BUSINESS CHARACTERISTICS
Businesses which develop products for distribution from raw goods
What is producers?
Process of creating growing, manufacturing or improving products or services
What is Production?
A systematic grouping of individuals which have been brought together to accomplish a common goal
What is organization?
The process of completing tasks effectively and efficiently through the effort of others
What is Management?
Businesses which provide services to consumers and other businesses
What is service firms?
Materials derived from natural resources
What is Raw Goods?
Usually have more than 100 employees
What is Big Business?
Part of an organization's management team
What are Supervisors?
Conduct the management process
What are Supervisors and Managers?
Businesses which provide services to consumers and other businesses
What is Service Firms?
Businesses which change raw goods into a more finished form
What is Processors?
Usually have less than 100 employees
What is Small Business?
Sets an organization's goals and objectives
What is Top Management?
Maintains total control over the entire operation
What is Power-Oriented Style
What is Human Resources?
Businesses which change raw or processed goods into finished goods
What is Manufacturers?
What is Green Marketing?
Refers to accomplishing goals and objectives effectively and efficiently
What is The Management Process?
Keeps the operation running smoothly rather than accomplishing other goals
What is Routine-Oriented Style
Process of reaching a company's goals and objectives by utilizing its resources
What is Management?
Businesses which move finished goods from one business to another by buying, storing and reselling goods
What is Intermediaries?
Organizational system found in traditional businesses
What is Vertical Organization?
Arrange and group jobs based on specific tasks in order to enhance efficiency
What is Organizational Structure?
Occurs when a manager closely controls the work of their employees
What is Micromanagement?
Process of recording, classifying, summarizing and reporting the financial position of a business