Types of Businesses
What are raw goods?
Raw goods are materials created from natural resources.
What is an example of a service firm?
Beauty salon, landscaping, plumbing.
What are the two main techniques of Training?
On-the-job training and group training.
What is the hierarchy of needs diagram in order (from top to bottom)?
Self-Actualization, Self-Esteem, Belonging and Love, Safety, and Basic Needs.
What is the role of processors?
They change raw goods into more finished materials.
What is an intermediary?
Moves finished goods from one business to another.
What are the Human Resources responsibilities?
Responsibilities include maintaining the employment process and training/development of employees.
What is the employment process?
1. Assess employment needs, 2. Recruit potential employees, 3. Select employees who fulfill goals, 4. Help employees get recruited.
What is an example of processors?
Cotton mills, textile mills, and oil refineries,
What do non-profit organizations do?
Provide goods, and operate donations and volunteers instead of making a profit.
What is the employment process?
Assess employment needs, 2. Recruit potential employees, 3. Select employees who fulfill goals, 4. Help employees get recruited.
What are the HR responsibilities?
Responsibilities include maintaining the employment process and training/development of employees.
What is an example of a type of business?
Service firm
What is the role of manufacturers?
They turn raw or processed goods into finished products.
What are the definitions of the two types of Motivation?
Extrinsic motivation is through outside sources such as money, benefits, and recognition. Intrinsic motivation is internal motivation such as challenge, enjoyment, and accomplishments.
What is a service firm?
The provide service to consumers and other businesses.