Money Moves
This process includes planning, maintaining, and reporting financial resources.
What is Financial Analysis?
This business function focuses on hiring, training, and compensating employees.
What is human resources management?
This is the business activity that sets long-term goals and organizes the company.
What is strategic management
These essential daily tasks ensure goods and services are produced and delivered.
What are operations?
The process of creating, communicating, and delivering value to customers.
What is marketing?
Money raised by selling ownership shares is known as this type of financing.
What is equity financing?
Introducing a new employee to their workplace and responsibilities is known as this.
What is orientation?
An organized statement of purpose for a business is called this.
What is a mission statement?
Ensuring a product meets standards before it hits the market is called this.
What is quality control?
Setting the right price by studying customer willingness to pay is part of this marketing element.
What is pricing strategy?
Borrowing money through loans or bonds is referred to as this.
What is debt financing?
Businesses often rely on these individuals, such as supervisors and executives, to guide staff.
Who are managers?
When a business plans for future success, it is engaging in this.
What is long-term planning?
The purchasing department does this to obtain materials and supplies.
What is procurement?
This promotional tool gives customers a taste of the product, like free supermarket samples.
What is product sampling?
These investors fund startups in exchange for ownership, often appearing on shows like Shark Tank.
What are Angel Investors?
This activity involves reviewing worker effectiveness on the job.
What is performance evaluation?
Merging two companies requires this type of large-scale goal adjustment.
What is strategic realignment?
This operation involves managing the stock of finished products for sale.
What is inventory management?
Researching local competition helps businesses do this to better reach customers.
What is market analysis?
Keeping financial records accurate is the main purpose of this accounting practice.
What is Bookkeeping?
Offering competitive wages and benefits is part of this HR function.
What is employee compensation?
Assessing what resources are needed for growth is part of this strategic step.
What is organizational planning?
Having too much inventory increases these types of business expenses.
What are storage costs?
Getting a product into the hands of customers through stores or websites is called this.
What is distribution?