Marketing
In a business means running the entire business with a focus on the customer
What is marketing orientation
Net profit divided by cost of investment or equity
What is return on investment
Focusing on in important matter and no urgent task
What is lack of priorities
Review of people, strengths and weaknesses, and availed resources
What is management
Authoraitaroian., delegating, and participative
What are leadership styles
Identfying customers needs , purchasing goods or producing goods and services to meet those needs, determining the price and place to dispense items, and prospecting, promoting, and selling the items.
What is marketing
Examining the point of diminishing returns for the businesses production
What is profit maximization
Staff members are not given a chance to grow to a comparable level of knowledge understanding and intiative
What is failure to develop, train, and acknowledge people
Develop more detailed schedules by using charts and diagrams
What are functional schedules
System set up with only the managers immediate personal needs in mind
What is the objective of delegation
Land use zoning and noise ordinance designs, property taxes, public federal funds, public actions, needs for highway signs and roadway acess, needs for social, political and economic groups.
What are some things marketing of private owned airports need to address
A result of government cutbacks that’s says the businesses duty to support needs of the community
What is social responsibility
Staff members do not know how high the bar is set and what what good performance is suppose to look like
What is failure to establish and adhere to standards
When starting a buisness it is important to set seek finances on a month to month basis
What is financial information
The owner approves all designs, owner is final descion maker with regard to employment,ent and termination, owner decides about new services to be offered, owners makes or approves all public statements
What are the areas of delegation
Integrated, consistent, and systematic approach
What is integrated marketing
Replacing cost may chnage and existing stock may deteriorate during storage due to obsolescence or decay
What is inventory
Stay close to customers, operate with real concern to employees, quality, durability, realizability, and friendliness
What are values
A stanent that must discuss the new products features, benefits pricing,means of productions, the sales and promotional activity, and cost of getting it launched
What is strategy and objective
All task someone can handle should be delighted whether or not the person assigned can do them quite as fast, quite as well, or quite as well as the manager would like
What is time management strategy
Portion of business planning that helps estimate sales and hence revenue to the business
What is marketing plan
Acceptance of credits cards for payments will cost business owner a few percentage points which are usually passed on to customer and will create a slight lag in payment compared to cash
What is cash flow
A mainly one time process for obtaining business license
What are legal requirements
No growth, maitanence of market share, growth to a specific higher dollar volume, growth until some perceived point of diminishing returns
What is growth strategy
Autrocratic leaders that typically provide clear expectations of the nature of work
What is authoritative leadership