Business Management Study guides, Class notes & Summaries

Business Management UNIT 3_4 EXAM questions & answers

Business Terms (Unit 34-35)

BTEC Unit 2 Finance questions and answers

introduction_ Big Data and Business questions and answers

Principles of Financial Planning (Business questions & answers

what are the key feature of a business-HR -operations -marketing -finance what are the three (four) main sectors-Primary -Secondary -Tertiary (-Quaternary) Primary sectorIncludes all business in which production is directly associated with natural resources (mining, farming, timber, fishing, coal, energy, etc - BHP mining) Secondary sectorIncludes all businesses which take the output of firm (usually raw materials) and processes it into a finished or semi-finished product (phones, c...

BusinessThe organized effort of individuals to produce and sell, for a profit, the goods and services that satisfy society's needs. What are the four resources a business needs in order to be successful?Human resources, material resources, informational resources, and financial resources. What do service businesses do?They provide services. Ex: Haircuts, legal advice, tax preparation, etc. IntermediaryGo-between; mediator. Are businesses that understand customer needs, and work to sati...

External growth methods - Mergers and acquisitions (M&A's) - Takeovers - Joint ventures (JVs) - Strategic alliances (SAs) - Franchising Joint Venture (JV) When two or more businesses decide to work together on a project. They share the capital, risks and rewards. They are NEVER joined as one company but create a separate business division. Strategic Alliances (SAs) - Strategic alliances occur when two or more businesses cooperate in a business venture for mutual benefit. - The fir...

Business Management Exam Questions And Answers Solved Correctly Business - answerThe organized effort of individuals to produce and sell, for a profit, the goods and services that satisfy society's needs. What are the four resources a business needs in order to be successful? - answerHuman resources, material resources, informational resources, and financial resources. What do service businesses do? - answerThey provide services. Ex: Haircuts, legal advice, tax preparation, etc. Interme...

Business Management Final Review Exam Questions And Answers Solved Correctly Herzberg Theory - answerTwo Factor theory of human motivation. Dissatisfaction was a result of hygiene factors. Satisfaction and psychological growth were motivation factors. Centralized - answerCommunications by team members through a single person to solve problems or make decisions. Franchise - answerA license, granted by one company (franchiser) to another company or person (franchisee), entitling the franchi...