service providing businesses - The U.S. economy has moved from an emphasis on goods-providing businesses to what?, compensation - Benefits and salary or wages are examples of what?, commission - Term used when an employee earns a percentage of sales for which he or she is responsible, outsourcing - Removes work from one company and sends it to another company that can complete it at a lower cost., target market - A specific group of consumers who have similar wants and needs, Accounting - This business function generates some of the key company documents and financial statements, including profit and loss statements which are also called income statements, balance sheets, and cash flow statements., price decreases - What happens to the price of a product after it has been on the market a long time?, supervisors - Members of the first level of management in a business are commonly called _?, planning and controlling activities - Top-level managers spend most of their time, Income statements - show the financial details of a business over a time period, and more specifically, how much profit the company is generating in that time period., Balance Sheet - provides a snapshot of a business's assets, debts, and equity at a specific moment in time., Human Resources - The function (or department) within a company that focuses on the activities of people or personnel within the business., Cash flow statements - Records the amount of cash and cash equivalents entering and leaving a company., price, product, place, promotion, - The four P's of Marketing, Research and Development - The business function Activity of combining research and discovering solutions to problem OR creating new goods and knowledge, Marketing - This business function includes the total process where goods and services move from a concept, to a product, and then to the customer., Sales - The business function activity of selling a product or a service, Operations - This business function is any Jobs or Tasks performed within the business; linked with day to day Manufacturing / Production, Information Management and Technology - The business function which stores all of the data and information, including computers and technology, Logistics - The business function that includes planning, execution, and control of the movement, and stationing of personnel, materials, and other resources. “Transportation”,

Business Functions

by
Print
Embed

Leaderboard

Visual style

Options

Switch template

Continue editing: ?