for recruiting, hiring, onboarding, training, evaluating, and terminating employees
what is human resources
identifying, understanding, and predicting circumstances or events that might have negative consequences, and taking proactive measures to avoid these risks and effectively combat them if/when they occur.
What is Risk management
a legal entity that is separate from its owners and controlled by a board of directors; the entity has most of the same rights and responsibilities that individuals possess, but offers limited liability.
What is a Corporation
the ability of a computer program or machine to think and learn, and to emulate or match what human beings do, like reasoning and making decisions.
what is Ai
occurs when products or services are not the same, but they could satisfy the same need.
What is Indirect competition
ROI measures the gain or loss generated on an investment, compared to the amount invested ROI is usually expressed as a percentage.
what is Return on Investment
a practice or process not generally known outside of the company that owns it, and that has economic value.
What is trade secret
can sell unlimited shares to the general public, is heavily regulated by the government, and reports its financial information to the public.
What is C corp
a way of achieving AI; a way for machines to receive information, and make decisions based on it.
What is Machine Learning
information that has already been collected from other sources. This is information someone else has prepared or gathered, but that you can make use of, like industry publications, press releases, news stories, and public companies’ annual reports and so on.
What is Secondary data
refers to customized, knowledge-based services provided for a fee, like a tax accountant or lawyer.
what is professional in business
also called “IP”, is anything that is created from the mind or intellect, like inventions, ideas, or methods.
What is Intellectual Propert
a hybrid business structure, where it combines the operational characteristics of a sole proprietorship or partnership while limiting the liability of the investors to the amount they invested.
What is Limited Liability Company (“LLC”)
A network of devices connected to the Internet that identify themselves, and communicate between other internet-enabled devices and system
What is Internet of Things
similar to pure competition in that there are many suppliers and barriers to entry are low, but suppliers try to differentiate their products and gain some price advantage
What is Monopolistic Competition
Cultivate, Contemplate, Compile, Control, Connect, and Calculate are also known as?
6 business fuctions(6Cs)
An independent and unbiased inspection and review are needed to evaluate the safety, integrity, and accuracy of information, systems, processes, procedures, and protocols.
What is an Audit
a corporation with the purpose of explicitly including public benefit in their decisions, versus only considering maximizing shareholder value
What is b corp
This connectivity – when many objects act in unison
What is ambient intelligence.
a small number of companies control the supply of a good or service, and where the barriers to entry for other companies are highly restrictive.
What is ligopolies