Business Management - 1
What is "O" stand for in SWOT Analysis?
Opportunities
What does a target market mean?
A specific group of customers a business aims to serve.
What does B2C stand for?
Business to Consumer
What are the "4P"s of marketing?
Product, Price,Place,Promotion
Monitoring/Evaluating results against a budget would be included in this function of management
controlling
A small organization with few levels of management would likely have this type of organization
flat
What is an employer?
Someone who gets employees.
What is a competitor?
A business offering similar products or services targeting the same market
What is the term for the amount of money made by a business
"Revenue"
What is the main purpose of a business?
To provide goods or services that satisfy customer needs, while making a profit.
What is the term for the amount of money made by a business
"Revenue"
Interviewing potential employees, orienting new employees, and being in charge of employee benefits are typical job duties for employees in the ____ department?
Human Resources
Name the 4 main functions of management.
Planning, Organising, Leading, Controlling.
The study of how organizations produce goods and services
A) Managerial effectiveness
B) A transformation system
C) Management science
D) Operations management
D. Operations management
What is an organisational chart used for?
To show reporting lines and the structure of authority.