Product Chain
What are Producers main job?
Develop products for distribution from raw goods.
How is management planning helping a business grow?
Determining strategies to grow the company. It helps them grow when they utilize the companies’ resources to help them further grow
What is one example of a service firm?
Any business that provides a service like a salons, barber, etc
Who manages Ms. B in wshs? Bonus 500 points if you know the Seattle Public Schools president.
Principal Vance main answer. Dr. Brent Jones president of sps.
What role do processors play in the business cycle?
Make raw goods into more finished goods.
What are the two types of training?
What role does accounting have?
A system used to record, classify, summarize, and report the financial position of a business.
What are two assets in any business?
Answer something like land, building, equipment, a bunch more.
What role do manufacturers play in the business cycle?
Turn processed goods into finished goods.
What is the main goal of training and developing employees?
Maintain well trained qualified employees.
What are 2 factors of product production?
Possible answers, Land, Labor, capital, entrepreneurship.
What is the difference between Layoffs and terminations?
open ended but something like - layoffs are due to a fall out of something like a the company or economy. and terminations are due to you the employee getting fired due to something you did like fighting at work or low productivity.
What are 2 parts of the product chain?
Any 2 of these - Producers, Processors, Manufacturers, Intermediaries, service firms, or non-profit organization.
What is the first step to the employment process?
To assess employment needs and figure out what job positions need to be filled and their relative descriptions
What is the money left after a business pays its expenses?
profit/total income
Why is cash flow management important?
open ended but something like - to keep track of profit and losses in the business.
Why is the product chain important?
Open-ended answer based around this: A product chain, also known as a supply chain, is important because it ensures the smooth flow of goods from raw materials to the final consumer.
What could be an intrinsic reward for an employee of a big business?
open ended: Taking pride in one's work at a job and feeling challenged.
Why is Finance and accounting important?
Open-ended answer-based around this: A business cannot exist without cash flow and a way to record it.
What is one main duty of management?
Keeping tabs on each employee's needs and wants. (since its open ended something like this)