EC-071
an organized effort to produce goods and services.
What is a business?
JUST TYPE FREEDOM
CUZ THIS IS 'MERICA SO WE CAN HAVE THE FREEDOM TO HAVE A FREE ANSWER!!!!
FREEDOM
The people who work to produce goods and services
What are human recourses?
People
what is the most important factor in human relations?
the most common medium of exchange in the economy
what is money?
Produce goods/services.
What must all business accomplish?
To accomplish the business’s goals.
what is the main purpose of management?
Making sure a company follows laws and regulations
What is compliance?
happy
What does having positive customer relations mean?
Someone who makes things.
Making sure that a business has enough of a product in stock without having too much.
What is inventory managment?
Counting money and/or preparing a bank deposit
What do technical skills include?
To gain constructive suggestions for improvement
What is the purpose of an exit interview?
A comfortable waiting room.
What might a business's tangible include?
risks that cannot be controlled by the business's owner
What is a hazard risk?
What do you need when operating a business?
Thinking about a business long-term.
What are conceptual skills?
The part of staffing that involves seeking out and attracting qualified potential job candidates.
What is recruiting?
proactive
what must a business do to have a good customer relation?
Whenever goods are sold to the ultimate customer.
When does retailing take place?
Obtain supplies
What is something financial analysis does?
President, senior vice president, and chief executive officer.
What are examples of top-level managment
Long-range planning efforts.
What does strategic managment include?
Employees
What are internal customers?
competition between two similar businesses that sell the same products/services.
What is direct competition?