Business Activities
Ensuring that a product meeting predetermined standards
What is Quality Control?
The people responsible for management
What is Managers?
The part of staffing that involves seeking out and attracting qualified potential employees
What is Recruiting?
The way to build positive customer relations
What is proactive?
The rivalry between two or more businesses to attract scarce, or limited, customer dollars
What is competition?
The day-to-day activities required for continued business functioning
What is Operations?
All of the sources of money available to the business
What is Financial Resources?
The explanation of the responsibilities and tasks associated with a specific job
What is a Job Description?
The literal business with offices, desks, chairs, manufacturing equipment
What is tangible?
occurs between or among businesses that offer similar types of goods or services
What is Direct Competition?
The process of creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large
What is Marketing?
Deciding what work will be done and how it will be accomplished.
What is Planning?
The relationship you have with other employees, supervisors, and managers.
What is Employee Relations?
The activities a business engages in to interact with its customers
What is Customer Relations?
a type of rivalry between or among businesses that focuses on the use of price to attract scarce customer dollars
What is price competition?
The process of planning, staffing, leading, and organizing employees
What is Human Resources Management?
The department heads, production managers, sales managers, and district managers
What is Middle-Level Management?
___ ___ aim to gauge employee attitudes about a company, gain constructive suggestions for improvement, and gather further understanding about employee turnover
What is Exit Interviews?
When customers are happy with a business, they are likely to tell their friends, family, coworkers, and acquaintances about it
What is Word-of-Mouth Promotion?
___ includes promoting the following: exceptional quality, special features, trained personnel, outstanding customer service, convenience, modern facilities, and a wide variety of products.
What is nonprice competition?
The company needs to do is make sure that the borrowed amount will cover the project’s expenses—including things such as:
What is salaries, advertising of the product, and tools for production.
The skills needed for a manager to be successful
What is technical, interpersonal, and conceptual skills?
Customers don’t want to deal with businesses that don’t understand the basic rules of ___ and courtesy
What is etiquette?
The four main types of market structure
What is perfect competition, monopolistic competition, oligopoly, and monopoly?