Business Functions
Human Resources, Marketing, Strategy, Finance/Accounting, Operations, Information Management
What is the six business functions
is a legally binding document that outlines the rights, responsibilities, and obligations of the individuals involved in a partnership.
What is a partnership agreement
A general change in the way business is developing.
What is a Business Trend
means a for-profit or non-profit organization involved in commercial, industrial, or professional commerce.
What is business
buys products from manufacturers and resells them either to wholesalers, retailers, or the public.
What is a distributor
A route or plan of action designed to achieve certain goals and objectives.
What is Strategy
is a hybrid business structure where all the partners have decision-making and management power, and have limited liability, and can’t be held responsible for any of their other partner’s actions.
What is a Limited Liability Partnership (“LLP”)
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 Artificial Intelligence
is about inspiring, motivating, influencing and maximizing the efforts of people towards a common purpose.
What is leadership
buys products from a distributor or wholesaler and sells directly to the consuming public.
What is a retailer
This business function deals with Recruiting, Staffing, Legal Issues, Job Descriptions, Orientation, OnBoarding, Training, performance management, and Company Culture.
What is Human Resources(HR)
is similar to a C Corp in that owners’ losses are limited to their investment. However, it is different from a C Corp in that it is limited by the number (maximum of 100 stockholders) and types (stockholders must be U.S. residents, and can’t be other companies) of owners it can have.
What is S Corp
A network of devices connected to the internet that identify themselves, and communicate between other internet-enabled devices and systems.
What is Internet of Things (IoT)
is an organizational structure that shows who each person reports to.
What is Chain of Command
model means selling your product directly to your customers, the end user, without third-party retailers, wholesalers, or other middlemen. So Ford and Tesla both make cars, so they are both manufacturers, but they go about selling their cars differently.
What is Direct to Consumer (D2C)
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
can sell unlimited shares to the general public, is heavily regulated by the government, and reports its financial information to the public. Owners’ losses are limited to the amount invested. It also experiences double taxation, which means the company pays income taxes, and then the owners pay taxes on any dividends. Owners are called stockholders.
What is a C Corp
is either an action used to gain an advantage, or some form of borrowed capital in an attempt to increase the potential ROI.
What is Leverage
refers to planning, organizing, staffing, controlling and leading people, processes, and assets in order to achieve a goal or task in the best way possible.
What is managment
is a business model that uses an electronic medium (i.e. a website/web store) to facilitate the buying and selling of products and services by businesses and consumers.
What is E-Commerce
Manufacturing, Transportation, Purchasing, Distribution, Logistics, Inventory management, Quality control, Supply chain management.
What is Operations
is 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. The tax liability is passed directly through to each owner, like a partnership, based on the level of ownership each owner has in the company.
What is a Limited Liability Company (“LLC”)
is the standard markup language for creating web pages.
What is a HTML (Hyper Text Markup Language)
mean an ability to make good trade-offs with limited resources, as well as to effectively handle difficult and/or complex business challenges
What is Problem-solving skills
is a business model with traditional physical street-side locations, like a local bank or hardware store.
What is Bricks-and-Mortar