Business management

business management practice quiz 9

TOPIC ONE - OPERATIONS ROLE OF OPERATIONS MANAGEMENT ● Strategic role of operations management - cost leadership, good/service differentiation STRATEGIC ROLE = Achieving a competitive advantage by maximising profits for the long-term. COST LEADERSHIP = Having the lowest operations costs to be the most price-competitive in the industry (economies of scale, use of standard components, lean production) GOOD/SERVICE DIFFERENTIATION = Having a product/service that is uniquely different...

Its about Business

Iam explaining about business

small business enterprise performance and management review

This document provides an comprehensive introduction to business management with well illustrated examples on the same .

Organization correct answers a group of people who work together to achieve some specific purpose management correct answers pursuit of organizational goals efficiently and effectively by integrating the work of people through planning, organizing, leading and controlling the organization's resources efficient correct answers cheap and wise effective correct answers get it done Management process(Four Management Functions) correct answers Planning Organizing Leading Controlling ...

Four Management Functions correct answers 1. Planning 2. Organizing 3. Leading 4. Controlling Management Skills correct answers 1. Conceptual- ability to see the organization as a whole system 2. Human Skills- Managers ability to work with the entire group. 3. Technical Skills- Understanding of and proficiency in the performance of specific tasks. Different levels of manager (Vertical) correct answers -Top manager - setting organizational goals, defining strategies for achieving the...

Description of Word of mouth as a means of advertising, ways to harness the WOMM as a tool of advertising. Advantages of WOMM advertising. Different approaches to WOMM advertising.

Its a study that analysis the consumer and firms behavior in the market and seeks to understand their decision making process.