7 Functions
Which function deals with getting goods to customers?
Channel Management.
What type of segmentation deals with segmenting target customers based off of characteristics?
Demographic Segmentation.
What refers to what a business sells?
Product.
Where should items like paper be placed in to avoid landslides?
In a proper storage space such as a folder.
What are the main activities of a manager?
Organizing and staffing.
Which function deals with developing and maintaining a product?
Product/Service Management.
What type of segmentation deals with segmenting target customers based off of location?
Geographic Segmentation.
What refers to how a business prices their goods?
What should you lift with to avoid injury?
Your back.
What are the 5 Management Functions?
1. Planning
2. Organizing
3. Staffing
4. Leading
5. Controlling
Which function deals with effectively choosing how to price products?
What type of segmentation deals with segmenting target customers based off of values, beliefs, and interests?
Psychographic Segmentation.
What refers to how a business makes potential customers aware of their product?
What could happen if items are left all over the floor?
Someone has a risk of tripping or falling.
What are the different layers of management and what do they do?
1. Supervisors - directs the work of employees.
2. Executives - Focuses on management functions and decisions that affect the entire company.
3. Middle Managers - Completes specialized work in one management function or is responsible for a specific part of the company's operations.
A sales representative helps a customer choose out a new phone and tells them all of the benefits of their company's phone. Which function is represented here?
Selling.
What type of segmentation deals with segmenting target customers based off of customer activities?
Behavioral Segmentation.
What refers to where a business is?
Place.
Two people are walking side by side on a set of stairs while talking. One of them, distracted, misses their step and falls all the way down the stairs. What steps could have been taken to prevent this?
1. Take one step at a time.
2. Don't congregate on stairs.
3. Watch where you are going.
A company is having trouble keeping track of what their employees are doing. What management function is being failed here?
Controlling.
A company pays a social media influencer to talk about their product in a video. Which function is represented here?
Promotion.
A company groups potential customers based off if they live in hot areas. What type of Segmentation is this?
What refers to who works for a business?
People.
What are the three conditions that must be met for a fire to occur?
1. A flammable object (fuel)
2. The fuel must be heated
3. A good supply of oxygen
A company is facing issues with keeping employees. They say they feel that they don't know what to do for their jobs and that they don't know if they are doing good at their jobs. What management functions are being failed here?
Organizing, staffing, and leading.