EC-071
makes money to fulfill a specific mission or undertaking
what is a nonprofit business
the logical process of coordinating resources, such as money and employees, to accomplish an organization’s goals
what is management
the people who work to produce goods and services, and they are invaluable to a company
what are human resources
all the activities a business engages in to interact with its customers
what is customer relations
The organized way in which a country handles its economic decisions and solves its economic problems
what is an economic system
actions taken by businesses to generate profits or to reach financial goals
what are business activities
deciding what work will be done and how it will be accomplished. First, managers identify goals
what is planning
the process of planning, staffing, leading, and organizing those employees.
what is human resource management
makes customers feel important and connected to the company
what is positive customer relations
Resources,Markets, Participants, Medium of exchange
what are the elements of all economic systems
the process of planning, maintaining, monitoring, controlling, and reporting the use of financial resources
what is financial analysis
setting up the way the business’s work will be done
what is organizing
an explanation of the responsibilities and tasks associated with a specific job. It describes what an employee in that position does
what is a description
it helps satisfy today’s tough-to-please customers, helps a business compete, helps create loyal customers, helps generate word-of-mouth promotion, increases productivity, and creates a positive working environment.
why is customer relations important
Traditional, Command, Market
what are the types of economic systems
keeping accurate and useful financial records
what is accounting
important management function because staffing helps the business find employees who know how to do the necessary work
what is staffing
an explanation of the skills, knowledge, and characteristics required for the job
what is specification
what is a customer
Amazon Rainforest communities
what is an example of a traditional economy
the process of planning, staffing, leading, and organizing employees.
what is human resource management
providing guidance to workers and work projects. Managers set the direction for the business and influence employees to follow in that direction
what is directing
the part of staffing that involves seeking out and attracting qualified potential employees
what is recruiting
customers who stop doing business with certain companies often do so because of what
what are poor customer relations experiences
Communism, Socialism
what are the two primary types of command economic systems